Detail

Professor Mayer is Paul Milstein Professor of Real Estate and Finance and Economics at Columbia Business School. His research explores a variety of topics in real estate and financial markets, including housing cycles, mortgage markets, debt securitization, and commercial real estate valuation. Dr. Mayer is also a principal at Longbridge Financial, a new and innovative company focused on developing and delivering reverse mortgage products to senior homeowners in a responsible manner. Professor Mayer also serves as a Visiting Scholar at the Federal Reserve Bank of New York, a Research Associate at the National Bureau of Economic Research, and a member of the Academic Advisory Board for Standard and Poor's. He has received funding from the National Science Foundation and Pew Charitable Trusts.

Dr. Mayer has been active in advising policymakers on the financial crisis, testifying six times before committees of the U.S. Senate and House of Representatives, writing on the causes of the housing and credit bubbles for the Financial Crisis Inquiry Commission, and authoring numerous op-ed articles on housing and credit markets. He frequently appears in the media, including regular appearances on National Public Radio, Bloomberg, the Washington Post, and ABC News and commentary in The Wall Street Journal and The NY Times. Dr. Mayer previously served as Senior Vice Dean at Columbia Business School and held positions at The Wharton School, the University of Michigan, Harvard Business School, and the Federal Reserve Bank of Boston. He holds a BA in Math and Economics from the University of Rochester with highest honors and a PhD in Economics from MIT.

• Sherman Fellowship
  University of Rochester, given every 2 years to "The Most Outstanding Economics Student," 1987.
• National Science Foundation
  Award 0214410--joint with Todd Sinai--$337,000; Economics of Air Travel: Network Effects, Congestion, and Scheduling Delays, 2002-2004
• National Science Foundation
  Award 1124188--joint with Professors Edward Morrison and Tomasz Piskorski--$347,811: Understanding the Determinants of Household Default Decisions in the Mortgage Crisis, 9/1/2011-8/31/2014.
• Pew Charitable Trust
  Analysis of Second Liens and a New Proposal, by Chris Mayer, Edward Morrison and Tomasz Piskorski, $25,000, June, 2012
• Pew Charitable Trust
  Housing Policies to Restore Credit Availability and Attract Private Capital in the Mortgage Market, by Glenn Hubbard, Alan Boyce, Christopher Mayer and James Witkin, $25,000, June, 2012

• Summer 2013
  Real Estate Finance (EMBA)
  
• Fall 2012
  Real Estate Finance (MBA)
  
• Spring 2011
  The Future of Financial Services (MBA)
  
• Spring 2010
  The Future of Financial Services (MBA)
  
• Spring 2009
  Real Estate Investment and Entrepreneurship (Master Class) (MBA)
  

Dispersion in House Price and Income Growth Across Markets: Facts and Theories In Agglomeration Economics (2010)
Author(s): Joseph Gyourko, Christopher Mayer, Todd Sinai

Subprime Mortgages: What, Where, and to Whom? In Housing Markets and the Economy: Risk, Regulation, and Policy: Essays in honor of Karl E. Case (2009)
Author(s): Christopher Mayer, Karen Pence

Subprime Mortgage Pricing: The Impact of Race, Ethnicity, and Gender on the Cost of Borrowing In Brookings-Wharton Papers on Urban Affairs 2009 (2009)
Author(s): Andrew Haughwout, Christopher Mayer, Joseph Tracy

U.S. House Price Dynamics and Behavioral Economics In Policymaking Insights on Behavioral Economics (2007)
Author(s): Christopher Mayer, Todd Sinai

The Inefficiency of Refinancing: Why Prepayment Penalties Are Good for Risky Borrowers In Journal of Financial Economics (2013)
Author(s): Christopher Mayer, Tomasz Piskorski, Alexei Tchistyi

Housing Bubbles: A Survey In Annual Review of Economics (2011)
Author(s): Christopher Mayer

Issuer Credit Quality and the Price of Asset-Backed Securities In The American Economic Review: Papers and Proceedings (2010)
Author(s): Oliver Faltin-Traeger, Kathleen Johnson, Christopher Mayer

Irreversible investment, real options, and competition: Evidence from real estate development In Journal of Urban Economics (2009)
Author(s): Laarni Bulan, Christopher Mayer, Tsur Somerville

Essay: A New Proposal for Loan Modifications In Yale Journal on Regulation (2009)
Author(s): Christopher Mayer, Edward Morrison, Tomasz Piskorski

Why do households without children support local public schools? Linking house price capitalization to school spending In Journal of Urban Economics (2009)
Author(s): Christian Hilber, Christopher Mayer

The Mortgage Market Meltdown and House Prices In The B.E. Journal of Economic Analysis & Policy (2009)
Author(s): R. Glenn Hubbard, Christopher Mayer

The Rise in Mortgage Defaults In Journal of Economic Perspectives (2009)
Author(s): Christopher Mayer, Karen Pence, Shane M. Sherlund

Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions In Journal of Economic Perspectives (2005)
Author(s): Christopher Mayer, Todd Sinai

Network Effects, Congestion Externalities, and Air Traffic Delays: Or Why Not All Delays Are Created Evil In American Economic Review (2003)
Author(s): Christopher Mayer, Todd Sinai

Regulation and Capitalization of Environmental Amenities: Evidence From the Toxic Release Inventory in Massachusetts In Review of Economics and Statistics (2003)
Author(s): Linda Bui, Christopher Mayer

Government Regulation and Changes in the Affordable Housing Stock In Economic Policy Review (2003)
Author(s): Christopher Mayer, C. Somerville

Dividend Taxes and Share Prices: Evidence From Real-Estate Investment Trusts In Journal of Finance (2003)
Author(s): Christopher Mayer

Loss Aversion and Seller Behavior: Evidence from the Housing Market In Quarterly Journal of Economics (2001)
Author(s): David Genesove, Christopher Mayer

Property Tax Limits, Local Fiscal Behavior, and Property Values: Evidence from Massachusetts Under Proposition 2 1/2 In Journal of Public Economics (2001)
Author(s): Katherine Bradbury, Christopher Mayer, Karl Case

Land Use Regulation and New Construction In Regional Science and Urban Economics (2000)
Author(s): Christopher Mayer, C. Somerville

Residential Construction: Using the Urban Growth Model to Estimate Housing Supply In Journal of Urban Economics (2000)
Author(s): Christopher Mayer, C. Somerville

Intergenerational Transfers, Borrowing Constraints, and Saving Behavior: Evidence from the Housing Market In Journal of Urban Economics (1998)
Author(s): Gary Engelhardt, Christopher Mayer

Assessing the Performance of Real-Estate Auctions In Real Estate Economics (1998)
Author(s): Christopher Mayer

Equity and Time to Sale in the Real Estate Market In American Economic Review (1997)
Author(s): David Genesove, Christopher Mayer

Reverse Mortgages and the Liquidity of Housing Wealth In AREUEA Journal (1994)
Author(s): Christopher Mayer, Katerina Simons

Minerve: Evaluating the Issuance of a New CDO: Spring 2011
Author(s): Chris Mayer

The 2-28 Mortgage: When Business and Psychology Intersect in a New Consumer Product: Spring 2011
Author(s): Eric J. Johnson, Chris Mayer

Lemons and CDOs: Why Did So Many Lenders Issue Poorly Performing CDOs? Working paper (2012)
Author(s): Oliver Faltin-Traeger, Christopher Mayer

Superstar Cities Working papers (2012)
Author(s): Christopher Mayer, Todd Sinai, Joseph Gyourko

A New Look at Second Liens Working Paper (2012)
Author(s): Donghoon Lee, Christopher Mayer, Joseph Tracy

Distant Speculators and Asset Bubbles in the Housing Market Working Paper (2012)
Author(s): Alex Chinco, Christopher Mayer

Sponsor Risk and the Performance of Asset-backed Securities Working paper (2011)
Author(s): Oliver Faltin-Traeger, Kathleen Johnson, Christopher Mayer

Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide Working Paper No. 17065 (2011)
Author(s): Christopher Mayer, Edward Morrison, Tomasz Piskorski, Arpit Gupta

Private Information and Market Making in Secondary Mortgage Markets Working paper (2010)
Author(s): Christopher Mayer

Rating Asset-Backed Securities Working paper (2010)
Author(s): Oliver Faltin-Traeger, Kathleen Johnson, Christopher Mayer

Agency Conflicts, Asset Substitution, and Securitization Working paper (2007)
Author(s): Christopher Mayer, Yingjin Hila Gan

What Can We Learn About the Sensitivity of Investment to Stock Prices with a Better Measure of Tobin's q? Working paper (2006)
Author(s): Christopher Mayer

Why Do Airlines Schedule Their Flights to Systematically Arrive Late? Working paper (2003)
Author(s): Christopher Mayer, Todd Sinai

The Effects of Share Prices Relative to Fundamental Value on Stock Issuances and Repurchases Working paper (2003)
Author(s): Christopher Mayer