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Schwert graduated from Trinity College in Hartford, Connecticut in 1971 and earned a PhD in financial economics from what is now the University of Chicago Booth School of Business in 1975. Aside from one year as an assistant professor at Chicago, he spent his entire career at Rochester's Simon School before being granted professor emeritus status in 2021. In 1998, he was named Distinguished University Professor of Finance and Statistics. In 2009, he was named a Fellow of the Financial Management Association and in 2019 he was named a Fellow of the American Finance Association.
Publications
As a researcher, Schwert's most influential publications concern the volatility of stock market prices. On Google Scholar, he has over 41,000 citations. His articles include:
"Asset Returns and Inflation" (with Eugene F. Fama) Journal of Financial Economics 1977