Age, Biography and Wiki

Sherwin Rosen was born on 29 September, 1938 in Chicago, Illinois, US, is an American economist. Discover Sherwin Rosen'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 63 years old?

Popular As N/A
Occupation N/A
Age 63 years old
Zodiac Sign Libra
Born 29 September, 1938
Birthday 29 September
Birthplace Chicago, Illinois, US
Date of death 2001
Died Place South Side, Chicago, US
Nationality United States

We recommend you to check the complete list of Famous People born on 29 September. He is a member of famous economist with the age 63 years old group.

Sherwin Rosen Height, Weight & Measurements

At 63 years old, Sherwin Rosen height not available right now. We will update Sherwin Rosen'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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Sherwin Rosen Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Sherwin Rosen worth at the age of 63 years old? Sherwin Rosen’s income source is mostly from being a successful economist. He is from United States. We have estimated Sherwin Rosen'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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Timeline

1938

Sherwin Rosen (September 29, 1938 – March 17, 2001) was an American labor economist.

He had ties with many American universities and academic institutions including the University of Chicago, the University of Rochester, Stanford University and its Hoover Institution.

At the time of his death, Rosen was Edwin A. and Betty L. Bergman Distinguished Service Professor in Economics at the University of Chicago and president of the American Economic Association.

1960

Rosen received his B.S. in economics from Purdue University in 1960, his M.A. and Ph.D. in economics from the University of Chicago in 1962 and 1966 respectively.

He was chair of the Economics department at the University of Chicago and colleague to an impressive range of celebrated economists including friend Gary S. Becker.

1997

He was elected to the National Academy of Sciences in 1997.

2001

Rosen died at the Bernard Mitchell Hospital on March 17, 2001, at the age of 62.

2013

As Palda wrote in 2013 "In his 1974 and 1986 articles Sherwin Rosen asked what would happen if you were limited in how you could move about through characteristics space. Rosen pointed out that sometimes when buying a product with several underlying characteristics you could not just go out and span characteristics space by buying a bit of another product with the same characteristics but in different proportions. The reason was that sometimes when you buy something, you are selling something at the same time and are able to sell uniquely to one purchaser. Recombining goods to balance characteristics to suit your tastes is not possible. Rosen called such exchanges tied-sales."

Rosen showed that tied sales could lead to the segregation of people by their types.

He argued that the worst effects of segregation could be palliated by a market that resolved supply and demand of complicated tied sales situations through a monetary payment he called an "equalizing difference".

This work led to many unexpected insights on the effects of government policy.

For example, the minimum wage might not decrease employment, as economists commonly believed, but it might induce employers to provide less on-the-job training to employees.

In addition to implications for policy, Rosen's analysis of choice in characteristics space with tied sales specified the conditions under which the parameters of demand and supply function parameters for the underlying characteristics of goods could be deduced from so-called hedonic regressions.