Jerry Nickelsburg

Adjunct Full Professor, UCLA Anderson Forecast

Phone: (310) 206-1132

Fax: (310) 206-9940

jerry.nickelsburg@anderson.ucla.edu

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Biography

Jerry Nickelsburg joined the UCLA Anderson Forecast in 2006 as a Senior Economist. At the Anderson Forecast he plays a key role in the economic modeling and forecasting of the National, and California economies and the Los Angeles, Bay Area and Southern California economies. He has conducted special studies into the future of manufacturing in Los Angeles, the distribution of income, the economic impact of the writer's strike, the aerospace industry, the undocumented construction and manufacturing labor force, the ports of Los Angeles and Long Beach and the garment industry, focusing on the development of new data and the application of economic theory and statistical methods to sectoral issues. His current academic research is on organizational and individual learning in manufacturing, and investment in specific skills. He is a regular presenter at Economic Conferences is regularly cited in the national media including the Financial Times, Wall Street Journal, New York Times, Los Angeles Times, and Reuters.

He received his Ph.D. in economics from the University of Minnesota in 1980 specializing in monetary economics and econometrics. He was formerly a professor of Economics at the University of Southern California and has held executive positions with McDonnell Douglas, Flight Safety International, and Flight Safety Boeing during a fifteen year span in the aviation business. He also held a position with the Federal Reserve Board of Governors developing forecasting tools, and has advised banks, investors and financial institutions.

From 2000 to 2006, he was the Managing Principal of Deep Blue Economics, a consulting firm he founded. He has been the recipient of the Korda Fellowship, USC Outstanding Teacher, India Chamber of Commerce Jubilee Lecturer and is a Fulbright Scholar. He has published over 100 articles on monetary economics, economic forecasts and analysis, labor economics, and industrial organization and he is the author of two books on monetary economics and exchange rates.

  • Jerry Nickelsburg and Jeffrey F. Timmons. (September 2011). Do people with specific skills want more social insurance? Not in the United States. [ Download ] [ Show Abstract ]
    Iversen and Soskice's asset-based theory of social preferences predicts that people with more specific-skills will prefer more social insurance. Market-based theories of social preferences, by contrast, suggest that specific skills should have no effect on preferences when labor markets use wages to adjust for differences in risks and investment costs. The Dictionary of Occupational Titles (DOT) has a vast quantity of high-quality data on specific and general skills. We use the DOT data found in the United States General Social Survey (GSS) and an updated series on skills to test whether or not individuals with more specific skills prefer more social insurance/redistribution. Our results with a variety of questions from the GSS show that individuals in the United States with more specific skills do not have a greater demand for social insurance/redistribution than those with more general skills. These results are not consistent with either Iversen and Soskice's asset-based theory of social preferences or their empirical findings for the United States. The results are consistent with theories that emphasize the role that wages perform in adjusting for risks and investment costs, however.