[5] A 2011 survey of economics professors named Levitt their fourth favorite living economist under the age of 60, after Paul Krugman, Greg Mankiw and Daron Acemoglu.
He graduated from Harvard University in 1989 with his BA in economics summa cum laude, writing his senior thesis on rational bubbles in horse breeding, and then worked as a consultant at Corporate Decisions, Inc. (CDI) in Boston advising Fortune 500 companies.
[7] He is currently the William B. Ogden Distinguished Service Professor and the director of Gary Becker Milton Friedman Institute for Research in Economics[8] at the University of Chicago.
Revisiting a question first studied empirically in the 1960s, Donohue and Levitt argued that the legalization of abortion could account for almost half of the reduction in crime witnessed in the 1990s.
In January 2006, Donohue and Levitt published a response,[16] in which they admitted the errors in their original paper, but also pointed out that Foote and Goetz's correction was flawed due to heavy attenuation bias.
The authors argued that, after making necessary changes to fix the original errors, the corrected link between abortion and crime was now weaker but still statistically significant.