Carol is Professor of Economics at Imperial College Business School in the Department of Economics and Public Policy.
Carol was made a Dame in the 2021 New Year's Honours in recognition of her public services to health and economics.
Her research focuses on the impact of incentives on the quality of health care delivery and health system productivity and, more widely, on the design and consequences of incentives within the public sector and the boundary between the state and private markets.
She was Associate Dean for Faculty and Research at Imperial Business School 2016-19, Co-Director and Director of the Centre for Market and Public Organisation at the University of Bristol between1998-2009 and Co-Director of the Centre for the Analysis of Social Exclusion at London School of Economics between 1997-2007. From 2016 she has been Deputy Editor of VOX EU.
She is the current President of the Royal Economic Society and a member of President Macron of France expert commission on major economic challenges. She has undertaken a wide range of public service activities including Chair of the ESRC Research Grants Board 2005-09, member of the ESRC Council 2005-09, member of the Royal Economic Society council 2000-2005.
Carol was awarded a CBE for her services to social science in 2010. The accolade recognises Carol’s research into public economics and economics of health care as well as her work with colleagues from other social science and medical disciplines. She was elected as a fellow of the British Academy in 2014 and an international fellow of the National Academy of Medicine in 2018.
Her research has been published in a wide number of leading economics journals. In 2010 Carol and co-author John Van Reenan were awarded the International Health Economics Association Arrow Award for the best paper in health economics worldwide for their paper "Can Pay Regulation Kill?" JPE 118(21):222-273. In 2016 Carol and co-authors Martin Gaynor and Rodrigo Moreno-Serra were awarded the American Economic Association Prize for the best paper published in the American Economic Journal: Economic Policy in 2012-15. In 2017 she and co-authors Martin Gaynor and Stephan Seiler were awarded the International Health Economics Association Arrow Award for the best paper in health economics worldwide.
LINKS to commentary on competition in healthcare
- Hospital competition and patient choice can improve healthcare quality
- When hospitals compete, do patients win?
- Healthcare: how competition can improve management quality and save lives
Burgess S, Propper C, Tominey E, 2017, Incentives in the public sector: evidence from a governmentagency, Economic Journal, Vol:127, ISSN:1468-0297, Pages:F117-F141
Jones D, Propper C, Smith S, 2017, Wolves in sheep’s clothing: Is non-profit status used to signal quality?, Journal of Health Economics, Vol:55, ISSN:0167-6296, Pages:108-120
Santos R, Gravelle H, Propper C, 2017, Does quality affect patients’ choice of Doctor? Evidence from England, The Economic Journal, Vol:127, ISSN:1468-0297, Pages:445-494
Gaynor M, Propper C, Seiler S, 2016, Free to Choose? Reform, Choice, and Consideration Sets in the English National Health Service, American Economic Review, Vol:106, ISSN:0002-8282, Pages:3521-3557
Britton J, Propper C, 2016, Teacher pay and school productivity: exploiting wage regulation, Journal of Public Economics, Vol:133, ISSN:0047-2727, Pages:75-89
et al., 2015, The Impact of Competition on Management Quality: Evidence from Public Hospitals, Review of Economic Studies, Vol:82, ISSN:0034-6527, Pages:457-489
McCormack J, Propper C, Smith S, 2014, Herding Cats? Management and University Performance, The Economic Journal, Vol:124, ISSN:1468-0297, Pages:F534-F564
Gaynor M, Moreno-Serra R, Propper C, 2013, Death by Market Power: Reform, Competition, and Patient Outcomes in the National Health Service, American Economic Journal-Economic Policy, Vol:5, ISSN:1945-7731, Pages:134-166
Propper C, Van Reenen J, 2010, Can Pay Regulation Kill? Panel Data Evidence on the Effect of Labor Markets on Hospital Performance, Journal of Political Economy, Vol:118, ISSN:0022-3808, Pages:222-273