Age, Biography and Wiki

John Rust was born on 23 May, 1955 in Wisconsin, is an American economist and econometrician (born 1955). Discover John Rust's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 68 years old?

Popular As N/A
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Age 68 years old
Zodiac Sign Gemini
Born 23 May 1955
Birthday 23 May
Birthplace Wisconsin
Nationality United States

We recommend you to check the complete list of Famous People born on 23 May. He is a member of famous economist with the age 68 years old group.

John Rust Height, Weight & Measurements

At 68 years old, John Rust height not available right now. We will update John Rust's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

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John Rust Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is John Rust worth at the age of 68 years old? John Rust’s income source is mostly from being a successful economist. He is from United States. We have estimated John Rust's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
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Source of Income economist

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1955

John Philip Rust (born May 23, 1955) is an American economist and econometrician.

John Rust was born in Wisconsin on May 23, 1955.

He graduated from

1973

Waukesha High School in 1973, completed B.A. in mathematics in 1977 at the

University of Pennsylvania, and received his Ph.D. in economics from

1977

After graduating from University of Pennsylvania in 1977, John

Rust worked as research analyst for Morgan Stanley in New York City for two years.

1983

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.

Massachusetts Institute of Technology in 1983.

His dissertation titled “Stationary Equilibrium in a Market for Durable Assets”

His first academic job was at the University of Wisconsin (assistant professor, 1983–1987, associate professor, 1987–1989, and full professor, 1990–1996), after which he had professorial

1985

under the supervision of Daniel McFadden was published as an Econometrica article in 1985.

1992

John Rust was awarded Frisch Medal in 1992

1993

and became the fellow of 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.

1995

Board of Governors, Federal Reserve System (research consultant, 1995),

1996

positions at Yale University (1996-2001) and University of Maryland (2001-2011) before

starting his current affiliation with Georgetown University.

John Rust had been affiliated with a number of governmental bodies, including

1998

Panel of Expert Reviewers of Social Security Administration’s MINT Model (member, 1998-1999),

Technical Panel of Social Security Advisory Board (member, 1998-1999),

1999

Social Security Administration (advisor for demonstration project resulting from the 1999 Work Incentives Improvement Act, 2000-2003).

2000

He has also been a member of Steering Committee of the Health and Retirement Study at University of Michigan (2000-2002),

2001

Long Term Modeling Advisory Group U.S. Congressional Budget Office (member, 2001-2004),

2004

senior advisor at The Brattle Group (since 2004) and

2005

fellow of TIAA-CREF Institute, New York (since 2005).