Justin Wolfers
Research Fellow

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too h Wolfers Justin Wolfers is a Professor of Economics and a Professor of Public Policy at the University of Michigan. He is also a senior fellow of the Brookings Institution, co-editor of the Brookings Papers on Economic Activity, a Research Associate with the National Bureau of Economic Research; a Research Fellow with the Institute for the Study of Labor (IZA) in Bonn; a Research Affiliate with the Centre for Economic Policy Research in London; an International Research Fellow with the Kiel Institute for the World Economy, and a Fellow of the CESifo, in Munich. He was previously a visiting professor at Princeton, an Associate Professor at Wharton, an Assistant Professor at Stanford Graduate School of Business, and an economist with the Reserve Bank of Australia.

Dr. Wolfers earned his Ph.D. in economics in 2001 from Harvard University, and was a Fulbright, Knox and Menzies Scholar. He earned his undergraduate degree in Economics his native Australia at the University of Sydney in 1994, winning the University Medal.

Wolfers' research focuses on labor economics, macroeconomics, political economy, law and economics, social policy and behavioral economics. Beyond research, he is a columnist for Bloomberg View, a sometime blogger for Freakonomics, and a commentator for public radio's Marketplace program. He is also a popular teacher, with many teaching awards to his name.

He joined IZA as a research fellow in November 2004.
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IZA Discussion Papers:
No. Author(s)
7945  Devin G. Pope
Joseph Price
Justin Wolfers
Awareness Reduces Racial Bias
7353  Betsey Stevenson
Justin Wolfers
Subjective Well‐Being and Income: Is There Any Evidence of Satiation?
(shorter version published in: American Economic Review: Papers & Proceedings, 2013, 103 (3), 598-604)
7309  Betsey Stevenson
Justin Wolfers
Subjective and Objective Indicators of Racial Progress
This paper has repeatedly been among the Top 10 monthly downloads. 
Daniel W. Sacks
Betsey Stevenson
Justin Wolfers
The New Stylized Facts about Income and Subjective Well-Being
(published in: Emotion, 2012, 12(6), 1181-1187 (lead article))
6720  Erik Snowberg
Justin Wolfers
Eric Zitzewitz
Prediction Markets for Economic Forecasting
(published in: Handbook of Economic Forecasting, 2013, 2A, 657-684)
5640  Erik Snowberg
Justin Wolfers
Eric Zitzewitz
How Prediction Markets Can Save Event Studies
(Published in: Leighton Vaughn Williams (ed), Prediction Markets, Routledge, 2011.)
5570  Betsey Stevenson
Justin Wolfers
Trust in Public Institutions over the Business Cycle
(published in: American Economic Review, 2011, 101 (3), 281-287)
5230  Daniel W. Sacks
Betsey Stevenson
Justin Wolfers
Subjective Well-Being, Income, Economic Development and Growth
(published in: The World Bank (ed.). Development Challenges in a Post-Crisis World, 2012)
4884  Erik Snowberg
Justin Wolfers
Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions?
(published in: Journal of Political Economy, 2010, 118 (4), 723-746)
4200  Betsey Stevenson
Justin Wolfers
The Paradox of Declining Female Happiness
(published in: American Economic Journal: Economic Policy, 2009, 1(2), 190–225)
3654  Betsey Stevenson
Justin Wolfers
Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox
(published in: Brookings Papers on Economic Activity, 2008, 1, 1-87)
3624  Betsey Stevenson
Justin Wolfers
Happiness Inequality in the United States
(published in: Journal of Legal Studies, 2008, 37 (s2), S33-S79)
2863  Joseph Price
Justin Wolfers
Racial Discrimination Among NBA Referees
(published in: Quarterly Journal of Economics, 2010, 125(4), 1859-1887)
2602  Betsey Stevenson
Justin Wolfers
Marriage and Divorce: Changes and their Driving Forces
(published in: Journal of Economic Perspectives, 2007, 21(2), 27-52)
2339  Laura Veldkamp
Justin Wolfers
Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement
(published in: Journal of Monetary Economics, 2007, 54 (s1), 37-55)
2092  Justin Wolfers
Eric Zitzewitz
Interpreting Prediction Market Prices as Probabilities
(published in: Robert Hahn and Paul Tetlock (eds), Information Markets: A New Way of Making Decisions in the Public and Private Sectors, AEI-Brookings Press, 2006)
1996  Erik Snowberg
Justin Wolfers
Eric Zitzewitz
Partisan Impacts on the Economy: Evidence from Prediction Markets and Close Elections
(published in: Quarterly Journal of Economics, 2007, 122 (2), 807-829)
1991  Justin Wolfers
Eric Zitzewitz
Prediction Markets in Theory and Practice
(published in: Larry Blume and Steven Durlauf (eds), The New Palgrave Dictionary of Economics, 2nd ed (London: Palgrave), 2007)
1975  Justin Wolfers
Eric Zitzewitz
Five Open Questions About Prediction Markets
1972  Andrew Leigh
Justin Wolfers
Competing Approaches to Forecasting Elections: Economic Models, Opinion Polling and Prediction Markets
(published in: Economic Record, 2006, 82 (258), 325-340)
1949  John J. Donohue III
Justin Wolfers
Uses and Abuses of Empirical Evidence in the Death Penalty Debate
(published in: Stanford Law Review, 2005, 58(3), 791-845)
1944  Justin Wolfers
Diagnosing Discrimination: Stock Returns and CEO Gender
(published in: Journal of the European Economic Association, 2006, 4 (2-3), 531-541)
1916  Andrew Leigh
Justin Wolfers
Happiness and the Human Development Index: Australia Is Not a Paradox
(published in: Australian Economic Review, 2006, 39 (2), 176-184)
1899  Refet S. Gürkaynak
Justin Wolfers
Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty and Risk
(published in: NBER International Seminar on Macroeconomics, 2005, 11 - 50)