Jerry Allen Hausman (born May 5, 1946) is the John and Jennie S. MacDonald Professor of

Economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...

at the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...

and a notable

econometrician Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics," '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8 ...

. He has published numerous influential papers in microeconometrics. Hausman is the recipient of several prestigious awards including the

John Bates Clark Medal The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge." The award is named after the ...

in 1985 and the

Frisch Medal The Frisch Medal is an award in economics given by the Econometric Society. It is awarded every two years for empirical or theoretical applied research published in ''Econometrica'' during the previous five years. The award was named in honor of Ra ...

in 1980. He is perhaps most well known for his development of the Durbin-Wu-Hausman test, the first easy method allowing scientists to evaluate if their statistical models correspond to the data. He has done extensive work in the field of

telecommunication Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...

s, and is also recognized as an expert on antitrust and mergers,

public finance Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achiev ...

and

tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...

ation, and

regulation Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. Fo ...

. Hausman also serves as the director of the MIT Telecommunications Economics Research Program. His recent applied papers are on topics including the effect of new goods on economic welfare and their measurement in the

CPI A consumer price index (CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time. Overview A CPI is a statistic ...

, new telecommunications technologies including cellular 3G and

broadband In telecommunications, broadband is wide bandwidth data transmission which transports multiple signals at a wide range of frequencies and Internet traffic types, that enables messages to be sent simultaneously, used in fast internet connections. ...

, regulation of telecommunications and railroads, and competition in network markets. His recent econometrics papers include estimation of

difference in difference Difference in differences (DID or DD) is a statistical technique used in econometrics and quantitative research in the social sciences that attempts to mimic an experimental research design using observational study data, by studying the diffe ...

models, semi-parametric duration models
mixed logit model, weak instruments
and

errors in variables In statistics, errors-in-variables models or measurement error models are regression models that account for measurement errors in the independent variables. In contrast, standard regression models assume that those regressors have been measured e ...

in non-standard situations. Hausman received his

B.A. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four yea ...

from Brown University summa cum laude in 1968, and his

Ph.D. A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...

from Nuffield College,

Oxford University Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to th ...

, where he was a

Marshall Scholar The Marshall Scholarship is a postgraduate scholarship for "intellectually distinguished young Americans ndtheir country's future leaders" to study at any university in the United Kingdom. It is widely considered one of the most prestigious sc ...

, in 1973, with thesis titled ''Theoretical and empirical aspects of vintage capital models''.

Selected publications

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References

External links

Hausman's faculty page at MIT
{{DEFAULTSORT:Hausman, Jerry A. 21st-century American economists 20th-century American economists Fellows of the Econometric Society Econometricians Marshall Scholars Brown University alumni Alumni of Nuffield College, Oxford Fellows of Nuffield College, Oxford Living people MIT School of Humanities, Arts, and Social Sciences faculty 1946 births Distinguished Fellows of the American Economic Association