Announcements.

• Position: Southern Economic Association offers memebership - Jonathan Hamilton and David Figlio of University of Florida - Arthur Goldsmith of Washington and Lee University

The results of the Southern Economic Association elections were announced at the Southern Economic Association meeting in New Orleans, LA, in November 2007. The new officers are:

President-Elect: Jonathan Hamilton, University of Florida Vice-President: Arthur Goldsmith, Washington and Lee University (two-year term)

Board of Trustees: David Figlio, University of Florida (four-year term).

The Southern Economic Association Nominating Committee members for the 2007 slate of officers are:

William R. Johnson (Chair), University of Virginia (wjohnson@virginia.edu) Joni Hersch, Vanderbilt University (joni.hersch@ vanderbilt.edu)

Dwight Lee, University of Georgia (dlee@terry.uga.edu).

Georgescu-Roegen Prize in Economics

The annual Georgescu-Roegen Prize in Economics was awarded to Daniel P. McMillen, University of Illinois at Chicago; Paul T. Seaman, University of Dundee; and Larry D. Singell, Jr., University of Oregon, at the Annual Meeting of the Southern Economic Association.

The award is given to the author or authors of the article selected by the prize committee as the best to appear in the Southern Economic Journal in the previous volume year. This year's winner is "A Mismatch Made in Heaven: A Hedonic Analysis of Overeducation and Undereducation" by Daniel P. McMillen, Paul T. Seaman, and Larry D. Singell, Jr. This article appeared in the April 2007 issue, Volume 73, Number 4.

Over the last 20 years, policy makers and researchers have expressed concern over the persistent apparent mismatch between the labor market and the educational system, which has led some 30-40% of workers to be overeducated (educational qualifications in excess of those required for the job) or undereducated (education qualifications less than those required for the job). McMillan, Seaman, and Singell revisit this puzzle in a new and creative way by modeling the dynamics of worker-firm interactions. In their discrete hedonic model, workers can be overeducated when they start in a lower-paying, entry-level job that leads to higher paying positions in the firm in the future for which they are exactly educated. Additionally, workers can be undereducated when they begin a lower paying job for which they are exactly educated but receive on-the-job training and promotion into higher paying jobs later in their career in the firm. The main prediction is that the age-earnings profile for overeducated or undereducated workers is steeper than the profile for exactly educated...