Dr. Jerry A. Hausman, professor of economics and one of the world's leading econometricians, has been named to the John and Jennie S. MacDonald Chair by Provost Mark S. Wrighton.
"Jerry Hausman's pioneering research on econometric methodology and his outstanding work in applied economics are the daily bread of econometrics courses throughout the world," said Dean Philip S. Khoury of the School of Humanities and Social Science. "The Hausman specification test provided the first practical way to test whether a statistical model is in accord with the data."
"Professor Hausman is an outstanding teacher," Dean Khoury added. "He has trained class after class of econometricians in his blend of scientific rigor and policy relevance."
Professor Hausman received the Frisch Medal of the Economics Society in 1980 and the John Bates Clark Award of the American Econometric Association, given every two years to the single most prominent economist under the age of 40, in 1985.
He is director of MIT's Telecommunications Business and Economics Program. He is a member of the committee to revise the US Trade Statistics and the Massachusetts Governor's Advisory Committee on Taxation. He is a Fellow of the Econometrics Society and of the American Academy of Arts and Sciences.
Professor Hausman joined the MIT faculty as an assistant professor in 1973, and was promoted to professor in 1979. He received his AB from Brown University in 1968 and DPhil from Oxford University in 1972, where he was a Marshall Scholar.
A version of this article appeared in the January 8, 1992 issue of MIT Tech Talk (Volume 36, Number 16).