justin wolfers wife

Betsey Stevenson and Justin Wolfers are the go-to pair on what some might call “lovenomics,” having produced much research on marriage, divorce and child-rearing. “The truth is, it was for me a really natural way of seeing the world,” she said. I particularly liked his joking around before the debate when Gene Epstein asked him how he met his American wife. Mr. Wolfers has been a co-author of papers on subjects as diverse as capital punishment and racial bias among N.B.A. But in light of the Gingrich affair â (which one? She persuaded her boss to let her cobble together vacation time to work on economic research about the effect of the Internet on job search behavior. “We’re experts about abstract notions, so my friends might call me and say, ‘How’s the economy doing?’ but not, ‘Should I get married?’ ”. Justin Wolfers is the pin-up boy for a new brand of economics. Matilda’s nanny has a master’s degree in education and draws an annual salary of $50,000. the one involving his wifeâs accusation that â¦ “It wasn’t what he said; it was his long hair,” she said. Are people in rich countries happier than people in poor countries? Mr. Blanchard, now at M.I.T., said that some economists bluff how much they know but that “my nose told me he knew the numbers.”, Ms. Stevenson knows the numbers, too. But Ms. Stevenson says she gives a lot of thought to how people feel in certain situations and how those feelings influence their behavior. “Betsey says, here are a set of benefits and costs, and they chose to do the emotional thing. Justin James Michael Wolfers, born in 1972, is an Australian economist and public policy scholar. Wolfers and Betsey Stevenson[8] have publicly discussed being in a Shared Earning/Shared Parenting relationship. Economists Betsey Stevenson and Justin Wolfers, based on findings in their research, argue that domestic violence and female suicide decline in states that legalize no-fault divorce. Mr. Wolfers had brought a six-pack of Newcastle Brown Ale and, as was the Aussie custom, planned to drink it all himself. D1,H31,I3,J1,K36,N3 ABSTRACT We document key facts about marriage and divorce, comparing trends through the past 150 years and outcomes across demographic groups and countries. Bollocks’ whenever I called on him.”, Mr. Wolfers later achieved star status at Harvard when Olivier Blanchard, then a visiting professor there, invited him to collaborate on research examining unemployment in Europe. “So for the next couple of weeks I called him ‘Mr. “Betsey used to tell this story as, ‘He was too good-looking to be an economist,’ ” he said. That’s what they do. “I was really put off by the fact that people with kids were less happy,” she said. “So now we are not married,” Mr. Wolfers joked, “but we both have jobs.”, Mr. Wolfers excelled at math from an early age and began studying economics in high school. Economics has clearly been good to them. Justin Wolfers was a worthy opponent and a clean debater. A recent graduate of The Kingâs College , he and his wife, Amber, are co-investigators of the âLove and Marriage in Middle Americaâ project, a qualitative study based on 100 interviews with young people about â¦ Although Mr. Wolfers acknowledged having “huge relationship phobia,” because of his parents’ divorce, the couple applied for dozens of jobs together and ended up accepting posts at Wharton. BOTH hew — one might even say passionately — to the data. Boby Michael, "IMF Lists 25 Brightest Young Economists", International Business Times, Peterson Institute for International Economics, Shared Earning/Shared Parenting relationship, "RePEc Genealogy page for Justin Wolfers", "Much-Watched Couple in Economics Lands at U. of Michigan", "25 years at the top of the HSC: What makes James Ruse special", http://www.brookings.edu/research/papers/2013/04/subjective-well-being-income, "The future of economics isn't so dismal", "Macmillan Learning announces publication date for new Stevenson, Wolfers economics textbooks", https://en.wikipedia.org/w/index.php?title=Justin_Wolfers&oldid=995343309, People educated at James Ruse Agricultural High School, Articles with unsourced statements from July 2019, Wikipedia articles with BIBSYS identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 20 December 2020, at 14:47. One might have expected marriage to disappear as its traditional benefits faded. He is a contributor to the New York Times (where he writes for The Upshot blog) and the Wall Street Journal, and was an editor of the Brookings Papers on Economic Activity from 2009 through Fall 2015. Yes, they say they disagree from time to time. His mother, Roslyn Wolfers, said she was bemused by this analysis. Justin James Michael Wolfers, born in 1972, is an Australian economist and public policy scholar. At first, he decided to forgo college, running for a bookie at a local racetrack. After all, Iâm just a straight-laced economist. They found that womenâs happiness levels had dropped over time in â¦ One of the problems with how economics is taught, Ms. Goldin said, is that “there aren’t people, there are agents, X’s and Y’s.” “Wouldn’t it be nice,” she added, “if our friends Betsey and Justin were writing a textbook that used all of their wealth of information about this real world in which people get married, get divorced, are happy and unhappy?”. But real economics takes account of emotions as well.”. He is professor of economics and public policy at the Gerald R. Ford School of Public Policy at the University of Michigan, and a Senior Fellow at the Peterson Institute for International Economics. A payroll tax cut is the politically most expedient way to shovel money to those who need it least. Until last September, Ms. Stevenson was the chief economist at the Labor Department, and has written influential papers on the effect of Title IX, which guarantees women equal access to academic and athletic programs, on women’s education and on future job success. Both describe their childhood experiences of divorce and unemployment as profoundly formative, professionally and personally. “Education was the only way out of a dreary strip-mall existence,” she said. [10], In 2019, he and his partner, fellow economist Betsey Stevenson, wrote two economics textbooks, Principles of Microeconomics and Principles of Macroeconomics, published by Macmillan Learning. They sifted through unemployment statistics to find the optimal population of potential nannies for Matilda: 20-something teachers. Earlier this month, North Carolina voted to prohibit the practice, and, for the first time, President Barack Obama clearly came out Those economists, Justin Wolfers and Betsey Stevenson, both at the University of Pennsylvania, analyzed data from several large-scale surveys that have tracked the general well-being of Americans and Europeans from as far back as 1972. That they are themselves a couple — unmarried, for tax reasons they regularly cite — adds to the allure. “Out of all my children he was, and still is, the most emotional,” Ms. Wolfers wrote in an e-mail. Mr. Wolfers, the second of six children, spent his early years in Sydney. Still, data alone can’t explain everything in life. “Our friends don’t see us as experts, God bless them,” he said. He is professor of economics and public policy at the Gerald R. Ford School of Public Policy at the University of Michigan, and a Senior Fellow at the Peterson Institute for International Economics. 1 Economics and Open Marriage January 24, 2012 @ 9:52am by Justin Wolfers (Photo: Charles Fettinger) I have to admit that it counts as one of the more bizarre requests of my scholarly life. By the time Wolfers was in year 12, Roslyn had found another house, but it only had two bedrooms: she got one, Justin got the other, and the rest of the family slept in the garage. “All of a sudden, ideas I had expressed before that had seemed sort of nutty made sense.”. He settled on Stanford Business School, where he was an assistant professor between 2001 â¦ Their home in Philadelphia, in a historic building that once housed an African-American publishing house, features soaring ceilings and custom iron work. Mr. Wolfers enrolled in the University of Sydney and went on to earn the University Medal in economics. Betsey Stevenson and Justin Wolfers NBER Working Paper No. [5] Wolfers attended James Ruse Agricultural High School (1985–1990). Justin Wolfers: To be honest, Iâm puzzled. Also interesting on the economics of marriage, here is Justinâs NY Times Op-Ed explaining trends in the marriage rate and the âhedonic modelâ of marriage proposed by Wolfers and Betsey Stevenson, i.e. (He used a more colorful word.). [citation needed], In 2007, he was named in David Leonhardt's column as one of 13 young economists who were the future of economics. Wolfers said that student loan people wouldnât spend much of the money. His parents went through a bitter divorce when he was 15, leaving the family dependent on government assistance for a while. Two-earner couples have become the norm, and families spend less time on housework. (She works Monday to Friday, 8 a.m. to 7 p.m.) The couple also have someone who drives them back and forth to Princeton and who cooks, does the laundry and snakes the drains when they are clogged. Their intellectual partnership soon blossomed. “That is something that can’t be taught. Suddenly, words like “inputs” and “outputs” — the economic kind — creep in. But this occasion was different. forbesindia.com â Home UpFront Global News An economist offers advice on the most urgent tasks that need to be done for the economy in the next presidential term By Justin Wolfers Published: Nov 7, 2020 Image: Al Drago/ The New York Times Dear Mr. President: The American people face enormous challenges. 12944 March 2007 JEL No. Mr. Wolfers, an iPad fan, wants to get rid of their print books. Their choice of topics tends to push people’s buttons and to grab the attention even of those who might ignore the latest figures on nonfarm payrolls or industrial capacity utilization. “To get a 10 percent increase in income, you need more dollars than when you are poor.”, Asked for comment, Mr. Easterlin declined to be interviewed but pointed out in an e-mail that their research excluded China and India. That may sound a little abstract, but economists Betsey Stevenson and Justin Wolfers discovered a chilling example of the way that the increased availability of divorce empowered women. What’s more, as countries become richer, their populations don’t become happier. Before Matilda arrived, Ms. Stevenson reviewed research on children and their effect on adult happiness. Economics pervades their personal lives. So she turned down a faculty position at the University of Michigan and moved to California with Mr. Wolfers, who had accepted a job at the Stanford business school. Biden’s top economic adviser warns the economy will be in ‘a much worse place’ without more aid. After Wellesley, she worked as a research assistant at the Federal Reserve, then left for Harvard to begin her Ph.D. So while it could appear that increases in happiness flattened out after incomes reached a certain point, “the richer you are, the more dollars it takes to give you the same increase in well-being,” Ms. Stevenson said. But she realized that many of the popular students in high school did not end up having the kind of adult life she wanted. “But somehow the story has gotten less generous.”. Matilda happily shoved pieces of fusilli pasta into her mouth. But at their home last month, their delight in their daughter was clear. Mr. Wolfers, above, and Ms. Stevenson, below, both describe their childhood experiences of divorce and unemployment as profoundly formative, both professionally and personally. First documented by the economist Richard Easterlin in the 1970s, this concept involves the link between economic growth and happiness. It also helps that they don’t fit the stereotypes of tweedy academics. Betsey Stevenson and Justin Wolfers 29 validity of alternative theories of why the divorce rate rose in the late 1960s and into the 1970s; unfortunately, such tests are mostly absent from the existing literature. They don’t really know.) In 2001, Wolfers met Yellen again, when she and husband Akerlof interviewed him for an academic job at Berkeley. Betsey Stevenson and Justin Wolfers, of the University of Michigan talk with EconTalk host Russ Roberts about their work on the relationship between income and happiness. They are now writing an introductory economics textbook. She headed for Wellesley College and eventually decided to study economics. You either have it or you don’t have it. From there, he joined Australia’s central bank. If you’re relatively affluent, as they are, they recommend outsourcing child care and domestic chores so you can spend your time on more leisure or economically worthwhile pursuits. When her father, a pilot, left the Air Force, he had trouble finding a job. [9] In 2014, he was named by International Monetary Fund as one of the 25 brightest young economists who are expected to shape the world's thinking about the global economy in the future. Specifically, they report that "states that adopted no-fault divorce experienced a decrease of 8 to 16 percent in wives' suicide rates and a â¦ Justin Wolfers @JustinWolfers. The first week on the job, he neglected to collect receipts on some of the bets he had placed with his boss’s money. And contrary to popular belief, they show that the divorce rate in America has been falling, not rising, for decades. In the attic is a home gym with a treadmill, a boxing bag, a recumbent bicycle and a flat-screen television. While divorce rates have â¦ (Why? Marriage and the Market by Betsey Stevenson and Justin Wolfers Betsey Stevenson and Justin Wolfers, economists at the Univesity of Pennsylvaniaâs Wharton School, âre-frame Coontzâs careful history of the family in the language of economics,â exploring the economic forces underlying changes â¦ Betsey Stevenson and Justin Wolfers are the go-to pair on what some might call âlovenomics,â having produced much research on marriage, divorce and child-rearing. If they don’t quite sound like the rest of us, that’s because these two Harvard Ph.D.’s form a sort of power couple in the world of the dismal science, or at least a certain corner of it. Jessica Kourkounis for The New York Times. “But there were these other factors.”, “I disagree with everything Betsey was just saying,” Mr. Wolfers said. Another reason they stand out is that they have a remarkable ability to render economic concepts in simple terms. Mr. Wolfers, who is Australian, looks like a nerdy surfer and tends to pull his chin-length blond hair into a ponytail. [6] He is noted for his research on happiness and its relation to income. Mr. Wolfers said that although he has an emotional side, “as an economist I’ve learned to squash it like hell.”. “She has a weird cleverness about how to use the data in the real world to answer the questions in front of us,” said Caroline M. Hoxby, who served as one of her thesis advisers and is now a professor at Stanford. In her third year there, a handsome Australian on a Fulbright scholarship arrived. Wolfers' research has explored the economics of sports, sports betting, prediction markets and the family. In their first jointly published paper, they examined what happened after states passed laws allowing one spouse to initiate a divorce. Before the debate, 49.21 percent of the audience voted for my side and 31.75 percent for Justinâ¦ Justin Wolfers is a nice guy with a sense of humor. Both are active on Twitter, where Ms. Stevenson lobs playful comments on the gender imbalances of academic economics. Normally in the Soho debates, of which this was one, both sides get votes from the previous undecided. Mention loading the dishwasher and he tosses out “fungibility.” The low cost of two big teddy bears they bought for Matilda gets Ms. Stevenson ruminating on productivity gains. He didnât get that job but was offered other coveted academic positions, including at Harvard, Yale and Columbia. Within a year, she was itching to get back to the academy. Ms. Stevenson grabbed a bottle and swigged it down. The authors' aim was to reflect a school of thought where "every decision a person makes as an economic decision" and offer examples students could relate to in order to better reflect the real world.[11]. “It’s not a profession that rewards modesty in any way.”. But when economists fall in love theyre not the same as the rest of us. The couple officially met at a party. It’s like a gene or something.”, Still, Ms. Stevenson said her self-esteem took a beating at Harvard. Wolfers is a Professor of Economics and Public Policy at the University of Michigan. “They’re terrific economists,” said N. Gregory Mankiw, the Harvard economics professor who taught the couple during graduate school, adding that he saw no evidence that their public profile had “affected the quality of their scientific work.” (Professor Mankiw is a contributor to the Economic View column in Sunday Business.). “I was the most self important 22-year-old you ever met,” Mr. Wolfers said. Justin Wolfers' homepage. The national discussion about same-sex marriage is heating up. (Yes.) So Ms. Stevenson asked her daughter about her afternoon at the playground. Instead, it has evolved. Mr. Wolfers has written about the joys of fatherhood: “It’s visceral; it’s real; it’s hormonal and it’s not in our economic models.”. Ms. Stevenson went to work for Forrester Research, the technology consulting firm. A glass-top Noguchi coffee table is in the living room, next to a white Jonathan Adler casting couch covered in a sheepskin throw from Costco. So far, the books have stayed — in custom-built shelves. But when Ms. Stevenson, 40, and Mr. Wolfers, 39, start talking about say, diapers or nursing, the conversation takes an odd turn. Ms. Stevenson has read the research suggesting that children go further educationally if they grow up surrounded by books. She is not allowed to eat any meat or sugar, not even in birthday cake. “Any attempts to hide his feelings, positive or negative, are doomed to failure. Some of the wagers went south and he was fired, although not before telling his boss, “You are extrapolating beyond good data.”. They have impressive degrees and serious careers and the social markers that go with them. “Mama,” Matilda interrupted, “stop talking about work.”. As @jasonfurman has noted, a 2% cut would yield $5,508 for a high-income couple, but â¦ They cite a number of possible reasons, including more balanced expectations between men and women about how a marriage will actually work, as well as the fact that fewer people are marrying in the first place. “It struck me that it was very blunt, but it also wasn’t a word that Americans use very much,” he said. [7], Wolfers moved to the University of Michigan as professor of economics and public policy beginning in fall 2012 with his partner, fellow economist Betsey Stevenson. But Mr. Wolfers says the couple’s friends generally know better. â Justin Wolfers (@JustinWolfers) June 24, 2016 A victory it was â for those who reject the political and economic policies of recent years. Hereâs a picture Justin shows to demonstrate the point (the gray bars are recessions). I also liked his Aussie humor about New Zealand. In an early class with Professor Mankiw, Mr. Wolfers took issue with one of his professor’s points, calling out, “That’s bollocks, Greg.”, Professor Mankiw still remembers the incident. Claudia Goldin, a Harvard labor economist and another of Ms. Stevenson’s advisers, says she hopes that her former student and Mr. Wolfers will balance a little more emotion with classic economics in the introductory textbook they are writing together. When a friend asked if she and her husband should move from the Upper East Side of Manhattan to the Upper West Side because they liked the West Side better, Ms. Stevenson explained the reasons that their decision might be economically unsound, even if it was the right choice emotionally. “Economists make very cold, calculating decisions and will come up with what looks like the rational best decision,” Ms. Stevenson said. Over dinner, he and Ms. Stevenson began discussing Republican attacks on President Obama’s economic policies. Everyone in the economics department quickly noticed Mr. Wolfers’s brash assurance. The New Yorker returns an award for its story on a Japanese rent-a-family business. Ms. Stevenson was an Air Force brat whose family hopscotched around the country before ending up in Yorktown, Va., not far from Newport News. I think he underestimates how much student loans â¦ Before long, he moved in. They found that in states that adopted such laws, women’s suicide rates dropped, domestic abuse declined and even the number of women being murdered by their husbands fell. My wife racked up $150k on a law degree (state school with residency) I have $50k in an undergrad in business (state school with non-resident) We will pay it back, eventually. At first, Ms. Stevenson dismissed him as a mere political scientist. He had a Fulbright Scholarship. Mr. Wolfers, kneading one of Ms. Stevenson’s pedicured feet, interrupted. Almost inevitably, a counter-attack was launched in the form of a 2008 paper by the husband and wife team of Betsey Stevenson and Justin Wolfers titled â Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox â and a subsequent follow-up in 2013 called â Subjective Well-Being â¦ I won, and in an unusual way. They have one child, but there are two strollers, a Bugaboo and a Bob baby jogger, parked in the front hall of their stylish home here. Something. ”, “ stop talking about work. ” paper, they say they from! People in poor countries time and across countries between income justin wolfers wife self-reported measures of happiness words like inputs. Matilda interrupted, “ I was really put off by the economist Richard in... Factors. ”, still, Ms. Stevenson has an irresistible laugh and clean... “ Our friends don ’ t what he said it, even educated fleas do it, bees it! 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