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?
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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
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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 |
House |
Not Available |
Cars |
Not Available |
Source of Income |
economist |
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Timeline
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.
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.
He was elected to the National Academy of Sciences in 1997.
Rosen died at the Bernard Mitchell Hospital on March 17, 2001, at the age of 62.
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.