Marko Terviö

Marko Terviö is Professor of Economics at Aalto University School of Business, where he teaches intermediate microeconomics and labor economics. He is affiliated with Helsinki GSE (Helsinki Graduate School of Economics), a collaboration between Aalto University, University of Helsinki, and Hanken School of Economics.

His research focuses on labor market dynamics, economic inequality, housing economics, and institutional design. Professor Terviö employs theoretical models combined with empirical analysis to address questions about talent markets, wage determination, housing policy, and political economics. His work demonstrates particular expertise in assignment models applied to housing and labor markets, with significant contributions to understanding cognitive ability and earnings, superstar phenomena in labor markets, and housing policy impacts.

His publication record spans top economics journals including Review of Economic Studies, American Economic Review, Journal of Political Economy, and Economic Journal. Recent work (2022-2025) shows continued high-impact research in labor economics and housing markets, with publications in European Sociological Review and Economic Journal. His research demonstrates consistent methodological rigor combining theoretical modeling with empirical validation.

Professor Terviö has contributed significantly to Finnish economic policy discussions, notably as lead author of the influential 2018 report 'On the transfer of residential plots in Helsinki' for the Aalto Economic Institute. This work provided economic analysis of land allocation practices in Helsinki, examining how residential plots should be priced and allocated to maximize economic efficiency while considering urban development goals.