Steven Levitt is an economist from the United States. Political economy and science, sociology, the study of law, and the economics of crime are among the social scientific areas to which Steven Levitt has contributed. He is most recognized for co-authoring the best-selling Freakonomics and its sequels (along with Stephen J.Dubner). He was awarded the John Bates Clark Medal for his contributions to the field of criminal justice.

What is the Net Worth of Steven Levitt?

Steven Levitt is an American economist with a $10 million net worth. Steven Levitt was born in May 1967 in New Orleans, Louisiana. He primarily works in the realm of criminal justice and is well-known for his research into the relationship between legalized abortion and crime rates.

Early Life and Education

Steven Levitt was born in Boston, Massachusetts, on May 29, 1967. He is 54 years old and an American citizen as of 2022. His race is Caucasian, and he is a Christian. According to the horoscope, his full name is Steven David Levitt, and he was born under the sign of Gemini. There is no information about his parents or siblings. In St. Paul, Minnesota, he attended St. Paul Academy and Summit School. He received his AB in economics summa cum laude from Harvard University in 1989. He received his Ph.D. from the Massachusetts Institute of Technology in 1994.

Professional Life and Career

Steven Levitt worked as a consultant for Corporate Decisions, Inc. (CDI) in Boston after college, advising Fortune 500 corporations. He is the director of the University of Chicago’s Gary Becker Milton Friedman Institute for Research in Economics. He was awarded the John Bates Clark Medal every two years by the American Economic Association as the most active economist under the age of 40. Levitt is also a published author, having co-authored the best-selling book “Freakonomics” with Stephen J. Duber in April 2005. Later on, the writers started writing a Freakonomics blog.

Work

The professor has published over 60 research papers on a variety of economics themes, including crime, politics, and sports. He looked at the impact of the prison population, the availability of LoJack anti-theft devices, police hiring, and the legality of abortion on a variety of crimes. Levitt and Donohue produced new studies in 2019 to evaluate the Forecast of the original 2001 research. “We estimate that crime reduced around 20% between 1997 and 2014 as a result of legalized abortion,” the authors said. The incremental impact of legalized abortion on crime is around 45 percent, accounting for a significant chunk of the overall reduction of 50-55 percent since the early 1990s peak.”

His other Studies

• Illustrated that the consumer benefits of ridesharing in the United States are at least $7 billion a year (2015 costs).
• Examining mixed-strategy Equilibria When Players Are Heterogeneous: The Case of Penalty Kicks in Soccer (2002): Chiappori, Levitt, and Groseclose use penalty kicks from soccer games to test the idea of mixed strategies, a concept important to game theory.  The hypothesis that players choose their strategies optimally is not rejected by it.
•  Distinctively black names (2004) Causes and consequences: Fryer and Levitt find that the rise in distinctively black names took place in the early 1970s. The previous research regards black names as injurious, they conclude that having a distinctively black name is primarily a consequence rather than a cause of poverty and segregation.
• The distinction in game shows (2004): Levitt uses contestant voting behavior on the US version of the television show Weakest Link to distinguish between taste-based discrimination and information-based discrimination theories of discrimination. Levitt uncovered no discrimination against females or blacks while finding taste-based discrimination in opposition to the old and information-based discrimination against Hispanics.

Rumors and Controversy

Steven Levitt appears to be preoccupied with his career. He avoids rumors and scandals at all costs. As a result, this professor is not currently involved in any rumors or scandals.

Body Measurement and Social Media

The media is unaware of Steven Levitt’s body dimensions, including his height and weight. When it comes to his physical appearance, he has a pair of black eyes and ash blonde hair. Steven Levitt is a well-known internet personality expert with a large following on social media. Steven Levitt has approximately 10.5K followers on Twitter. Similarly, he has a 10.53K-follower official Facebook profile.

Relationship Facts

• Steven Levitt is married to Jeannette Levitt.
• He is father of two adopted daughter and one biological son.
• Steven Levitt is not having an affair with anyone presently.
• His sexual orientation is straight.

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