Jerry Hausman American econometrician Date of Birth: 05.05.1945 Country: USA

1. Jerry Hausman: A Renowned American Economist and Econometrician
2. Education and Early Career
3. Contributions and Achievements
4. Current Role and Research Focus
5. Awards and Recognition
6. Continued Research and Impact

Jerry Hausman: A Renowned American Economist and Econometrician

Jerry Hausman is a highly respected and well-known economist, recognized for his contributions in the field of econometrics. He holds a prestigious professorship at the Massachusetts Institute of Technology (MIT) and has received numerous accolades, such as the John Bates Clark Medal and the Frisch Medal.

Education and Early Career

Jerry Hausman earned his Bachelor's degree with honors from Brown University in 1968. He went on to pursue his doctoral studies at one of the colleges in Oxford and obtained his Ph.D. in 1973. His dissertation focused on the theoretical and empirical aspects of single period capital models. During his time as a graduate student in Oxford, Hausman was a Marshall Scholar.

Contributions and Achievements

Throughout his career, Jerry Hausman has made significant contributions to various areas of economics. One of his most notable achievements is the development of the "Hausman specification test," which is the first method that allows researchers to assess the fit of their statistical models with real-world data. He has also been recognized as an expert in telecommunications and has conducted research on topics such as antitrust legislation, mergers, government funding, taxation, and financial regulations.

Current Role and Research Focus

Currently, Jerry Hausman holds the position of Director of the Telecommunications Economics Research Program at MIT. He has been affiliated with the institute for over 30 years and has been involved in various research projects. While he previously taught introductory econometrics and competition in telecommunications, Hausman now focuses primarily on his scientific and research activities. His recent works have explored the impact of new products on economic well-being, measuring the effectiveness of these products through consumer price indices, and the regulation and competition in telecommunications and railroad markets.

Awards and Recognition

In 1985, Jerry Hausman received the John Bates Clark Medal, a prestigious honor awarded by the American Economic Association to economists under the age of 40 who have made significant contributions to the field. This award is often considered the second most important recognition in economics, following the Nobel Prize. Additionally, in 1980, Hausman shared the Frisch Medal with David A. Wise for their work on "Attrition Bias in Experimental and Panel Data: The Gary Income Maintenance Experiment."

Continued Research and Impact

Currently, Jerry Hausman continues to actively research and publish in the field of econometrics and economics. His recent econometric articles have focused on topics such as difference-in-differences models, semi-parametric duration models, weak instruments, and errors in variables in non-standard situations. His ongoing contributions to the field demonstrate his dedication to advancing economic knowledge and understanding.