Dr. Wachter: Worley
Professor of Financial Management
Dr. Susan M. Wachter, who
has been a member of the Wharton faculty since 1972,
has been designated the first Richard B. Worley Professor
of Financial Management as of July 1, 2003. Dr. Wachter
is a professor of real
estate at The
Wharton School and
chaired that department from 1997 to 2000. She holds
secondary appointments in finance, and city and regional
planning. Dr. Wachter also serves as the director
of the Wharton GIS (Geographic Information Systems) Lab.
She served the University as Ombudsman from 1987 to 1990. She
served on the Search Committee that selected Gary Hack
in 1996 as dean of what is now the School of Design.
Her research interests include
real estate economics, housing finance, and urban economics.
Her extensive research has been published in journals
such as the Journal of Real Estate Finance and Economics and Real
Estate Economics. She serves on the editorial
boards of several publications, including the Journal
of Housing Economics.
Dr. Wachter pioneered work
on home ownership affordability, including the first-time
identification of the impact of borrowing constraints
on home ownership. Dr. Wachter's accomplishments have
been recognized by her appointment as an Academic Fellow
of the Urban Land Institute, a Visiting Fellow of the
Brookings Institution, 2001-present and her Presidential
appointment (Almanac December 7, 1999) as the
Assistant Secretary for Policy Development and Research
at the U.S. Department of Housing and Urban Development where
she served from 1999-2001. Dr. Wachter--a national expert
in housing analysis and the first woman to head the American
Real Estate Urban Economics Association--received the
Association's Best International Paper Award in 1995.
She took her B.A. from Harvard
College in 1965 and her Ph.D. from Boston College in
1974. Soon after joining Penn, Dr. Wachter received Wharton's
Anvil Award for Teaching Excellence in 1974, Penn's Lindback
Award for Distinguished Teaching in 1975, and Wharton's
Undergraduate Division Excellence in Teaching Award in
1991.
Richard B. Worley is a former
member of Penn's Board of Trustees who served as a Trustee
from 1989 to 1999, and was a member of several committees
including Audit and Compliance, Neighborhood Initiatives,
Executive Committee, Health System Board, and Health
System Executive Committee, the HUP Board, and the Investment
Board, which he chaired. |