Gilhuly Family Professor in Economics
Bayer's research focuses on wide range of subjects including racial inequality and segregation, social interactions, housing markets, education, and crime. He has received numerous grants from the National Science Foundation, Social Science and Humanities Council of Canada, and the US Department of Education. His most recent work has been published in the Quarterly Journal of Economics, the Journal of Political Economy, the Journal of Environmental Economics, and American Economics Association P&P. He is currently working on projects that explore housing price dynamics, racial discrimination in home sales, dynamic equilibrium in a national system of cities, the microdynamics of neighborhood discrimination, and the impact of the racial composition of juries on criminal trial outcomes.
- Ph.D., Stanford University 1999
- B.A., Princeton University 1994
Bayer, P., S. Khan, and C. Timmins. “Nonparametric identification and estimation in a Roy model with common nonpecuniary returns.” Journal of Business and Economic Statistics 29, no. 2 (April 1, 2011): 201–15. https://doi.org/10.1198/jbes.2010.08083. Full Text
Arcidiacono, P., P. Bayer, and A. Hizmo. “Beyond signaling and human capital: Education and the revelation of ability.” American Economic Journal: Applied Economics 2, no. 4 (October 1, 2010): 76–104. https://doi.org/10.1257/app.2.4.76. Full Text Open Access Copy
Bayer, P., B. Ellickson, and P. B. Ellickson. “Dynamic asset pricing in a system of local housing markets.” American Economic Review 100, no. 2 (May 1, 2010): 368–72. https://doi.org/10.1257/aer.100.2.368. Full Text Open Access Copy
Bayer, P. J., B. D. Bernheim, and J. K. Scholz. “The effects of financial education in the workplace: Evidence from a survey of employers.” Economic Inquiry 47, no. 4 (October 1, 2009): 605–24. https://doi.org/10.1111/j.1465-7295.2008.00156.x. Full Text Open Access Copy
Bayer, P., N. Keohane, and C. Timmins. “Migration and hedonic valuation: The case of air quality.” Journal of Environmental Economics and Management 58, no. 1 (July 1, 2009): 1–14. https://doi.org/10.1016/j.jeem.2008.08.004. Full Text Open Access Copy
Bayer, P., R. Hjalmarsson, and D. Pozen. “Building criminal capital behind bars: Peer effects in juvenile corrections.” Quarterly Journal of Economics 124, no. 1 (February 1, 2009): 105–47. https://doi.org/10.1162/qjec.2009.124.1.105. Full Text Open Access Copy
Bayer, P., S. L. Ross, and G. Topa. “Place of work and place of residence: Informal hiring networks and labor market outcomes.” Journal of Political Economy 116, no. 6 (December 1, 2008): 1150–96. https://doi.org/10.1086/595975. Full Text Open Access Copy
Bayer, P., F. Ferreira, and R. McMillan. “A unified framework for measuring preferences for schools and neighborhoods.” Journal of Political Economy 115, no. 4 (October 23, 2007): 588–638. https://doi.org/10.1086/522381. Full Text Open Access Copy
Bayer, P., and C. Timmins. “Estimating equilibrium models of sorting across locations.” Economic Journal 117, no. 518 (March 1, 2007): 353–74. https://doi.org/10.1111/j.1468-0297.2007.02021.x. Full Text Open Access Copy
Bayer, P., and D. E. Pozen. “The effectiveness of juvenile correctional facilities: Public versus private management.” Journal of Law and Economics 48, no. 2 (October 1, 2005): 549–89. https://doi.org/10.1086/497526. Full Text Open Access Copy
Bayer, P., F. Ferreira, and R. McMillan. “Tiebout Sorting, Social Multipliers and the Demand for School Quality.” Nber Working Paper, 2009. Open Access Copy
Bayer, Patrick J., and Christopher Timmins. “A Note on the Equilibrium Properties of Locational Sorting Models,” July 2003.
Bayer, Patrick, Robert McMillan, and Kim Rueben. “An Equilibrium Model of Sorting in an Urban Housing Market,” n.d. Open Access Copy
Bayer, Patrick, and Robert McMillan. “Choice and Competition in Local Education Markets,” n.d.
Anwar, Shamena, Patrick Bayer, and Randi Hjalmarsson. “Jury Discrimination in Criminal Trials,” n.d.