Peter Hudomiet

peter hudomiet, h0815, peter hudomiet, h0815
Associate Economist
Santa Monica Office


PhD in economics, University of Michigan; MA in economics, Central European University; MSc in technical informatics, Budapest University of Technology and Economic


Peter Hudomiet is an associate economist at the RAND Corporation. His research interests include applied econometrics, labor economics, economics of aging and health economics.

Most recently Hudomiet analyzed whether and to what extent psychological factors, such as cognitive ability and personality traits, explain differences in late-in-life work decisions and the timing of retirement; and how differences in labor adjustment costs by detailed occupations contribute to the substantial unemployment rate and turnover differences between skill groups.

Currently, he is conducting research on dementia (prevalence, trends in prevalence, associated costs); retirement (non-traditional retirement paths, cognitive and health barriers to extend working lives, effects of technological change), and on the accuracy of subjective expectations of Americans (mortality expectations, job loss expectations, improving measurement of expectations). Hudomiet has a Ph.D. in economics from the University of Michigan, a MA in economics from the Central European University and a M.Sc. in computer science from the Budapest University of Technology.

Recent Projects

  • Trends in dementia prevalence in the U.S.
  • Monetary costs of dementia in the U.S.
  • Cognitive abilities, occupational skills and retirement
  • Psychological factors in transitions from work to retirement
  • Subjective expectations and probability numeracy

Selected Publications

Peter Hudomiet and Robert J. Willis, "Estimating Second Order Probability Beliefs from Subjective Survival Data," Decision Analysis, 10(2):152-170, 2013

Peter Hudomiet, Gabor Kezdi and Robert J. Willis, "Stock Market Crash and Expectations of American Households," Journal of Applied Econometrics, 26(3):393-415, 2011

Honors & Awards

  • ISR-George Katona Research Award Fund in Economic Behavior, University of Michigan
  • Rackham International Student Fellowship, University of Michigan
  • Academic Pro-Rector's Excellence Award, Central European University