Austin J. Jaffe is the Philip H. Sieg Professor of Business Administration, Chair of the Department of Insurance and Real Estate, Director of the Smeal Office of International Programs, and Associate Director of the Institute for Real Estate Studies at Penn State University. He is also President of JS & Associates, a real estate software firm. He received a B.S. in real estate and finance, an M.S. in finance, and a Ph.D. in real estate and finance all from the University of Illinois. Prior to coming to Penn State in 1981, he taught at the University of Oregon and has held faculty appointments at several prestigious international universities including The Royal Institute of Technology in Sweden, University of Amsterdam in The Netherlands, Tel Aviv University in Israel, National University of Singapore, University of Auckland in New Zealand, University of Hong Kong, Swedish School of Economics and Business Administration in Finland, University of New Brunswick in Canada, and the Institute at Palazzo Rucellai in Italy.
Professor Jaffe is recognized as a real estate authority throughout the world and has appeared as an invited speaker on property rights issues and real estate financial analysis throughout Eastern Europe, the former Soviet Union, and East Asia. He has appeared on professional programs to give invited papers at more than 100 institutions in more than 30 countries. He has also appeared on executive and professional programs for several national associations. He has served as a consultant to The World Bank, Nordic Council of Ministers, Prudential Realty Group, Eastern European Real Property Foundation, Real Estate Research Institute, Pennsylvania Association of Realtors, and others.
Dr. Jaffe's teaching and research interests lie in the areas of real estate financial analysis, the economics of property rights, the economic effects of legal institutions, the conceptual basis of property, and real estate computerization. He is the author or co-author of thirteen books including Fundamentals of Real Estate Investment (Third Edition, 1995), Real Estate Investment Decision Making (1982), Analyzing Real Estate Decisions (2 Volumes, 1985), and others. He is the editor of The Real Estate Reader (1995) and was co-author of Property Rights and Privatisation in the Baltic Countries (1995). He has published over 75 articles in academic and professional journals.
Dr. Jaffe is a member of several editorial review boards including Real Estate Economics, Journal of Real Estate Finance and Economics, Journal of Real Estate Research, Research in Real Estate Issues, Journal of Real Estate Education and Practice; in the UK: Journal of Property Valuation and Investment, Journal of Property Research, Journal of Financial Management of Property and Construction, Journal of Property Finance, and Our Common Estate; in Hong Kong: International Real Estate Review; and in Sweden: Housing, Theory, and Society. He was the Co-Editor of the Journal of Real Estate Literature and served as Special Editor for a volume of Research in Law and Economics devoted to urban property rights. In 1989, he became a Fellow of the Homer Hoyt Advanced Studies Institute. He was the 1994 President of the American Real Estate and Urban Economics Association. He held the Distinguished Fulbright Chair in Property Systems in 2001 and in 2002, was awarded the George Bloom Award for contributions to the field of real estate.