Erik Hurst
Erik Hurst | |
|---|---|
| Nationality | American |
| Academic background | |
| Alma mater | Clarkson University (BS) University of Michigan (MA, PhD) |
| Academic work | |
| Discipline | Macroeconomics, Labor Economics, Urban Economics |
| Institutions | University of Chicago Booth School of Business |
| Website | |
Erik Hurst is an American economist. He is the Roman Family Distinguished Service Professor of Economics and the John E. Jeuck Faculty Fellow at the University of Chicago Booth School of Business. He also became an elected member of the American Academy of Arts and Sciences in 2024.[1]
Education
[edit]Hurst earned a Bachelor of Science degree in economics and finance from Clarkson University in 1993. He received his Master of Arts in economics in 1995 and a Ph.D. in economics in 1999 from the University of Michigan.[2]
Academic Career
[edit]Hurst began his academic career at the University of Chicago Booth School of Business in 1999 as an assistant professor. He was promoted to associate professor in 2003, professor in 2006, and held the V. Duane Rath Professorship of Economics from 2008 to 2019. From 2020 to 2024, he held the Frank P. and Marianne R. Diassi Distinguished Service Professorship.[3] Since January 2025, he has held the Roman Family Distinguished Service Professorship.[4] He is also the current John E. Jeuck Faculty Fellow.[5]
In addition to his faculty roles, Hurst served as Deputy Director of the Becker Friedman Institute for Research in Economics from 2017 to 2023, and as Director from 2024 to 2025.[6] Since 2018, he has been a visiting fellow at the Hoover Institution at Stanford University.[7]
Hurst is a member of the Economic Fluctuations and Growth group at the National Bureau of Economic Research, where he has organized the “Micro Data and Macro Models” session at the NBER Summer Institute annually since 2018.[8][9] He also serves on the advisory board of the Opportunity and Inclusive Growth Institute at the Federal Reserve Bank of Minneapolis.[10]
Research
[edit]Hurst’s research focuses on the intersection of macroeconomics, labor economics, and urban economics. He has studied topics such as declining male labor force participation, income and leisure inequality, consumption behavior over the life cycle, urban gentrification, nominal wage stickiness, inflation and the labor market, and liquidity constraints in small business formation.[11]
His co-authored paper, “The Allocation of Talent and U.S. Economic Growth” with Chad Jones, Chang-Tai Hsieh, and Pete Klenow, measured the economic gains from reduced discrimination and was widely cited, including in The New York Times.[12] His work with Mark Aguiar, Mark Bils, and Kerwin Kofi Charles on the labor supply of young men, published as “Leisure Luxuries and the Labor Supply of Young Men,” was featured in The Atlantic.[13]
Hurst has cited Gary Becker, Kevin Murphy, and Robert Hall as the economists who have most influenced his research.[14]
Editorial activities
[edit]Hurst has served as co-editor of several major economics journals, including the Journal of Economic Perspectives (2021–2023), the NBER Macroeconomics Annual (2018–2023),[15] and the Journal of Political Economy (2014–2017).[15]
Selected honors and awards
[edit]- Ewing Marion Kauffman Prize Medal from Ewing Marion Kauffman Foundation (2012)[16]
- TIAA-CREF Paul A. Samuelson Award (2006)[17]
- Emory Williams Award for Teaching Excellence (2008, 2010)[18]
- Faculty Excellence Award, Evening/Weekend MBA Program, University of Chicago Booth (2013)[19]
- McKinsey Award for Excellence in MBA Teaching (2017)[5]
- Fellow of the Econometric Society (since 2021)[20]
- Elected member of the American Academy of Arts and Sciences (2024)[21]
- Fellow of the IZA Institute of Labor Economics (since 2024)[22]
References
[edit]- ^ "Member Directory". American Academy of Arts and Sciences.
- ^ "Erik Hurst, AM '95 econ, PhD '99 econ, receives Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship | U-M LSA Department of Economics". University of Michigan.
- ^ "Twenty-two faculty receive named, distinguished service professorships | University of Chicago News". Uchicago.edu. 30 December 2019.
- ^ "Thirty-one UChicago faculty members receive named, distinguished service professorships in 2025". University of Chicago News. January 2025.
- ^ a b "Erik Hurst". Chicago Booth.
- ^ "Erik Hurst appointed director of the Becker Friedman Institute for Economics". University of Chicago News. 5 January 2024.
- ^ "Erik Hurst". Hoover Institution.
- ^ "SI 2018 Micro Data and Macro Models". NBER.
- ^ "SI 2025 Micro Data and Macro Models". NBER.
- ^ "Institute Economists". Federal Reserve Bank of Minneapolis.
- ^ Wallace, Alicia (23 December 2024). "Inflation was the cause, not the result, of the 'hot' labor market, research shows | CNN Business". CNN.
- ^ "Equal Rights Make Sense for U.S. Economy". The New York Times. 18 May 2012.
- ^ "The Free-Time Paradox in America". The Atlantic. 13 September 2016.
- ^ "Erik Hurst". Federal Reserve Bank of Richmond.
- ^ a b "Erik Hurst Joins Macroeconomics Annual Editorial Team". NBER.
- ^ "The Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship". Kauffman.org. 14 December 2019.
- ^ "Previous winners of the TIAA Paul A. Samuelson Award For outstanding scholarly writing on lifelong financial security". TIAA.
- ^ "Chicago Booth teaching awards". University of Chicago News. 24 June 2010.
- ^ "Faculty members honored for excellence in graduate-level teaching". University of Chicago News. 25 July 2013.
- ^ "Current Fellows". Econometric Society.
- ^ "Member Directory". American Academy of Arts and Sciences.
- ^ "Erik Hurst". IZA.
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