Sherwin Rosen

Background

Rosen, Sherwin was born on September 29, 1938 in Chicago, Illinois, United States. Son of Joe W. and Nell (Rudy) Rosen.

Education

Bachelor of Science, Purdue University, 1960. Master of Arts, University Chicago, 1962. Doctor of Philosophy, University Chicago, 1966.

Career

Assistant Professor, Association Professor, Professor, Kenan Professor of Economics, University Rochester, New York, 1967-1970, 1970-1975, 1975-1977. Visiting Professor, University Buffalo, 1970. Harvard University, 1972-1973, Columbia University, 1974, Stanford University, 1976.

Adjunct Scholar, American Enterprise Institute. Consultant, United States Department Labor,

Federal Communications Commission, United States Social Security Administration. Edwin A. and Betty L. Bergman Professor of Economics, University Chicago, Chicago, Illinois, United States of America, since 1977.

Editorial Boards, American Economic Review,

4, since 1982. Association Editor, Journal of Econometrics,

4. Review of Economics and Statistics, since 1973.

Econometrica, 1975-1984. Economics Letters, since 1978. Bell Journal of Economics, 1981-1983.

Rand J. Economics, since 1984. J Labor Econ,

.

Achievements

• Ford Foundation Dissertation Fellow, 1963-1964. National Bureau of Economie Research, New York, New York, United States of America, 1967. Senior Research Fellow, Fellow, Econometric Society, 1976.
  
  Visiting Scholar, Hoover Institute, Institution, Palo Alto, since 1983. Research Association National Opinion Research Center, 1977. Member, Conference Income and Wealth, 1978.

Works

• Other Work

  • A Disequilibrium Model of Demand for Factors of Production

    (A Disequilibrium Model of Demand for Factors of Productio...)

Views

Early work elaborated the role of production complementarities and adjustment costs for understanding demands for inputs in

time-series data, and demonstrated a buffer-inventory function for input utilisation rates in intertemporal resource allocation. From there I studied human capital accumulation, spelling out its behavioural implications for life-cycle earning dynamics, learning by experience, sequential job assignments, job mobility and educational selection. Theoretical and empirical work supports the idea that educational choices go along comparative advantage lines, requiring multifaceted concepts of ability rather than single-factor concepts such as IQ.

An overriding theme of almost all my work has been the analysis of spatial equilibrium in markets with heterogeneous goods and agents, showing how buyers and sellers are matched together and what inferences can be drawn from price and location data about the underlying structure of preferences and technology.

This work clarifies the nature of equilibrium in markets characterised by product differentiation, and its relationship to market structure. It also has many applications for labour economics and the theory of equalising differences. My own applications include estimation of the value of human life for risk-benefit assessments, the value of urban amenities and disamenities for quality of life indexes, and the nature of teacher preferences over racial and other characteristics of students.

I have recently turned to the microeconomics of incentive and other labour market contracts and their relation to the size distribution of income and output. I have also contributed to the measurement of trade union differentials, the analysis of social security and empirical connections between health and wealth. My current research concerns empirical problems in economic dynamics.

Membership

Fellow American Academy Arts and Sciences. Member National Academy of Sciences, American Economic Association (executive committee 1985-1988, vice president 1994, pres-elect 2000), Society of Labo Economists (president 2000).

Connections

Married Sharon Ginsberg, June 11, 1961. Children: Jennifer, Adria.

Father:

Joe W. Rosen

Mother:

Nell (Rudy) Rosen

Spouse:

Sharon Ginsberg

child:

Jennifer Rosen

child:

Adria Rosen