Peter Hudomiet

Photo of Peter Hudomiet
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 has published papers about trends in the prevalence of dementia in the United States; about subjective and objective job demands at older ages; and about the effect of psychological factors and personality traits on retirement outcomes.

Currently, he is conducting research on dementia (prevalence, trends in prevalence, lifetime risks, associated costs); retirement (non-traditional retirement paths, job mismatch, cognitive and health barriers to extend working lives, effects of technological change), and on the accuracy of subjective probabilistic expectations (mortality expectations, job loss expectations, improving measurement of subjective expectations). Hudomiet has a Ph.D. in economics from the University of Michigan, an M.A. in economics from the Central European University, and an 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), 2013

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