Education
Mayer received a Bachelor in Mathematics and Economics from the University of Rochester in 1987 and a Doctor of Philosophy in Economics from Massachusetts Institute of Technology in 1993.
Mayer received a Bachelor in Mathematics and Economics from the University of Rochester in 1987 and a Doctor of Philosophy in Economics from Massachusetts Institute of Technology in 1993.
He is the Paul Milstein Professor of Real Estate at Columbia Business School, where he is also the Research Director of the Paul Milstein Center for Real Estate. In addition, he has also been a Visiting Scholar at the Federal Reserve Bank of New York, and Research Associate at the National Bureau of Economic Research. Mayer serves on the Board of Editors of Real Estate Economics and the Journal of Urban Economics and is a Fellow of the Homer Hoyt Institute.
Mayer previously held positions at the Wharton School, the University of Michigan, and the Federal Reserve Bank of Boston.
(By December, they had adjusted the proposed rate down to 45%) Mayer and Hubbard argued that the opportunity to refinance household debt at a low rate would improve both household and financial institution balance sheets which would then result in increased investment and consumer spending, mitigating the extent of the financial crisis. The proposal was subsequently debated in the Wall Street Journal, the New York Times, National Public Radio, and Bloomberg News.
On December 12, 2008, Bloomberg News reported that President-Elect Barack Obama"s economic team had expressed interest in the plan and White House economic chief Lawrence Summers had attempted to flesh out the details of the plan with Mayer and Hubbard.
He also works as part-time research director and member of the Board of Directors of Oak Hill Real Estate Investment Trust Management, a Real Estate Investment Trust hedge fund.