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About the Author(s)

Stijn Van Nieuwerburgh

Stijn Van Nieuwerburgh is the Earle W. Kazis and Benjamin Schore Professor of Real Estate and Professor of Finance at Columbia University’s Graduate School of Business, which he joined in July 2018 after 15 years at New York University’s Stern School of Business.

His research lies in the intersection of housing, asset pricing, and macroeconomics. He studies the impact of remote work on real estate valuations, affordable housing policies, the impact of foreign buyers on the housing market, mortgage market design, regional house price inequality, and mortgage choice. Another strand of his research focuses on government debt and fiscal policy.

Professor Van Nieuwerburgh serves as president of the American Real Estate and Urban Economics Association and as board member of the American Finance Association. He is a research associate at the NBER, a fellow at the Center for European Policy Research, and a senior fellow at the Asian Bureau for Finance and Economics Research.

He is a former editor at the Review of Financial Studies. Van Nieuwerburgh was awarded the 15th Edition of the Bernácer Prize for his research on the transmission of shocks in the housing market to the macroeconomy and the prices of financial assets. In 2020, he won the TIAA Paul Samuelson Award for research on lifelong financial security for his work on combining life and health insurance.

He earned his PhD in economics (2003), Master’s in financial mathematics (2001), and Master’s in economics (2001) from Stanford University, and a BA in economics from the University of Ghent, Belgium (1998).


1. Flattening the Curve: Pandemic-Induced Revaluation of Urban Real Estate,” Gupta A, Mittal V, Peeters J, Van Nieuwerburgh S. NBER Working Paper 28675, April 2021, and Journal of Financial Economics 146(2), November 2022, pp. 594-636.   Go to ⤴︎
2. New Census data shows a huge spike in movement out of big metro areas during the pandemic,” Frey W. Brookings Institution, The Avenue blog post, April 14, 2022.   Go to ⤴︎
3. How Many Jobs Can Be Done at Home?” Dingel J, Neiman B. Journal of Public Economics 189, September 2020, Article 104235.   Go to ⤴︎
4. The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors,” Campbell J, Shiller R. Review of Financial Studies 1(3), July 1988, pp. 195–228.   Go to ⤴︎
5. Work from Home and the Office Real Estate Apocalypse,” Gupta A, Mittal V, Van Nieuwerburgh S. NBER Working Paper 30526, September 2022.   Go to ⤴︎
6. Why Working from Home Will Stick,” Barrero J, Bloom N, Davis S. NBER Working Paper 28731, April 2021.   Go to ⤴︎
7. The Remote Work Revolution: Impact on Real Estate Values and the Urban Environment,” Van Nieuwerburgh S. NBER Working Paper 30662, November 2022.     Go to ⤴︎
8. Take the Q Train: Value Capture of Public Infrastructure Projects,” Gupta A, Van Nieuwerburgh S, Kontokosta C. NBER Working Paper 26789, August 2020, and Journal of Urban Economics 129, May 2022, Article 103422.   Go to ⤴︎

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