Published or Forthcoming Papers
Debt Moratoria: Evidence from Student Loan Forbearance
American Economic Review: Insights, Conditionally Accepted
Coauthors: Michael Dinerstein and Ching-Tse Chen
View Abstract
Does Private Equity Investment in Healthcare Benefit Patients? Evidence from Nursing Homes
Review of Financial Studies, Conditionally Accepted
Best Health and Finance Paper Award, Midwest Finance Association 2021
Coauthors: Atul Gupta, Sabrina Howell and Abhinav Gupta
View Abstract
Competition and Selection in Credit Markets
Journal of Financial Economics, Accepted
Coauthor: Anthony Lee Zhang
View Abstract
Tuition, Debt and Human Capital
Review of Financial Studies, 36(4), 1667–1702, April 2023
Best Paper Award, LBS Summer Finance Symposium 2017
Coauthors: Raji Chakrabarti, Slava Fos, and Andres Liberman
View Abstract
Household Behavior (Consumption, Credit and Investments) During the COVID-19 Pandemic
Annual Review of Financial Economics, 15, November 2023
Coauthors: Livia Amato
View Abstract
The Distributional Effects of Student Loan Forgiveness
Journal of Financial Economics, 147 (2), 297–316, February 2023
Coauthor: Sylvain Catherine
View Abstract
Epidemic Responses Under Uncertainty
Proceedings of the National Academy of Sciences, 120(2), January 2023
Coauthors: Michael Barnett and Greg Buchak
View Abstract
Measuring the Welfare Costs of Asymmetric Information in Consumer Credit Markets
Journal of Financial Economics,146 (3), 840–793, December 2022
Editor's Choice, December 2022
Best Paper Award, Red Rock Finance Conference 2021
Jensen Prize (2nd Prize), Best Paper in the Journal of Financial Economics 2022
Coauthors: Anthony DeFusco and Huan Tang
Stata Command
View Abstract
Human Capital Depreciation
American Economic Review, 112 (11), 3725–3762, November 2022
Coauthors: Michael Dinerstein and Rigissa Megalokonomou
View Abstract
Student Loans and Borrower Outcomes
Annual Review of Financial Economics,14, November 2022
Coauthors: Greg Tracey
View Abstract
Did the Paycheck Protection Program Hit the Target?
Journal of Financial Economics,145(3), 725–761, September 2022
Coauthors: Joao Granja, Christos Makridis and Eric Zwick
View Abstract
The Consequences of Student Loan Credit Expansions: Evidence from Three Decades of Default Cycles
Journal of Financial Economics, 143(2), 771-793 February 2022
Coauthor: Adam Looney
View Abstract
Increasing Enrollment in Income-Driven Student Loan Repayment Plans
Journal of Finance, 77(1), 367-402 February 2022
Coauthor: Holger Mueller
View Abstract
Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments
Review of Finance, Conditionally Accepted
Coauthors: Scott Baker, R.A. Farrokhnia, Steffen Meyer and Michaela Pagel
View Abstract
A Day Late and a Dollar Short: Liquidity and Household Formation among Student Borrowers
Journal of Financial Economics, 142(3), 1301-1323, December 2021
Coauthors: Adam Isen and Sarena Goodman
View Abstract
Loan Guarantees and Credit Supply
Journal of Financial Economics, 139 (3), 872-894, March 2021
Coauthors: Natalie Cox and Olivia Kim
View Abstract
How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic
Review of Asset Pricing Studies, 10 (4), 834–862, December 2020
Coauthors: Scott Baker, R.A. Farrokhnia, Steffen Meyer and Michaela Pagel
View Abstract
Financial Inclusion, Human Capital, and Wealth Accumulation: Evidence from the Freedman’s Savings Bank
Review of Financial Studies, 33 (11), 5333–5377, November 2020
Best Paper Award, University of Oregon Summer Finance Conference 2019
Coauthors: Luke Stein
View Abstract
When Investor Incentives and Consumer Interests Diverge: Private Equity in Higher Education
Review of Financial Studies, 33 (9), 4024–4060, September 2020
Best Paper Award, Private Equity Research Consortium 2018
Coauthors: Charlie Eaton and Sabrina Howell
View Abstract
Does Climate Change Affect Real Estate Prices? Only If You Believe in it
Review of Financial Studies, 33 (3), 1256–1295, March 2020
Coauthor: Markus Baldauf and Lorenzo Garlappi
View Abstract
The Rise in Student Loan Defaults
Journal of Financial Economics, Lead Article 131(1), 1-31, January 2019
Coauthor: Holger Mueller
View Abstract
Income Changes and Consumption: Evidence from the 2013 Federal Government Shutdown
Review of Economic Dynamics, 23(1), 99-124, January 2017
Coauthor: Scott Baker
Media Coverage: Stanford Report | Sierra Sun Times
View Abstract
Quantifying the Premium Externality of the Uninsured
Journal of the European Economic Association, 14(2), 405-37, April 2016
Coauthor: Stephen Sun
View Abstract
Credit Constraints and Demand for Higher Education: Evidence from Financial Deregulation
Review of Economics and Statistics, 98(1), 12-24, March 2016
Coauthor: Stephen Sun
View Abstract
A Crisis in Student Loans? How Changes in the Characteristics of Borrowers and in the Institutions they Attended Contributed to Rising Loan Defaults
Brookings Papers on Economic Activity, Lead Article 2015(2), 1-89, 2015
Coauthors: Adam Looney
View Abstract
Media Coverage: WSJ | NYT | Washington Post | Financial Times | Bloomberg | Forbes | LA Times | Vox | Huffington Post | Politifact | Market Watch | Washington Examiner | SFGate | Urban Institute | The Atlantic | Breitbart | National Review
Indiscriminate Discrimination: A Correspondence Test for Ethnic Homophily in the Chicago Labor Market
Labour Economics, 19(6), December 2012
Coauthors: Nicolas Jacquemet
View Abstract
Media Coverage: Economist
Working Papers
Strategic Default on Student Loans
Journal of Finance, R&R
Best Paper Award, FMA Napa Conference on Financial Markets Research 2017
View Abstract
What Went Wrong with Federal Student Loans?
In preparation for the Journal of Economic Perspectives
Coauthors: Adam Looney
View Abstract
Corporate Taxes and Prices
Coauthors: Scott Baker and Stephen Sun
View Abstract
Does Climate Change Impact Sovereign Bond Yields?
Coauthor: Michael Barnett
View Abstract
Skin in the Game: Colleges’ Financial Incentives and Student Outcomes
Coauthors: Nano Barahona, Cauê Dobbin, Hanson Ho, Sebastián Otero
View Abstract
Income-Driven Repayment Plans for Student Loans
Coauthors: Nadia Karamcheva, Jeffrey Perry
View Abstract
Monetary Policy Transmission Through Online Banks
Coauthors: Isil Erel, Jack Liebersohn, Samuel Earnest
View Abstract
Discount Factors and Monetary Policy: Evidence from Dual-listed Stocks
Coauthors: Quentin Vandeweyer, Minghao Yang
View Abstract
Data and Welfare in Credit Markets
SIX Best Paper Award, Swiss Society for Financial Market Research 2022
Coauthors: Mark Jansen, Fabian Nagel, Anthony Lee Zhang
View Abstract