Jerry A. Hausman

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Definition of 'Jerry A. Hausman'

Jerry A. Hausman is an American economist and a professor of economics at the Massachusetts Institute of Technology. He is a specialist in econometrics and public economics. Hausman received his B.A. from the University of Chicago in 1966 and his Ph.D. from the University of California, Berkeley in 1971. He has held faculty positions at the University of California, Berkeley, the University of Chicago, and the University of Pennsylvania. He is a member of the National Academy of Sciences and the American Academy of Arts and Sciences.

Hausman's research has focused on the development of econometric methods for estimating causal effects in economics. He is best known for his work on instrumental variables estimation, which he developed with James Heckman. Instrumental variables estimation is a method for estimating the effect of a treatment on an outcome when the treatment is not randomly assigned. Hausman has also made contributions to the theory of public economics, including work on the optimal design of taxes and transfers.

Hausman has received numerous awards for his research, including the John Bates Clark Medal from the American Economic Association in 1980 and the Nobel Prize in Economics in 2007. He is a fellow of the Econometric Society and the American Academy of Arts and Sciences.

Hausman has served on the editorial boards of several leading economics journals, including the American Economic Review, the Journal of Political Economy, and the Review of Economic Studies. He is also a member of the board of directors of the National Bureau of Economic Research.

Hausman's research has had a significant impact on the field of economics. His work on instrumental variables estimation has become a standard tool for economists who want to estimate causal effects. His work on public economics has helped to improve the design of taxes and transfers. Hausman is a leading economist who has made important contributions to the field.

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