Erik Hurst
5807 S. Woodlawn Ave Updated: Jully 2008
Chicago, IL 60637
http://faculty.chicagogsb.edu/erik.hurst/research/
Education
Ph.D.,
Economics:
M.A., Economics:
B.S., Economics/Finance: Clarkson
University - Potsdam, New York (1993).
Employment
University of Chicago, Graduate School of Business, V. Duane Rath Professor of Economics (July 2008 – present).
University of Chicago, Graduate School of Business, Professor of Economics (July 2006 – June 2008).
University of Chicago, Graduate School of Business, Associate Professor of Economics (July 2003 – June 2006).
University of Chicago, Graduate School of Business, Assistant Professor (July 1999 – June 2003).
Journal Publications
“Conspicuous Consumption and Race” (with Kerwin Charles and Nick Roussanov), Quarterly Journal of Economics (forthcoming).
“The Importance of Business Owners in Assessing the Size of Precautionary Savings” (with Anna Lusardi, Arthur Kennickell, and Francisco Torralba), Review of Economics and Statistics, forthcoming.
“Parental Time Spent with Children and Parental Education” (with Jon Guryan and Melissa Kearney), Journal of Economic Perspectives (forthcoming).
“A Summary of Trends in U.S. Time Use: 1965-2005” (with Mark Aguiar), Social Indicators Research (forthcoming).
“Rates for Vehicle Loans: Race and Loan Source” (with Kerwin Charles and Mel Stephens), American Economic Review Papers and Proceedings, 98(2), 315-20.
“Lifecycle Production and Prices” (with Mark Aguiar), American Economic Review, December 2007, 97(5), 1533-59.
“Measuring Trends in Leisure: The Allocation of Time Over Five Decades” (with Mark Aguiar). Quarterly Journal of Economics, August 2007, 122(3). 969-1006.
“Social
Security and Unsecured Debt” (with Paul Willen), Journal of Public Economics, August 2007, 91(7-8), 1273-1297.
“Do Welfare Asset Limits Affect Household Saving? Evidence from Welfare Reform” (with Jim Ziliak) Journal of Human Resources, Winter 2006, 41(1), 46-71.
“Consumption vs Expenditure” (with Mark Aguiar). Journal of Political Economy, October 2005, 113(5), 919-948.
“Home is Where the Equity is: Mortgage Refinancing and Household Consumption” (with Frank Stafford). Journal of Money, Credit and Banking, December 2004, 36(6), 985-1014.
"Liquidity Constraints, Wealth Accumulation, and Entrepreneurship" (with Anna Lusardi). Journal of Political Economy, April 2004, 112(2), 319-347.
Journal Publications (continued)
"The Correlation of Wealth Across Generations" (with Kerwin Charles). Journal of Political Economy, December 2003, 111(6), 1155-1182.
"The Consumer Bankruptcy Decision" (with Scott Fay and Michelle White). American Economic Review, June 2002, 92(3), 706-718.
“The Transition to Home Ownership and the Black/White Wealth Gap” (with Kerwin Charles). Review of Economics and Statistics, May 2002, 84(2), 281-297.
“Testing the (S,s) Model” (with Christopher Foote and John Leahy). American Economic Review Papers and Proceedings. May 2000, 90(2), 116-119.
“Wealth Dynamics of American Families: 1984 - 1994” (with Frank Stafford and Ming-Ching Luoh). Brookings Papers on Economic Activity 1: 1998.
Book Entries
and Conference Volumes
“Leisure Inequality” (with Mark Aguiar) forthcoming in American Enterprise Institute series on changing inequality in the U.S.
“Understanding
Consumption in Retirement: Recent
Developments”, in Recalibrating Retirement Spending and Saving (eds,
John Ameriks and Olivia Mitchell), Oxford University Press, September 2008.
“The Permanent Income Hypothesis” (with Mark Aguiar), in New Palgrave Dictionary of Economics (2nd Edition) (eds. Steven Durlauf and Lawrence Blume), Palgrave Macmillan, 2008.
“Liquidity Constraints and Entrepreneurship. Household Wealth, Parental Wealth, and the Transition In and Out of Entrepreneurship” (with Annamaria Lusardi), in Overcoming Barriers to Entrepreneurship in the United States (ed. Diana Furchtgott-Roth), Lexington Books, 2008
“Limits to Fed
Policy: Household Mortgage Collateral
Constraints - Ex Ante and Ex Post” (with Frank Stafford). The
Economic Outlook for 1997. 44th
Annual Conference on the Economic Outlook,
Completed Working Papers
“Deconstructing Lifecycle Expenditure” (with
Mark Aguiar)
“Grasshoppers, Ants and Pre-Retirement Wealth”, resubmission invited to Journal of Human Resources.
“The Nature and Consequences of Marital
Sorting by Parental Wealth” (with Kerwin Charles and Liqian Ren)
Professional Affiliations
National Bureau of Economic Research: Economic Fluctuations Group (starting Spring 2003), Aging Group (starting Spring 2003), Public Economics Group (starting Spring 2003)
Research Awards
Recipient of the 2007 TIAA-CREF Paul Samuelson Award for best paper on lifelong financial security for “Consumption vs. Expenditure” (with Mark Aguiar).
Neubauer Faculty Fellow (2006-2008).
John Huizinga Faculty Fellow (2005-2006). Inaugural recipient.
Charles E. Merrill Scholar (2005-2006). Given to University of Chicago, GSB faculty who conduct promising research in the area of policy studies.
William Ladany Research Award (2001-2002). Given to University of Chicago, GSB junior faculty with promising research potential.
Teaching Awards
Recipient of the Chicago GSB 2008 Emory Williams Award for Teaching Excellence. Award is bestowed by the students to one faculty member each year.
Grants Received
“Consumption over the Lifecycle”. (with Mark Aguiar). Michigan Retirement Research Center, October 2007 - September 2008.
“Household Planning for Retirement: A Lifecycle Analysis”.
“Welfare Reform and Household Saving” (with James Ziliak). Department of Health and Human Services Grant No. 00ASPE355A. October 2000 - October 2001.
Referee
American Economic Review Econometrica
Quarterly Journal of Economics Journal of Law and Economics
Journal of Human Resources Journal of Political Economy
Review of Economics and Statistics The Review of Income and Wealth
Journal of Monetary Economics
National Tax Journal Journal of Development Economics
European Economic Review Economic Inquiry
Journal of Public Economics Journal of Money, Credit and Banking
Real Estate Economics Economic Journal
Review of Economic Studies