Associate professor of finance and real estate at the University of Colorado Boulder (Leeds School of Business)
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Research interests: household finance, insurance, climate change, real estate, low-income behavioral finance
CV - Emily Gallagher.pdfPublications
Publications
Money to Burn: Crowdfunding Wildfire Recovery with Tony Cookson & Philip Mulder. Journal of Finance forthcoming.
Blood Money: Selling Plasma to Avoid High-Interest Loans with John Dooley. The Review of Financial Studies, Volume 37, Issue 9, September 2024, Pages 2779–2816.
Most up-to-date plasma openings dataset. If you use, please cite Dooley & Gallagher, 2024.
Human Capital Investment After the Storm with Steve Billings & Lowell Ricketts. The Review of Financial Studies, Volume 36, Issue 7, July 2023, Pages 2651–2684.
Let the Rich Be Flooded: The Distribution of Financial Aid and Distress after Hurricane Harvey with Stephen Billings & Lowell Ricketts. Journal of Financial Economics, Volume 146, Issue 2, Nov 2022, Pages 797-819.
Medicaid and Household Savings Behavior: New Evidence from Tax Refunds with Jorge Sabat, Radhakrishnan Gopalan & Michal Grinstein-Weiss. Journal of Financial Economics, Volume 136, Issue 2, May 2020, Pages 523-546.
Transparency, Investor Information Acquisition, and Money Market Fund Rebalancing during the 2011-12 Eurozone Crisis with Lawrence Schmidt, Allan Timmermann, & Russ Wermers. The Review of Financial Studies, Volume 33, Issue 4, April 2020, Pages 1445–1483.
The Effects of Health Insurance on Home Payment Delinquency: Evidence from the ACA Marketplace Subsidies with Radhakrishnan Gopalan & Michal Grinstein-Weiss. Journal of Public Economics, Volume 172, April 2019, Pages 67-83.
Can pre-commitment increase savings deposits? Evidence from a tax-time field experiment with Stephen Roll, Michal Grinstein-Weiss, & Cynthia Cryder; Journal of Economic Behavior & Organization, Volume 180, December 2020, Pages 357-380.
Assessing the Credit Risk of Money Market Funds During the Eurozone Crisis with S. Collins. Journal of Financial Stability (2016) Vol. 25, 150–165.
Money Market Funds and the Prospect of a U.S. Treasury Default with S. Collins. Quarterly Journal of Finance (2016) Vol. 06, No. 01.
Working Papers
Working Papers
Coverage Neglect in Homeowners Insurance with Tony Cookson & Philip Mulder (formally "Shopping for Underinsurance")
Most homeowners are underinsured against total home loss. Using Colorado contract data, we document substantial variation in underinsurance across insurers, which is better explained by insurer attributes like reputation than policyholder characteristics. Among wildfire victims, those insured by low-coverage firms were less likely to rebuild and more likely to sell. From a discrete choice model of insurance demand, we find that many homeowners could obtain greater coverage at no additional cost by switching insurers. This pattern suggests that consumers pay limited attention to quoted coverage limits, a phenomenon we call coverage neglect. Coverage neglect reduces consumer surplus by 10% of annual premiums.
Works in Progress
Works in Progress
For a list of works in progress, see: Curriculum vitae (CV)
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