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Dr. Wachter: Worley Professor of Financial Management

S. Wachter

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.

 


  Almanac, Vol. 50, No. 15, December 9, 2003

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