Janet Yellen

At 78 years old, Janet Yellen physical status not available right now. We will update Janet Yellen's height, weight, eye color, hair color, build, and measurements.

Academic career

After receiving her Ph.D, Yellen obtained the position of assistant professor of economics at Harvard University, where she taught from 1971 to 1976. At that time, she was one of only two women faculty on the Harvard's economics department, the other woman was Rachel McCulloch; the two struck up a close friendship, and went on to write several academic papers together. In 1977, Yellen took a job within the Federal Reserve's Board of Governors after failing to win tenure at Harvard; she was recruited as a staff economist for the Board of Governors by Edwin M. Truman, who had known her from Yale. Truman was a junior professor and heard Yellen's oral exam, and then about to take over the Fed's Division of International Finance. She was assigned to research international monetary reform.

While at the Fed, she met her husband George Akerlof in the bank's cafeteria; they wed in 1978, less than a year later. By the time of their marriage, Akerlof had already accepted a teaching position at the London School of Economics (LSE). Yellen left her post at the Fed to accompany him, and was given a tenure-track lectureship by LSE. They remained in the United Kingdom for two years, then returned to the United States.

In 1980, Yellen joined the faculty at the Berkeley's Haas School of Business to conduct macroeconomics research and teach undergraduate and MBA students for more than two decades, also held a joint appointment with the University of California, Berkeley's Department of Economics from 1999 to 2003. She earned the Haas School's outstanding teaching award twice. Prof. Yellen was just the second woman at Berkeley-Haas to earn tenure in 1982, as well as the title of full professor in 1985. She was named the Bernard T. Rocca, Jr. Professor of International Business and Trade in 1992.

From 1994 to 1999, Yellen took leave of absence from Berkeley going to the public service. After return to university, she resumed her teaching assignment and became the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics in 1999, serving as active faculty member until her appointment as president & chief executive officer of the Federal Reserve Bank of San Francisco in 2004. Yellen was awarded the title of Professor Emeritus at UC Berkeley in 2006.

Through her career, Yellen served as an adviser to the Congressional Budget Office, the Brookings Panel on Economic Activity and the National Science Foundation’s Panel in Economics. She was also a research associate of the National Bureau of Economic Research from 1999 to 2010.

Yellen's academic career, largely focused on analysis of the mechanisms of unemployment and labor markets, monetary and fiscal policies, and international trade. She has written a few widely cited papers, often collaborating with her husband, Professor George Akerlof, on research.

Since 1980s, Yellen with Akerlof address what's known in the economics literature as "efficiency wage theory" – the idea that paying people more than the market wage does, in fact, increase their productivity. Their 1990 paper, entitled "The Fair-Wage Effort Hypothesis and Unemployment," christen "the fair wage-effort hypothesis," considered by economists a significant contribution to the topic: "is a precursor to the efficiency wage literature", "It had an influence, although the work on efficiency wage theory has had a bigger influence." Akerlof and Yellen introduced the gift-exchange game, a model which argued that workers who receive less than what they perceive to be a fair wage will purposely work less hard as a way to take revenge on their employer.

Another important work, "An Analysis of Out-of-Wedlock Childbearing in the United States" co-written with Akerlof and Michael Katz and published in 1996, aims to explain why out of wedlock births had grown considerably in previous decades in the United States. Research study led to a theory called "reproductive technology shock," arguing that the increased availability of both abortion and contraception in the late 1960s and early 1970s amidst sexual revolution, eroded the social norms surrounding sex, pregnancy and marriage, leading to a sharp decline in the stigma of unwed motherhood. At the same time, this transformation encouraged biological fathers to reject not only the notion of an obligation to marry the mother but also the idea of a paternal obligation.

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