Rust is best known for developing methods for analyzing dynamic discrete choice. Research and contributions Dynamic discrete choice models įurther information: Dynamic discrete choice Senior advisor at The Brattle Group (since 2004) andįellow of TIAA-CREF Institute, New York (since 2005). He has also been a member of Steering Committee of the Health and Retirement Study at Social Security Administration (advisor for demonstration project resultingįrom the 1999 Work Incentives Improvement Act, 2000-2003). Congressional Budget Office (member, 2001-2004), Technical Panel of Social Security Advisory Board (member, 1998-1999), Panel of Expert Reviewers of Social Security Administration’s MINT Model (member, 1998-1999), John Rust had been affiliated with a number of governmental bodies, includingīoard of Governors, Federal Reserve System (research consultant, 1995), Starting his current affiliation with Georgetown University. Positions at Yale University (1996-2001) and University of Maryland (2001-2011) before
His first academic job was at the University of Wisconsin (assistant professor, 1983-1987,Īssociate professor, 1987-1989, and full professor, 1990-1996), after which he had professorial Rust worked as research analyst for Morgan Stanley in New York City for two years. Īfter graduating from University of Pennsylvania in 1977, John Under the supervision of Daniel McFadden was published as Econometrica article in 1985. His dissertation titled “Stationary Equilibrium in a Market for Durable Assets” Massachusetts Institute of Technology in 1983. University of Pennsylvania, and received his Ph.D. Waukesha High School in 1973, completed B.A. John Rust was born in Wisconsin on May 23, 1955.
4.1 Solution and estimation of structural dynamic models.Social security, retirement, disability insurance, However, he had published papers on broad range of topics includingĮquilibrium in the markets of durable goods, Structural estimation of dynamic discrete choiceĪnd the developer of the nested fixed point (NFXP) maximum likelihood estimator which is widely used John Rust is best known as one of the founding fathers of the John Rust was awarded Frisch Medal in 1992Īnd became the fellow of Econometric Society in 1993. 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 Philip Rust (born May 23, 1955) is an American economist and econometrician.
Stationary Equilibrium in a Market for Durable Assets Structural estimation of dynamic discrete choice models Massachusetts Institute of Technology, PhD (1983)