Vincent Munley began his academic career at Lehigh in 1980, after serving for two years as a staff economist for the President's Council on Wage and Price Stability. He served for ten years as a member of Pennsylvania Department of Environmental Resources' Air and Water Quality Technical Advisory Committee. He was a Visiting Scholar at the Advisory Commission on Intergovernmental Relations in Washington, D.C. and a Fulbright Scholar at the National University of Ireland, Galway.
From 2010 until 2017, he served as the University's Deputy Provost for Faculty Affairs.
His research is directed at the empirical study of public policy issues, in particular topics related to fiscal federalism. The results have been published in journals that include the American Economic Review, Economic Inquiry, Education Finance and Policy, the Journal of Education Finance, the Journal of Environmental Economics and Management, the Journal of Legal Studies, the Journal of Public Economics, Land Economics, Public Choice, Public Finance/Finances Publiques, Publius, and the Southern Economic Journal.
- "The Impact of Debt Limitations and Referenda Requirements on the Cost of School District Bond Issues," Education Finance and Policy, Vol. 6, No. 4, pp. 537-556, 2011. (with Mary Harris)
- “The Effectiveness of Peer Tutoring at the University Level,” American Economic Review, Vol. 100, No. 2, pp. 277-282, 2010. (with Eoghan Garvey and Michael McConnell)
- “State Aid Programs for Equalizing Spending Across Local School Districts: Does the Structure of the Program Matter, or Only Its Size,” Public Choice, Vol. 143, Nos. 1-2, pp.23-47, 2010. (with Mary Harris)
- “The Impact of Surplus Sharing on the Portfolio Mix of Public Sector Defined Benefit Pension Plans: A Public Choice Approach,” Public Choice, Vol. 140, Nos. 1-2, pp.161-184, 2009.(with J. Richard Aronson, and James A. Dearden)
- "Economic Incentives and Political Institutions: Spending and Voting in School Budget Referenda," Journal of Public Economics, Vol. 49, No. 1, pp. 1-33, 1992. (with Thomas Romer and Howard Rosenthal)
- "Economic Objectives Within a Bureaucratic Decision Process: Setting Pollution Control Requirements Under the Clean Water Act," Journal of Environmental Economics and Management, Vol. 17, No. 1, pp. 35-53, 1989. (with Arthur G. Fraas)
- "Has the Median Voter Found a Ballot Box That He Can Control?" Economic Inquiry, Vol. 22, No. 3, pp. 323-336, 1984.