Assistant professor of finance and real estate at the University of Colorado Boulder (Leeds School of Business)
Research interests: household finance, insurance, climate change, real estate, low-income behavioral finance
CV - Emily Gallagher.pdfPublications
Blood Money: Selling Plasma to Avoid High-Interest Loans with John Dooley. The Review of Financial Studies (Forthcoming in 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.
Completed Working Papers
Money to Burn: Crowdfunding Wildfire Recovery with Tony Cookson & Philip Mulder
Person-to-person charity has grown substantially in recent years, yet little is known about who benefits from it. This paper uses micro data on crowdfunding campaigns after a major wildfire to ask whether donors give according to the comparative need of beneficiaries. Linking to personal financial data and holding losses fixed, we find that beneficiaries with incomes above $150,000 receive 28% more support than beneficiaries with income below $75,000 and are more likely to have a campaign in the first place. We document that high-income beneficiaries possess several network advantages when soliciting crowdfunding. However, a networks mechanism does not fully explain why donors who give to multiple campaigns tend to give larger amounts to higher-income beneficiaries. These findings suggest that crowdfunded private charity may exacerbate income inequalities in the recovery process.
Works in Progress
Death by a Thousand Cuts: Can an Underweighting of Small Shocks Help Explain Household Savings? with Lina Han & Jorge Sabat (old version linked, RCT in the field)
Trailer Park Trapped? The Impact of Mobile Home Park Acquisitions on Residents with Lauren Lambie-Hansen & Philip White (data analysis stage)
Shopping for Underinsurance: The Determinants of Homeowners Insurance Coverages Limits with Tony Cookson & Philip Mulder (draft temporarily embargoed by Colorado DOI)
Papers in Eternal Sleep
Get Out While the Getting's Good? A Test of First-Mover Behavior in Bond Funds with Xiaowen Hu (2021)
