NBER Faculty Research Fellow Caroline Hoxby, a professor of economics at Harvard University, is the first Director of the NBER's new Program on the Economics of Education. She received her A.B. in Economics from Harvard in 1988, an M.Phil. in Economics from the University of Oxford in 1990, and a Ph.D. in Economics from MIT in 1994.

Hoxby has written on the effects of class size on student achievement, issues surrounding school finance, the effects of immigrants on affirmative action in American college education, and the industrial organization of the market for higher education in the United States. She has also worked on a nation-wide charter school evaluation project.