Robert J. Shiller is a renowned economist and Nobel laureate whose contributions to the fields of financial markets, behavioral economics, and real estate have made him a household name in the world of economics.
He is the co-founder of the Case-Shiller index and the author of several influential works, including “Irrational Exuberance,” which examines the role of psychology in financial markets.
Recently, Robert James Shiller advised that we hold on with buying houses as prices are still very high, his comment generated some debates.
In this piece, we decided to share some facts about his life with you.
Robert James Shiller was born on March 29, 1946, in Detroit, Michigan. His father was an engineer and his mother was a teacher.
Shiller attended Kalamazoo College in Michigan, where he earned his undergraduate degree in economics.
He later received his Ph.D. from the Massachusetts Institute of Technology (MIT) in 1972.
After completing his Ph.D., Shiller went on to teach at several prestigious universities, including the University of Pennsylvania, Yale University, and Princeton University.
He is currently the Sterling Professor of Economics at Yale University, where he has been teaching since 1982.
Shiller’s research has focused on financial markets, behavioral economics, and real estate.
He is known for his work on asset bubbles, market inefficiencies, and the role of psychology in financial markets.
He is the co-founder of the Case-Shiller index, which is a widely used indicator of home values in the United States.
He is also the author of several influential works, including “Irrational Exuberance,” which examines the role of psychology in financial markets, and “Animal Spirits,” which discusses the psychological factors that drive economic decisions.
In 2013, Shiller was awarded the Nobel Prize in Economics for his contributions to behavioral economics.
The Nobel Committee cited his work on the “empirical analysis of asset prices” and his contributions to the “understanding of the origins of bubbles and crashes.”
Shiller is also a regular contributor to the New York Times and other media outlets, where he writes about economic topics and trends.
He has been recognized as one of the 100 most influential economists in the world by various publications, including Foreign Policy magazine.
Robert J. Shiller’s Wife: Who is Virginia Marie?
Shiller is married to Virginia Marie and the couple has two sons.
They met in 1974 at an M.I.T. folk dancing party while Shiller was visiting the National Bureau of Economic Research, Harvard University, and M.I.T. in Cambridge, Massachusetts.
Ginny pursued a Ph.D. in clinical psychology at the University of Delaware while Shiller commuted to work at the University of Pennsylvania.
In his biography, Shiller credits his achievements to his happy marriage, Ginny’s intellectual company, and her willingness to give him time to devote to his research while she took care of the household duties.