Jerry A. Hausman
Candlefocus EditorJerry Hausman began his career in economics in the 1970s. After earning his PhD in economics from the University of Pennsylvania in 1974, he swiftly established himself as a leader in the fields of applied microeconometrics and industrial organization. A professor at MIT since 1975, Hausman’s most notable contribution to the field of applied econometric analysis is the Durbin-Wu-Hausman test, which measures the suitability of a particular model to fit a given data set. This statistical test, known simply as the DWH test, or the Hausman test, has become an important tool in the study of economics.
Aside from teaching and research, Hausman has been active in the policy and public sector. He was appointed Associate Director of the Council of Economic Advisors in 1978 and also worked as Chief Economist at the Federal Communications Commission (FCC). In both roles, he has contributed to the formulation of economic policy which often has direct implications on the field of economics
In terms of his academic work, Jerry Hausman is best known for his capital market research, public policy analysis, and health economics. Recent research includes a focus on the economics of the telecommunications industry, pricing analysis for prescription drugs as well as the estimation of price indexes.
To date, Jerry A. Hausman has authored numerous articles, books, and papers that make significant contributions to the fields of economics and applied econometrics. He is considered among one of the most respected and influential professors in the field and has won multiple awards from the National Science Foundation, the Sloan Foundation, and the American Economic Association.
In short, Hausman's contributions to economics and econometrics have been widespread and lasting. His work has played an integral role in the analysis and study of economics, public policy and the telecommunications industry. Jerry Hausman is an impressive example of the value of knowledge and experience in the world of economics.