Marc Nerlove
Marc Leon Nerlove | |
---|---|
Born | Chicago, Illinois , U.S. | October 12, 1933
Years active | 1956–2016 |
Academic career | |
Institutions | |
Field | Agricultural economics, econometrics |
Alma mater | |
Doctoral advisor | Carl Christ |
Doctoral students |
|
Awards | John Bates Clark Medal (1969) |
Information at IDEAS / RePEc |
Marc Leon Nerlove (born 12 October 1933) is an American
A widely known contribution by Nerlove in econometrics is the estimator for the random effects model in panel data analysis, which is implemented in most econometric software packages.[5]
Personal life
Marc Leon Nerlove was born on 12 October 1933 in Chicago, Illinois to Dr. S. H. (Samuel Henry; 1902–1972) and Evelyn (1907–1987) Nerlove. S. H. Nerlove was born in Vitebsk, Russia (now Belarus) and brought to the US by his parents in 1904 and became a professor of business economics at the University of Chicago (c. 1922–1965) then the University of California, Los Angeles (1962–1969).[6] Evelyn Nerlove was born in Cambridge, Massachusetts and worked at the University of Chicago hospital and taught in the School of Social Service Administration until a university nepotism policy forced her to resign after their marriage in 1932 (although she “returned to her profession” in the 1950s).[7] S. H. and Evelyn Nerlove had two other children: Harriet Nerlove (c. 1937–2019), who became a clinical psychologist at Stanford University then in New York City,[8] and Sara “Sally” Nerlove (born c. 1942), who became an anthropologist before spending most of her working life as a program officer at the National Science Foundation (NSF).[9]
Nerlove credits his father for his interest in economics. In addition to being a business economist at Chicago and an early member of the Econometric Society, S. H. Nerlove “inadvertently” became the trustee of Security Life Insurance Company of America Trust (a large, bankrupt midwestern life insurance company) in 1933 during the Great Depression. This company “held mostly foreclosed farm mortgages,” with the farms now being “operated by their former owners as tenants”.[7] S. H. would share stories around the dinner table of his visits to these farms, since the family did not have one of their own in Hyde Park.
Nerlove married Mary Ellen Lieberman (d. 2011) in the 1950s and they had two daughters, Susan Nerlove (born c. 1958) and Miriam Nerlove (born c. 1960).[10] Miriam Nerlove become an author and illustrator of children’s books, including Who Is David with Evelyn Nerlove in 1985.[11] Marc and Mary Ellen Nerlove divorced in the 1970s, then he married Dr. Anke Meyer (born 1955), a German environmental economist who spent 23 years at the World Bank (1991–2014) and collaborated with him on some of his writings during this time.
Education
Nerlove attended the
Nerlove's MA thesis is The Predictive Test as a Tool for Research: The Demand for Meat in the United States[12] and his PhD dissertation is Estimates of the Elasticities of Supply of Corn, Cotton, and Wheat,[13] which was expanded and published in 1958 as The Dynamics of Supply: Estimation of Farmers' Response to Price.[14][15]
Teaching
Nerlove’s teaching career began in 1958 as a visiting lecturer then lecturer at JHU before being appointed to his first professorship in 1959 at the University of Minnesota. From there, he made stops at Stanford University (1960–1965), Yale University (1965–1969), the University of Chicago (1969–1975), Northwestern University (1974–1982), and the University of Pennsylvania (1982–1993) before retiring from the University of Maryland (1993–2016).[16] He also held many visiting appointments, including at Harvard University (1967–1968), four universities and research centers in Germany (University of Mannheim (1968), University of Bonn (1989), Zentrum für Europäische Wirtschaftsforschung (1997), and IZA Institute of Labor Economics (2002)[17]), the University of British Columbia (1971), Fundação Getulio Vargas in Brazil (1974–1978), and Australian National University (1982).
Other employment
Nerlove’s employment history also includes federal service. First, as an Analytical Statistician in the Agricultural Marketing Service at the United States Department of Agriculture (1956–1957), then, as a Lieutenant in the United States Army (1957–1959); he was drafted in 1957 then on loan from the Chemical Corps to the (US) Senate Subcommittee on Antitrust and Monopoly in 1958 as an economist at the request of Chairman Estes Kefauver.[18] In addition, Nerlove consulted for the RAND Corporation (1959–1989), Southern Pacific Company (1961), (US) President's Committee to Appraise Employment and Unemployment Statistics (1962),[19] World Bank (1979–1985), and International Food Policy Research Institute (1981–1986).
Professional service
Nerlove's history of professional service includes the Econometric Society (President, 1981),
Awards and honors
Nerlove’s awards include the John Bates Clark Medal (1969), a Fulbright Research Grant (1962–1963),[23] and two Guggenheim Fellowships (1962–1963; 1978–1979),[24] and he is a distinguished fellow of the American Agricultural Economics Association (1993)[25] and American Economic Association (2012).
Selected publications
Articles
- Nerlove, Marc (May 1956). "Estimates of the Elasticities of Supply of Selected Agricultural Commodities". American Journal of Agricultural Economics. 38 (2): 496–509. JSTOR 1234389. Retrieved February 8, 2022.
- Nerlove, Marc (May 1958). "Adaptive Expectations and Cobweb Phenomena". The Quarterly Journal of Economics. 72 (2): 227–240. JSTOR 1880597. Retrieved February 8, 2022.
- Nerlove, Marc; Arrow, Kenneth J. (May 1962). "Optimal Advertising Policy under Dynamic Conditions". Economica. 29 (114): 129–142. JSTOR 2551549. Retrieved February 8, 2022.
- Balestra, Pietro; Nerlove, Marc (July 1966). "Pooling Cross Section and Time Series Data in the Estimation of a Dynamic Model: The Demand for Natural Gas". Econometrica. 34 (3): 585–612. JSTOR 1909771. Retrieved February 8, 2022.
- Diebold, Francis X.; Nerlove, Marc (January–March 1989). "The dynamics of exchange rate volatility: A multivariate latent factor ARCH model". Journal of Applied Economics. 4 (1): 1–21. . Retrieved February 8, 2022.
Books
- Nerlove, Marc; Grether, David M.; Carvalho, Jose L. (1979). Analysis of Economic Time Series: A Synthesis. New York: Academic Press, Inc. ISBN 0-12-515750-9.
- Nerlove, Marc; Razin, Assaf; Sadka, Efraim (1987). Household and Economy: Welfare Economics of Endogenous Fertility. Orlando: Academic Press, Inc. ISBN 0-12-515752-5.
- Nerlove, Marc (2002). Essays in Panel Data Econometrics. Cambridge: Cambridge University Press. ISBN 978-0-521-81534-5.
References
- ^ "Marc L Nerlove". University of Maryland College of Agriculture & Natural Resources. Retrieved 2022-11-14.
- ^ "Marc Nerlove, Clark Medalist 1969". American Economic Association. 1969. Retrieved 2022-11-14.
- ^ "John Bates Clark Medal". American Economic Association. Retrieved 2022-11-14.
- ^ "Marc Nerlove, Distinguished Fellow 2012". American Economic Association. 2012. Retrieved 2022-11-14.
- .
- ^ Weston, J. Fred; Jacoby, N.; Hirshleifer, Jack (1975). "Samuel H. Nerlove, Management, Los Angeles". University of California, In Memoriam. University of California. pp. 110–112.
- ^ S2CID 121165463.
- ^ Peart, Andrew (2019). "University of Chicago Obituaries". University of Chicago Magazine. 111 (3). Retrieved 2022-11-14.
- ^ Nerlove, Sara. "Sara Nerlove". LinkedIn. Retrieved 2022-11-14.
- ^ "Death Notice: Mary Ellen Nerlove". Chicago Tribune. 7 August 2011. p. 37. Retrieved 2022-11-14.
- ^ Nerlove, Evelyn; Nerlove, Miriam (1985). Who Is David?: A Story of an Adopted Adolescent and His Friends. New York City: Child Welfare League of America.
- ^ Nerlove, Marc (1955). The Predictive Test as a Tool for Research: The Demand for Meat in the United States (MA). The Johns Hopkins University.
- ^ Nerlove, Marc (1956). Estimates of the Elasticities of Supply of Corn, Cotton, and Wheat (PhD). The Johns Hopkins University.
- ^ Nerlove, Marc (1958). The Dynamics of Supply: Estimation of Farmers' Response to Price. The Johns Hopkins University Studies in Historical and Political Science, ser. 76, no. 2. Baltimore: The Johns Hopkins University Press.
- ISBN 978-0-19-829287-6.
- ^ "People Section". Agricultural & Applied Economics Association Newsletter. 38. 2016. Retrieved 2022-11-14.
- ^ "Marc L. Nerlove". IZA Institute of Labor Economics. Retrieved 2022-11-14.
- ^ Marc L. Nerlove papers, 1930-2014, bulk dates 1947-2014. David M. Rubenstein Rare Book and Manuscript Library, Duke University.
- ^ United States, President's Committee to Appraise Employment and Unemployment Statistics (1962). Measuring Employment and Unemployment. Washington: U.S. Government Printing Office. p. 5.
- ^ "Past Officers & Council". The Econometric Society. Retrieved 2022-11-14.
- ^ "Past Members of the Executive Committee". American Economic Association. Retrieved 2022-11-14.
- ^ United States, Library of Congress, Congressional Research Service, Science Policy Research Division (1977). The Psychological and Social Sciences Research Support Programs of the National Science Foundation: A Background Report (PDF). Washington: U.S. Government Printing Office. p. 42.
- ^ "Marc Nerlove". Fulbright Scholar Program. Retrieved 2022-11-14.
- ^ "Marc Nerlove". John Simon Guggenheim Foundation. Retrieved 2022-11-14.
- ^ "Previous AAEA Fellows". Agricultural & Applied Economics Association. Retrieved 2022-11-14.