Richard K. Green
Professor
Director and Chair of the USC Lusk Center for Real Estate
Ralph and Goldy Lewis Hall 331BLos Angeles, CA 90089-0626
Email: richarkg@usc.edu
Phone: (213) 740-4093
Fax: (213) 740-6170
Ph.D. in Economics
University of Wisconsin-Madison
Expertise
Economics, housing markets, housing policy, tax policy, transportation, mortgage finance, urban growth
Biographical Sketch
Richard K. Green, Ph.D., is the Director of the USC Lusk Center for Real Estate. He holds the Lusk Chair in Real Estate and is Professor in the School of Policy, Planning, and Development and the Marshall School of Business.
Prior to joining the USC faculty, Dr. Green spent four years as the Oliver T. Carr, Jr., Chair of Real Estate Finance at The George Washington University School of Business. He was Director of the Center for Washington Area Studies and the Center for Real Estate and Urban Studies at that institution. Dr. Green also taught real estate finance and economics courses for 12 years at the University of Wisconsin-Madison, where he was Wangard Faculty Scholar and Chair of Real Estate and Urban Land Economics. He also has been principal economist and director of financial strategy and policy analysis at Freddie Mac. More recently, he was a visiting professor of real estate at the University of Pennsylvania's Wharton School, and he continues to retain an affiliation with Wharton. He is or has been involved with the Lincoln Institute of Land Policy, the Conference of Business Economists, the Center for Urban Land Economics Research, and the National Association of Industrial and Office Properties. Dr. Green also is a Weimer Fellow at the Homer Hoyt Institute, and a member of the faculty of the Selden Institute for Advanced Studies in Real Estate. He was recently President of the American Real Estate and Urban Economics Association.
Dr. Green earned his Ph.D. and M.S. in economics from the University of Wisconsin-Madison. He earned his A.B. in economics from Harvard University.
His research addresses housing markets, housing policy, tax policy, transportation, mortgage finance and urban growth. He is a member of two academic journal editorial boards, and a reviewer for several others. His work is published in a number of journals including the American Economic Review, Journal of Economic Perspectives, Journal of Real Estate Finance and Economics, Journal of Urban Economics, Land Economics, Regional Science and Urban Economics, Real Estate Economics, Housing Policy Debate, Journal of Housing Economics, and Urban Studies. His book with Stephen Malpezzi, A Primer on U.S. Housing Markets and Housing Policy, is used at universities throughout the country. His work has been cited or he has been quoted in the New York Times, The Wall Street Journal, The Washington Post, the Christian Science Monitor, the Los Angeles Times, Newsweek and the Economist, as well as other outlets. He recently gave a presentation at the 31st annual Federal Reserve Bank of Kansas City Economic Symposium, where his work was cited by Federal Reserve Chairman Ben Bernanke. The National Association of REALTORS, the Ford Foundation, and the Lincoln Institute for Land Policy have funded grants to support some of Dr. Green's research. He consults for the World Bank.
In 1995, Dr. Green was honored as "Teacher of the Year" by the University of Wisconsin Graduate Business Association, and soon thereafter was inducted into that University's Teaching Academy.
Publications
Green, R. and P. Hendershott, "Separating the Impacts of Age and Birth Date on Retail Sales"; Journal of Shopping Center Research; Forthcoming
Liu, y., G. Jabbour and R. Green, "The Performance of Default Risk Structural Models on Commercial Mortgages: An Empirical Investigation"; Journal of Fixed Income; Forthcoming
Green, R. and S. Wachter, "The Housing Finance Revolution"; Proceedings of the 31st Annual Federal Reserve Bank of Kansas City Economic Symposium; 2008
Green, R., R. Mariano, A. Pavlov and S. Wachter, "Mortgage Securitization in Asia: Gains and Barriers" in Takatoshi Ito and Andrew K. Rose, ed.; Financial Sector Development in the Pacific Rim, University of Chicago Press; 2008
Bradley, D., R. Green and B. Surette, "The Impacts of Remittances, Residency Status and Financial Attachment on Housing Tenure for Mexican-Heritage Americans: Inferences from a New Survey"; Real Estate Economics; 2007
Green, R., "Comment on An, Bostic, Deng, and Gabriel, GSE Loan Purchases, the FHA, and Housing Outcomes in targeted Low-Income neighborhoods"; Brookings-Wharton Papers on Urban Affairs; 2007
Green, R., "Comment on Stegman, et al.’s Preventive Servicing is Good for Business and Affordable Homeownership Policy"; Housing Policy Debate; 2007
Green, R., "Airports and Economic Development"; Real Estate Economics; 2007
Green, R. and S. Wachter, "The US Mortgage in Historical and International Contexts"; Journal of Economic Perspectives; 2005
Cutts, A. C. and R. Green, "Innovative Servicing Technology: Smart Enough to Keep People in Their Houses?" in Nicolas P. Retsinas and Eric S. Belsky, eds.; Building Assets, Building Credit, Brookings; 2005
Green, R., S. Malpezzi and S. Mayo, "Metropolitan-Specific Estimates of Price Elasticity of Supply of Housing, and Their Sources"; American Economic Review; 2005
Green, R. and S. Wachter, "The Uniqueness of the U.S. Mortgage"; Proceedings of 2004 Federal Reserve Bank of Chicago Bank Structure Conference; 2004
Green, R. and S. Malpezzi, "A Primer on U.S. Housing Markets and Housing Policy"; AREUEA Monograph, Urban Institute Press; 2003