Daniel McMillen
Professor of Real Estate
Stuart Handler Department of Real Estate
Contact
Building & Room:
MC 168
Address:
601 S. Morgan St., Chicago, IL 60607
Office Phone:
Email:
CV Link:
Related Sites:
About
Daniel McMillen is Professor of Real Estate at the University of Illinois at Chicago. He served as co-editor of Regional Science and Urban Economics from 2007 – 2017 and co-editor of Real Estate Economics from 2021-2025. He served as President of the American Real Estate and Urban Economics Association in 2017. Since receiving his Ph.D. in economics from Northwestern University in 1987, he has been a member of the economics departments at the University of Oregon, Santa Clara University, Tulane University, and the Chicago and Urbana-Champaign campuses of the University of Illinois. He has published widely in real estate, urban economics, housing economics, and related fields. He is a Fellow of the Homer Hoyt Institute and a faculty member of the Homer Hoyt Weimer School, a consultant in the Regional Analysis group at the Federal Reserve Bank of Chicago, and a Distinguished Fellow at the Lincoln Institute of Land Policy.
Selected Publications
“Assessment Regressivity and the Homestead Exemption,” National Tax Journal, 2025, with Ruchi Singh.
“Do More Eyes on the Street Reduce Crime? Evidence from Chicago’s Safe Passage Program,” Journal of Urban Economics 110 (March 2019), 1-25 with Ignacio Sarmiento Barbieri and Ruchi Singh.
“House Prices and School Choice: Evidence from Chicago’s Magnet Schools Proximity Lottery,” Journal of Regional Science 60 (2020), 33-55, with Leonardo Bonilla- Mejía and Esteban Lopez.
“Do More Eyes on the Street Reduce Crime? Evidence from Chicago’s Safe Passage Program,” Journal of Urban Economics 110 (March 2019), 1-25 with Ignacio Sarmiento Barbieri and Ruchi Singh.
“Tall Buildings and Land Values: Height and Construction Cost Elasticities in Chicago, 1870-2010,” Review of Economics and Statistics 100:5 (2018), 871-875, with Gabriel Ahlfeldt.
“The Effect of Appeals on Assessment Ratio Distributions: Some Nonparametric Approaches” Real Estate Economics 41 (2013), 165-191.
“Repeat Sales as a Matching Estimator,” Real Estate Economics 40 (2012), 743-771.
“Estimation and Hypothesis Testing for Nonparametric Hedonic House Price Functions,” Journal of Regional Science 50 (August 2010), 712-733, with Christian Redfearn.
“Clustering of Auto Supplier Plants in the United States: Generalized Method of Moments Spatial Logit for Large Samples,” Journal of Business and Economic Statistics 26 (Oct. 2008), 460-471, with Thomas Klier.
“Changes in the Distribution of House Prices over Time: Structural Characteristics, Neighborhood or Coefficients?” Journal of Urban Economics 64 (Nov. 2008), 573-589.
“Teardowns and Land Values in the Chicago Metropolitan Area,” Journal of Urban Economics 61 (January 2007), 45-64, with Richard F. Dye.
“Reaction of House Prices to a New Rapid Transit Line: Chicago’s Midway Line,” Real Estate Economics 32 (Fall 2004), 463-486, with John F. McDonald.
“Land Values in a Newly Zoned City,” Review of Economics and Statistics 84 (Feb. 2002), 62-72, with John F. McDonald.
“One Hundred Fifty Years of Land Values in Chicago: A Nonparametric Approach,” Journal of Urban Economics 40 (July 1996), 100-124.
Publication Aggregators
Professional Leadership
Board of Directors, American Real Estate and Urban Economics Association
President, American Real Estate and Urban Economics Association (2017)
Managing Editor, Regional Science and Urban Economics (August 2007 – December 2017)
Managing Editor, Real Estate Economics, 2021 – 2025.
Notable Honors
2019, Walter Isard Award for Scholarly Achievement, Regional Science Association
2019 - present, Faculty Fellow, Homer Hoyt Weimer School
2008, Fellows Award, Regional Science Association International
2023, George Bloom Service Award, American Real and Urban Economics Association
Education
Ph.D. Economics, Northwestern University, 1987
B.S. Economics, University of Illinois at Chicago, 1981