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John Rust
John Philip Rust (born May 23, 1955) is an American economist and econometrician. John Rust received his PhD from MIT in 1983 and taught at the University of Wisconsin, Yale University and University of Maryland before joining Georgetown University in 2012. John Rust was awarded the Frisch Medal in 1992 and became a fellow of the Econometric Society in 1993. John Rust is best known as one of the founding fathers of the structural estimation of dynamic discrete choice models and the developer of the nested fixed point (NFXP) maximum likelihood estimator which is widely used in structural econometrics. However, he had published papers on broad range of topics including equilibrium in the markets of durable goods, social security, retirement, disability insurance, nuclear power industry, real estate economics, rental car industry, transportation research, auction markets, computational economics, dynamic games. Education and career John Rust was born in Wisconsin on May 23, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microeconomics
Microeconomics is a branch of economics that studies the behavior of individuals and Theory of the firm, firms in making decisions regarding the allocation of scarcity, scarce resources and the interactions among these individuals and firms. Microeconomics focuses on the study of individual markets, sectors, or industries as opposed to the economy as a whole, which is studied in macroeconomics. One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses. Microeconomics shows conditions under which free markets lead to desirable allocations. It also analyzes market failure, where markets fail to produce Economic efficiency, efficient results. While microeconomics focuses on firms and individuals, macroeconomics focuses on the total of economic activity, dealing with the issues of Economic growth, growth, inflation, and unemployment—and with national policies relati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Pennsylvania
The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of founder and first president Benjamin Franklin, who had advocated for an educational institution that trained leaders in academia, commerce, and public service. The university has four undergraduate schools and 12 graduate and professional schools. Schools enrolling undergraduates include the College of Arts and Sciences, the University of Pennsylvania School of Engineering and Applied Science, School of Engineering and Applied Science, the Wharton School, and the University of Pennsylvania School of Nursing, School of Nursing. Among its graduate schools are its University of Pennsylvania Law School, law school, whose first professor, James Wilson (Founding Father), James Wilson, helped write the Constitution of the United States, U.S. Cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Engine
An engine or motor is a machine designed to convert one or more forms of energy into mechanical energy. Available energy sources include potential energy (e.g. energy of the Earth's gravitational field as exploited in hydroelectric power generation), heat energy (e.g. geothermal), chemical energy, electric potential and nuclear energy (from nuclear fission or nuclear fusion). Many of these processes generate heat as an intermediate energy form; thus heat engines have special importance. Some natural processes, such as atmospheric convection cells convert environmental heat into motion (e.g. in the form of rising air currents). Mechanical energy is of particular importance in transportation, but also plays a role in many industrial processes such as cutting, grinding, crushing, and mixing. Mechanical heat engines convert heat into work via various thermodynamic processes. The internal combustion engine is perhaps the most common example of a mechanical heat engine in wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Madison, Wisconsin
Madison is the List of capitals in the United States, capital city of the U.S. state of Wisconsin. It is the List of municipalities in Wisconsin by population, second-most populous city in the state, with a population of 269,840 at the 2020 United States census, 2020 census. The Madison metropolitan area had 680,796 residents. Centrally located on an isthmus between Lakes Lake Mendota, Mendota and Lake Monona, Monona, the vicinity also encompass Lakes Lake Wingra, Wingra, Lake Kegonsa, Kegonsa and Lake Waubesa, Waubesa. Madison was founded in 1836 and is named after American Founding Fathers of the United States, Founding Father and President James Madison. It is the county seat of Dane County. As the state capital, Madison is home to government chambers including the Wisconsin State Capitol building. It is also home to the University of Wisconsin–Madison, the flagship campus of the University of Wisconsin System. Major companies in the area include American Family Insurance, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brattle Group
The Brattle Group provides consulting services and expert testimony in economics, finance, and regulation to corporations, law firms, and public agencies. As of 2019, the company had offices in Boston, Brussels, Chicago, London, Madrid, New York City, Rome, San Francisco, Sydney, Toronto, and Washington, DC. Headquartered in Boston since 2017, its original headquarters was located on Brattle Street, in the Harvard Square district of Cambridge. An example of its work is the report presented in June 2023 at an event at the University of the West Indies in which reparations for slavery were estimated for the harms done both during and after the period of transatlantic chattel slavery at more than 100 trillion dollars. Brattle Prize in Corporate Finance The company presents the Brattle Prize each year at the American Finance Association's annual meeting. It is awarded for outstanding papers on corporate finance, published in the ''Journal of Finance''. Consultants *Daniel McFadde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Michigan
The University of Michigan (U-M, U of M, or Michigan) is a public university, public research university in Ann Arbor, Michigan, United States. Founded in 1817, it is the oldest institution of higher education in the state. The University of Michigan is one of the earliest American research universities and is a founding member of the Association of American Universities. In the fall of 2023, the university employed 8,189 faculty members and enrolled 52,065 students in its programs. The university is Carnegie Classification of Institutions of Higher Education, classified among "R1: Doctoral Universities – Very high research activity". It consists of nineteen colleges and offers 250 degree programs at the undergraduate and graduate levels. The university is Higher education accreditation in the United States, accredited by the Higher Learning Commission. In 2021, it ranked third among American universities in List of countries by research and development spending, research expe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Health And Retirement Study
The Health and Retirement Study (HRS) is a longitudinal survey of a representative sample of Americans over age 50 conducted by the Survey Research Center (SRC) at the Institute for Social Research (ISR) at the University of Michigan in Ann Arbor and supported by the National Institute on Aging (NIA). The study interviews approximately 20,000 respondents every two years on subjects like health care, housing, assets, pensions, employment and disability. The study is managed through a cooperative agreement (NIA U01AG009740) between the NIA, which provides primary funding, and the ISR, which administers and conducts the survey. Beginning in 2012, HRS began adding genetic information from consenting participants to its database. The economic measures captured by the data in the HRS are regarded as being of very high quality. As of 2025, HRS is led by co-directors David R. Weir and Kenneth M. Langa as well as associate director Jessica Faul, all of the University of Michigan. Purpos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Social Security Legislation (United States)
List of United States federal legislation--> * 1935 - Social Security Act, * 1939 - Social Security Amendments of 1939, * 1942 - Revenue Act of 1942, * 1943 - * 1943 - Revenue Act of 1943, * 1945 - Federal Insurance Contributions Act, * 1945 - Revenue Act of 1945, * 1946 - Social Security Amendments of 1946, * 1947 - Social Security Amendments of 1947, * 1948 - Provision for Exclusion of Certain Newspaper and Magazine Vendors from Social Security Coverage, * 1948 - Provision to Maintain Status Quo Concept of Employee, * 1950 - Social Security Amendments of 1950, * 1952 - Social Security Amendments of 1952, * 1954 - Social Security Amendments of 1954, * 1956 - Social Security Amendments of 1956, * 1958 - Social Security Amendments of 1958, * 1960 - Social Security Amendments of 1960, * 1961 - Social Security Amendments of 1961, * 1965 - Social Security Amendments of 1965, * 1966 - Tax Adjustment Act of 1966, * 1967 - Social Security Act Amendments, * 1969 - Ta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congressional Budget Office
The Congressional Budget Office (CBO) is a List of United States federal agencies, federal agency within the United States Congress, legislative branch of the United States government that provides budget and economic information to Congress. Inspired by California's California Legislative Analyst's Office, Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974. Whereas politicians on both sides of the aisle have criticized the CBO when its estimates have been politically inconvenient, economists and other academics overwhelmingly reject that the CBO is partisan or that it fails to produce credible forecasts. There is a consensus among economists that "adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security Advisory Board
The Social Security Advisory Board (SSAB) is an independent, bipartisan board of the Federal government of the United States, United States federal government. It was created by United States Congress, Congress and is appointed by the President of the United States, President and the Congress to advise the President, the Congress, and the Commissioner of Social Security on matters related to the Social Security (United States), Social Security and Supplemental Security Income programs. History In the United States in 1994, when Congress passed legislation establishing the Social Security Administration as an independent agency, it also created a seven-member bipartisan Board to advise the President, the Congress, and the Commissioner of Social Security on policies related to Social Security’s old-age, survivors, and disability insurance (OASDI) and Supplemental Security Income, Supplemental Security Income (SSI) programs. The legislation passed both Houses of Congress without opp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security Administration
The United States Social Security Administration (SSA) is an Independent agencies of the United States government, independent agency of the Federal government of the United States, U.S. federal government that administers Social Security (United States), Social Security, a social insurance program consisting of retirement, disability and survivor benefits. The Social Security Administration was established by the Social Security Act of 1935 and is codified in (). It was created in 1935 as the "Social Security Board", then assumed its present name in 1946. Its current leader is Commissioner Frank Bisignano. SSA offers its services to the public through 1,200 field offices, a website, and a national toll-free number. Field offices, which served 43 million individuals in 2019, were reopened on April 7, 2022 after being closed for two years due to the COVID-19 pandemic. SSA is headquartered in Woodlawn, Baltimore County, Maryland, Woodlawn, Maryland, just to the west of Baltimore, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve System
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Although an instrument of the U.S. government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the president or by anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms." Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
