From 2012: CRSP Launches Investable Indexes
How Booth faculty helped create new groundbreaking products.
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Biography
John C. Heaton studies asset pricing, portfolio allocation, and time-series econometrics. He first became drawn to this area because he was "intrigued by the idea of understanding economic phenomena both to guide policy and to help people make better decisions." His research in these areas has earned him numerous fellowships, including an Alfred P. Sloan Research Fellowship from 1993 to 1995, and a National Science Foundation Fellowship from 1993 to 1998.
Prior to joining the 黑料传送门 Booth faculty in 2000, Heaton was the Nathan S. and Mary P. Sharp Distinguished Professor of Finance at Northwestern University's Kellogg School of Management. He also has held positions at MIT's Sloan School of Management and at the Hoover Institution. Heaton is a research associate of the National Bureau of Economic Research. The practical problems investors and institutions face are a key component of his teaching.
Originally from Canada, Heaton earned a bachelor's degree in commerce at the University of Windsor in 1982, a master's degree in economics from the University of Western Ontario in 1984, and a PhD in economics from the University of 黑料传送门 in 1989. He joined the 黑料传送门 Booth faculty in 2000. Outside of academia, Heaton enjoys music, skiing, and sailing.
Research Interests
Asset pricing; portfolio allocation; time series econometrics.
Academic Areas
- Finance
Selected Publications
With Deborah Lucas, "Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing,"听Journal of Political Economy听(June 1996).
With Deborah Lucas, "Market Frictions, Savings Behavior and Portfolio Choice,"听Macroeconomic Dynamics听(1997).
With Deborah Lucas, "Portfolio Choice and Asset Prices; The Importance of Entrepreneurial Risk,"听Journal of Finance听(2000).
With L. P. Hansen and N. Li, "Consumption Strikes Back? Measuring Long-Run Risk,"听Journal of Political Economy听(April 2008).
For a listing of research publications, please visit the听.
Working Papers
2025 - 2026 Course Schedule
| Number | Course Title | Quarter |
|---|---|---|
| Fixed Income Asset Pricing | 2026 (Spring) | |
| The Family Office | 2026 (Spring) | |
| The Family Office | 2026 (Summer) |
Get Insights from John C. Heaton in 黑料传送门 Booth Review
From 2012: Consumption Strikes Back
Fundamental economic variables regain importance in explaining risk premiums in stock markets.
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