About

Professor Lee Craig is a member of the People Management Advisory Board at NC State University's Poole College of Management. The purpose of this advisory board is to support faculty in providing relevant and effective education and research that is meaningful to current and future leaders. The board's interactions aim to enable students and stakeholders through teaching, research, and service to develop a deep understanding of the complexities of modern business environments, including strategy formulation, implementation, staffing, and resourcing. Specific details about Professor Craig's research focus, background, or key contributions are not provided in the page text.

Research topics

• Computer Science
• Business
• Economics
• Monetary economics

Selected publications

• Automatic Enrollment in Public Supplemental Retirement Plans

  State and Local Government Review · 2025-10-02

  article

  In this paper, we examine the prevalence of automatic enrollment provisions in public supplemental retirement plans. Available evidence indicates that relatively few government retirement systems have adopted automatic enrollment provisions for their supplemental retirement saving plans. We explore some factors that might explain this lack of interest in automatic enrollment by public employers, including: state laws that specifically prohibit the use of auto enrollment, the overhead costs of adding the policy, the perception that governments are already providing an adequate retirement plan, and union concerns about the impact of reduced take home pay. JEL codes: H75, J32, J45

  PublisherDOI

• Automatic Enrollment in Public Supplemental Retirement Plans

  SSRN Electronic Journal · 2025-01-01

  preprintOpen access
  PublisherDOI

• Josephus Daniels, “Freedom of the Seas,” and North Carolina’s Economy during the Great War

  University of Tennessee Press eBooks · 2024-01-12

  book-chapter1st authorCorresponding
  PublisherDOI

• Nutrition, the Biological Standard of Living, and Cliometrics

  2024-01-01

  book-chapter1st authorCorresponding
  PublisherDOI

• Quantifying and explaining the decline in public schoolteacher retirement benefits

  Industrial Relations A Journal of Economy and Society · 2023-03-17 · 1 citations

  articleOpen accessSenior author

  Abstract We estimate that, between 2000 and 2020, the average initial monthly retirement benefit for teachers retiring with 30 years of service has been reduced by 11.2%, though the decline in benefits varies substantially across the states (the median reduction in the initial benefit was 1.9%). We also find that plans covering only teachers, and plans in which teachers are not in Social Security, have made smaller reductions in the generosity of their pension benefits.

  PublisherOA PDFDOI

• The (menu) price effect of a Michelin star

  Applied Economics Letters · 2023-11-06 · 4 citations

  article1st author

  We employ a unique data set of menu prices for every French and British restaurant that achieved three-star status in the Michelin Guides at least once during the restaurant’s operating life. We find that additional stars resulted in higher menu prices. In contrast, beyond some level, earning an additional number of ‘knives and forks’, the guide’s measure of service, ambience, and décor, does not confer additional pricing power to restaurants. Our results suggest restauranteurs pursuing an additional Michelin star should emphasize investments in chefs and ingredients – as opposed to service, ambience, and décor.

  PublisherDOI

• Rock and Fluid Data: An Integrated Effort on Improving Subsurface Analysis and Modelling Workflows

  2022-04-27 · 1 citations

  article

  Abstract Rock and Fluid data provide critical input parameters for reservoir characterisation, production, and reserve forecasts. These datasets are key building blocks for reservoir simulation models, but there has been limited work in the oil industry on the standardisation of their data structures, formats, or quality control. We will present experiences and results from an ongoing digitalisation initiative. This initiative centres on establishing a database that includes all relevant analysis done on rock and fluid data. The database currently has thousands of wells covering over a hundred NCS fields that can be easily accessed via standard interfaces. As the data are contextualised on e.g., lithostratigraphic units, end-users can analyze data by groups, formation, geological time, and depositional environment. A key challenge for rock and fluid data compared to simpler oil industry datasets, is that one discipline's analysis and modelling results represent another discipline's input data. We will present an approach to resolve these challenges and discuss how this relates to ongoing joint standardisation efforts in the industry such as the OSDU Forum. In this paper we will show how industrial DataOps technology and close collaboration between domain experts, data managers and technologists has unlocked great value based on Rock and Fluid data. We will describe the workflow of finding and verifying data, establishing standard formats, implementing automated data validation and ingestion, and how we manage, visualise, and interpret data, ensure full data integrity, and make data available for end-users through different applications. We will provide examples on how machine learning can be used for automated trend analysis and identification of relationships across different data types to support model generation. Finally, we will demonstrate a state of the art and seamless workflow of generating static and dynamic SCAL model input for reservoir simulation with uncertainty band. This includes evaluation and verification of both static and dynamic SCAL data. Relative permeability and capillary pressure curves from each laboratory experiment are quality assured, parameterised and stored in the database, along with all relevant information such as plug properties, well name, fluid properties, experimental conditions, flow parameters and endpoint saturations etc.

  PublisherDOI

• The spy who dined well: James Bond and the real cost of fine dining

  Applied Economics · 2022-08-17

  article

  We constructed a time series of menu prices for the identifiable restaurants at which James Bond dined in France that yields one of the few international price series representing luxury services. We also compiled a time series on the salary of workers in the British Civil Service at Grade 7, like Bond, from 1953 to 2019. Our results indicate that French restaurant prices increased faster than Grade 7 salaries over the entire period and changes in the British exchange rate were not favourable for Bond. To dine weekly in France, during the 1950s and 1960s, Bond would have spent 18% of his salary; whereas over the course of the Euro era the same basket of luxury services would have required on average 26% of his salary.

  PublisherDOI

• Quantifying and Explaining the Decline in Public-School Teacher Retirement Benefits

  National Bureau of Economic Research · 2022-09-01

  reportOpen accessSenior author

  In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower than that of teachers retiring in the same plan with the provisions that were in place in 2000, implying a lower annual benefit of over $3,000. We examine why state plans that cover only teachers, along with plans in which teachers are not included in Social Security, have made smaller reductions in the generosity of their pension benefits in recent decades.

  PublisherOA PDFDOI

• Characterizing Stormwater for Reuse in Irrigation

  2022-10-07

  preprint1st authorCorresponding
  PublisherDOI

Frequent coauthors

• Robert L. Clark

  29 shared

• Thomas G. Weiss

  28 shared

• Douglas Fisher

  19 shared

• John Sabelhaus

  17 shared

• Julianne Treme

  North Carolina State University

  16 shared

• Jack W. Wilson

  North Carolina State University

  12 shared

• Elizabeth Field‐Hendrey

  Queens College, CUNY

  11 shared

• Robert L. Clark

  University of Oxford

  6 shared