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Yale's Menaka Hampole gets Early Career Research Award
The Upjohn Institute Early Career Research Award supports policy-relevant research on employment issues and is awarded to scholars within six years of earning their PhDs.
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Pranavi Sharma - Thu, 10, Apr 2025
- 02:59 EDT
- 325
Menaka V. Hampole / Yale School of Management
Menaka V. Hampole, assistant professor at Yale School of Management, has been named a recipient of the Upjohn Institute Early Career Research Award, the International Center for Finance at Yale announced on Apr.8.
The prestigious grant supports policy-relevant research on employment issues and is awarded to scholars within six years of earning their PhDs.
Professor Hampole received the award for her ongoing research project titled "What Explains the Twin Gender Gaps in Higher Education? The Role of Outside Options." Co-authored with Titan Alon and Laura Murphy, the study investigates two diverging gender trends in higher education: women are more likely than men to enroll in college, yet face poorer financial outcomes post-graduation.
Hampole joined Yale SOM as an assistant professor of Finance in Fall 2023. Her research focuses on the intersection of household finance and labor economics, with a particular interest in education financing and access. She earned her PhD in Finance from the Kellogg School of Management at Northwestern University in 2023, where she also held a fellowship from 2022 to 2023. She holds a master’s degree in economics from University College London and a bachelor’s degree in economics from the University of Chicago.
During her fellowship at Northwestern, Hampole led several research projects examining how financial systems and policies influence education and labor market outcomes. One study used the staggered rollout of “no loan” financial aid policies as a natural experiment to explore how reduced student debt influenced students’ choices of academic majors and career paths. Her findings indicate that students were more likely to pursue fields with higher earning potential and greater income variability.
In another project, co-authored with Lucy Msall, she analyzed the effects of the federal Student Loan Moratorium on household financial behavior and labor market decisions during the COVID-19 pandemic. A third study, developed with additional collaborators, leveraged the roll-out of automated underwriting systems by Fannie Mae and Freddie Mac to assess whether technological advancements in credit evaluation improved access for low-income and minority borrowers.
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