Debra Drecnik Worden

Debra Drecnik Worden, PhD

Professor of Business and Economics


Office: Newberg Campus, Hoover #145

Office Hours: By appointment only

Debra Worden came to George Fox in 1994 as the first female member in what was then the Department of Business and Economics. Prior to her move to Oregon, Worden taught at Olivet Nazarene University in Illinois and was a research scholar at Purdue University’s Credit Research Center in Indiana. She earned a doctorate in economics from Purdue and a bachelor’s degree in economics from Westminster College, Pennsylvania.

Worden lives on a lovely five acres of trees, flowers and native plants in Newberg. She is a not-too-crazy cat lady and has a handful of strays that come to stay and be taken care of. She met her husband Paul in the classroom during her two-year teaching stint at Northern Arizona University in the 1980s (he was the brilliant student in the back row of her finance class).   

Worden’s passions are many and include (not in any order) her Paul, cats, her Father God, backpacking in the wilderness (with Paul), the George Fox baseball team, her students, Jackson Browne, gardening, The Wall Street Journal, JRR Tolkien, the Fed, and statistical analysis.


  • PhD, Purdue University
  • BA in Economics, Westminister College

Professor Worden Teaches:

  • Business statistics
  • Macroeconomics
  • Managerial Finance

Research Interests

  • Quantitative methods
  • Quality control
  • Personal finance and investments

Selected Publications/Presentations

  • “Accumulating and Spending Retirement Assets: A Behavioral Finance Explanation” (with D. Schooley), Financial Services Review, 22 (2) Summer 2013.
  • “Fueling the Credit Crisis:  Who Uses Consumer Credit and What Drives Debt Burden?” (with D. Schooley),  Business Economics, 45 (4) October 2010.  This article won the Abramson Scroll for outstanding featured article in Business Economics in 2010.   The journal is the publication of the National Association for Business Economics (NABE).
  • “A Behavioral Life-Cycle Approach to Understanding the Wealth Effect,” (with D. Schooley), Business Economics, 43(2) April 2008.
  • “Generation X: Understanding Their Risk Tolerance and Investment Behavior,” (with D. Schooley), Journal of Financial Planning, 16(9) September 2003.