Patrick Bayer | Scholars@Duke

Patrick Bayer
Gilhuly Family Distinguished Professor in Economics

Bayer's research focuses on wide range of subjects including racial inequality and segregation, social interactions, housing markets, education, and criminal justice. His most recent work has been published in the Quarterly Journal of Economics, American Economic Review, Econometrica, and the Review of Financial Studies. He is currently working on projects that examine jury representation and its consequences, the intergenerational consequences of residential and school segregation, neighborhood tipping, gentrification, the effect of police and criminal justice interactions on families, and the impact of bail reform.

Current Appointments & Affiliations

Gilhuly Family Distinguished Professor in Economics, Economics, Trinity College of Arts & Sciences 2018
Professor of Economics, Economics, Trinity College of Arts & Sciences 2009
Associate Chair of Economics, Economics, Trinity College of Arts & Sciences 2020
Faculty Research Scholar of DuPRI's Population Research Center, Duke Population Research Center, Duke Population Research Institute 2010

Contact Information

236 Social Sciences, Box 90097, Durham, NC 27708
Box 90097, Durham, NC 27708-0097
patrick.bayer@duke.edu (919) 660-1800
Personal Website

Background
Education, Training, & Certifications
- Ph.D., Stanford University 1999
- B.A., Princeton University 1994
Previous Appointments & Affiliations
- Chairman, Department of Economics, Economics, Trinity College of Arts & Sciences 2009 - 2015
- Associate Professor of Economics, Economics, Trinity College of Arts & Sciences 2006 - 2009
Recognition
In the News
- MAY 31, 2016 The Washington Post
  
  Does an All-White Jury Matter?
- MAY 31, 2016 The Washington Post
  
  The Difference an All-White Jury Makes
- MAR 1, 2016 The Conversation
  
  How Women Change Outcomes in Courtrooms and Beyond
- MAR 1, 2016 The Conversation
  
  Patrick Bayer, co-author: How women change outcomes in courtrooms and beyond
- NOV 2, 2015
  
  Racial Bias Still Plagues U.S. Court System, Experts Say
- APR 22, 2013
  
  Study Finds Minorities Pay More for Housing Than Whites
Awards & Honors
- Economic Inquiry, Best 2009 Article Award for Bayer, Bernheim and Scholz, “Financial Education in the Work Place. Unknown. 2010
- Researcher (NBER Family Members). National Bureau of Economic Research. 2004
Expertise
Subject Headings
- Discrimination
- Housing
- Jury
- Race
- Verdicts
Global Scholarship
- Expertise
  - United States of America (Country)
- Research
  - United States of America (Country)
Research
Selected Grants
- CC*Data: ImPACT - Infrastructure for Privacy-Assured compuTations awarded by University of North Carolina - Chapel Hill 2017 - 2022
- Large State Space Issues in Dynamic Models awarded by National Science Foundation 2011 - 2014
- Collaborative Research: Asymptotic Properties for Partially Identified Models awarded by National Science Foundation 2006 - 2013
Publications & Artistic Works
Selected Publications
- Academic Articles
  - Bayer, P., and K. K. Charles. “Divergent paths: A new perspective on earnings differences between black and white men since 1940.” Quarterly Journal of Economics 133, no. 3 (January 1, 2018): 1459–1501. https://doi.org/10.1093/QJE/QJY003.
    Full Text
  - Bayer, P., M. Casey, F. Ferreira, and R. McMillan. “Racial and ethnic price differentials in the housing market.” Journal of Urban Economics 102 (November 1, 2017): 91–105. https://doi.org/10.1016/j.jue.2017.07.004.
    Full Text
  - Arcidiacono, P., P. Bayer, J. R. Blevins, and P. B. Ellickson. “Estimation of dynamic discrete choice models in continuous time with an application to retail competition.” Review of Economic Studies 83, no. 3 (July 1, 2016): 889–931. https://doi.org/10.1093/restud/rdw012.
    Full Text
  - Bayer, P., R. McMillan, A. Murphy, and C. Timmins. “A Dynamic Model of Demand for Houses and Neighborhoods.” Econometrica 84, no. 3 (May 1, 2016): 893–942. https://doi.org/10.3982/ECTA10170.
    Full Text
  - Bayer, P., F. Ferreira, and S. L. Ross. “The Vulnerability of Minority Homeowners in the Housing Boom and Bust.” American Economic Journal: Economic Policy 8, no. 1 (February 2016): 1–27. https://doi.org/10.1257/pol.20140074.
    Full Text Open Access Copy
  - Anwar, S., P. Bayer, and R. Hjalmarsson. “Politics in the Courtroom: Political Ideology and Jury Decision Making.” Economic Research Initiatives at Duke (Erid), no. 187 (April 1, 2015).
  - Anwar, S., P. Bayer, and R. Hjalmarsson. “The Role of Age in Jury Selection and Trial Outcomes.” The Journal of Law and Economics 57, no. 4 (November 2014): 1001–30. https://doi.org/10.1086/675257.
    Full Text Open Access Copy
  - Arcidiacono, P., P. Bayer, F. A. Bugni, and J. James. “Approximating High-Dimensional Dynamic Models: Sieve Value Function Iteration.” Advances in Econometrics 31 (January 1, 2013): 45–95. https://doi.org/10.1108/S0731-9053(2013)0000032002.
    Full Text Open Access Copy
  - Bayer, P., and R. McMillan. “Tiebout sorting and neighborhood stratification.” Journal of Public Economics 96, no. 11–12 (December 1, 2012): 1129–43. https://doi.org/10.1016/j.jpubeco.2012.02.006.
    Full Text
  - Anwar, S., P. Bayer, and R. Hjalmarsson. “The impact of jury race in criminal trials.” Quarterly Journal of Economics 127, no. 2 (May 1, 2012): 1017–55. https://doi.org/10.1093/qje/qjs014.
    Full Text
  - 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
  - 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
  - Arcidiacono, Peter, Patrick Bayer, and Aurel Hizmo. “Beyond Signaling and Human Capital: Education and the Revelation of Ability.” American Economic Journal: Applied Economics, no. 13951 (2010).
    Open Access Copy Link to Item
  - 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., and C. Timmins. “On the equilibrium properties of locational sorting models.” Journal of Urban Economics 57, no. 3 (May 1, 2005): 462–77. https://doi.org/10.1016/j.jue.2004.12.008.
    Full Text
  - Bayer, P., R. McMillan, and K. S. Rueben. “What drives racial segregation? New evidence using Census microdata.” Journal of Urban Economics 56, no. 3 (November 1, 2004): 514–35. https://doi.org/10.1016/j.jue.2004.06.002.
    Full Text
- Book Sections
  - Bayer, P., and R. McMillan. “Distinguishing racial preferences in the housing market: Theory and evidence.” In Hedonic Methods in Housing Markets: Pricing Environmental Amenities and Segregation, 225–44, 2008. https://doi.org/10.1007/978-0-387-76815-1_11.
    Full Text
- Other Articles
  - Bayer, P., F. Ferreira, and S. L. Ross. “The Vulnerability of Minority Homeowners in the Housing Boom and Bust: Corrigendum.” American Economic Journal: Economic Policy, February 2017. https://doi.org/10.1257/pol.9.1.346.
    Full Text
  - Anwar, S., P. Bayer, and R. Hjalmarsson. “A Jury of Her Peers: The Impact of the First Female Jurors on Criminal Convictions.” Economic Research Initiatives at Duke (Erid), February 10, 2016.
  - Bayer, P., F. Ferreira, and S. Ross. “What Drives Racial and Ethnic Differences in High Cost Mortgages? The Role of High Risk Lenders.” Economic Research Initiatives at Duke (Erid), February 1, 2016.
  - Bayer, P., K. Mangum, and J. W. Roberts. “Speculative Fever: Investor Contagion in the Housing Bubble.” Economic Research Initiatives at Duke (Erid), February 1, 2016.
    Open Access Copy
  - Bayer, P. J., C. Geissler, K. Mangum, and J. W. Roberts. “Speculators and Middlemen: The Strategy and Performance of Investors in the Housing Market.” Economic Research Initiatives at Duke (Erid) Working Paper, January 13, 2015.
  - Anenberg, E., and P. Bayer. “Endogenous Sources of Volatility in Housing Markets: The Joint Buyer-Seller Problem.” Economic Research Initiatives at Duke (Erid), December 5, 2014.
  - Bayer, P., M. Casey, F. Ferreira, and R. McMillan. “Estimating Racial Price Differentials in the Housing Market.” Economic Research Initiatives at Duke (Erid), March 1, 2013.
    Open Access Copy
  - Bayer, P., M. Casey, F. Ferreira, and R. McMillan. “Price Discrimination in the Housing Market.” Economic Research Initiatives at Duke (Erid), May 1, 2012.
    Open Access Copy
  - Anwar, S., P. Bayer, and R. Hjalmarsson. “A Fair and Impartial Jury? The Role of Age in Jury Selection and Trial Outcomes.” Economic Research Initiatives at Duke (Erid), February 1, 2012.
    Open Access Copy
  - Bayer, P., F. Ferreira, and R. McMillan. “Tiebout Sorting, Social Multipliers and the Demand for School Quality (Submitted).” Nber Working Paper, 2009.
    Open Access Copy
  - Bayer, P., H. Fang, and R. McMillan. “Separate When Equal? Racial Inequality and Residential Segregation (Submitted).” Nber Working Paper, 2009.
    Open Access Copy Link to Item
  - Bayer, P., and R. McMillan. “Choice and Competition in Local Education Markets (Submitted).” Nber Working Paper, 2009.
    Link to Item
  - Bayer, P., and R. M. K. Rueben. “An Equilibrium Model of Sorting in an Urban Housing Market (Submitted).” Nber Working Paper, 2005.
    Open Access Copy
  - Bayer, Patrick J., and Christopher Timmins. “A Note on the Equilibrium Properties of Locational Sorting Models,” July 2003.
  - Anwar, Shamena, Patrick Bayer, and Randi Hjalmarsson. “Jury Discrimination in Criminal Trials,” n.d.
  - Bayer, P., and R. McMillan. “Racial Sorting and Neighborhood Quality,” n.d.
    Open Access Copy Link to Item
- Scholarly Editions
  - Bayer, P., and S. Ross. “Identifying Individual and Group Effects in the Presence of Sorting: A Neighborhood Effects Application,” n.d.
    Open Access Copy
Teaching & Mentoring
Recent Courses
- ECON 345: Urban Economics 2023
- ECON 490: Selected Topics in Economics 2023
- ECON 554: Urban Economics 2023
- ECON 690: Selected Topics in Economics 2023
- ECON 901: Applied Microeconomics Workshop 2023
- ECON 593: Research Independent Study 2022
- ECON 881: Special Topics in Applied Microeconomics 2022
- ECON 901: Applied Microeconomics Workshop 2022
- ECON 881: Special Topics in Applied Microeconomics 2021
- ECON 901: Applied Microeconomics Workshop 2021
Scholarly, Clinical, & Service Activities
Presentations & Appearances
- Conference Presentations - See CV or Description for details. December 30, 2010 2010
- Invited University Seminars - See CV or Description for details. December 30, 2010 2010
Service to the Profession
- Referee Service. December 30, 2009 2009

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Education, Training, & Certifications

Previous Appointments & Affiliations

In the News

Awards & Honors

Subject Headings

Global Scholarship

Expertise

Research

Selected Grants

Selected Publications

Academic Articles

Book Sections

Other Articles

Scholarly Editions

Recent Courses

Presentations & Appearances

Service to the Profession