Untitled
Working Papers
Human Capital Investment
Who Values Access to College? (joint with Kartik Athreya, Urvi Neelakantan and Ivan Vidangos)
previous version: Finance and Economics Discussion Series No. 2019-15. Board of Governors of the Federal Reserve System
Under review
Stock Market Participation: The Role of Human Capital (joint with Kartik Athreya and Urvi Neelakantan) (New! June 2020).
Revised and resubmitted at Review of Economic Dynamics
Student Loans
All Debt Not Equal: Student Loan, Credit Card Debt and Young American Households (joint with Marius Ionescu and Wenli Li)
Previous version: The Interplay Between Student Loans and Credit Card Debt: Implications for Default in The Recent Crisis
(Finance and Economics Discussion Series No. 2014-66. Board of Governors of the Federal Reserve System)
Student Loan Borrowing and Repayment Decisions: Risks and Contingencies (joint with Kartik Athreya, Christopher Herrington and Urvi Neelakantan)
Invited and submitted at the Handbook of Economics of Education
Is Forgiving Student Loan Debt Stimulus? (joint with Kartik Athreya, Christopher Herrington and Urvi Neelakantan)
Bank Credit
Lending Standards and Consumption Insurance over the Business Cycle (joint with Kyle Dempsey) (March 2020. Updated draft coming soon!))
What are Bank Lending Standards? (joint with Andrew Castro, David Glancy and Kyle Dempsey) (Feb 2020. Updated draft coming soon!))
Work in Progress
College Market Dynamics (joint with Rasmus Lentz)
Investment Opportunities and Lifetime Inequality (joint with Kartik Athreya, Urvi Neelakantan and Ivan Vidangos)
Publications
Default Risk and Private Student Loans: Implications for Higher Education Policies (joint with Nicole Simpson)
Journal of Economic Dynamics and Control, March 2016, Vol. 64, pages 119-147
Finance and Economics Discussion Series No. 2014-14. Board of Governors of the Federal Reserve System
Insuring Student Loans Against the Risk of College Failure (joint with Satyajit Chatterjee)
Quantitative Economics, November 2012, Vol. 3, Iss. 3, pages 393-420
Previous version, Working Paper Series at FRB, Philadelphia, October 2010, WP 10-31
Risky Human Capital and Alternative Bankruptcy Regimes for Student Loans
Journal of Human Capital, Summer 2011, Vol.5, Iss. 2; Codes (in C and Matlab) are available upon request
The Federal Student Loan Program: Quantitative Implications for College Enrollment and Default Rates
Review of Economic Dynamics, January 2009, Vol. 12, Iss. 1 Technical Appendix; Codes (Matlab)
A Theory of Brain Drain and Public Funding for Higher Education in the U.S. (joint with Linnea Polgreen)
American Economic Review P&P , May 2009, Vol. 99, Iss. 2
Consolidation of Student Loan Repayments and Default Rates Across Income Groups
The B.E. Journal of Macroeconomics, August 2008, Vol. 8, Iss. 1 (Topics)
Bank Publications
Bank Net Interest Margins and Changes in Monetary Policy (joint with Jared Berry, Robert Kurtzman, and Rebecca Zarutskie)
FEDS Notes. Board of Governors of the Federal Reserve System, April 2019
Are Income and Credit Scores Highly Correlated? (joint with Rachael Beer and Geng Li)
FEDS Notes. Board of Governors of the Federal Reserve System, August 2018
Comparing Three Credit Scoring Models (joint with Rachael Beer and Geng Li)
FEDS Notes. Board of Governors of the Federal Reserve System, May 2018
College or the Stock Market or College and the Stock Market (joint with Kartik Athreya and Urvi Neelakantan)
FEDS Notes. Board of Governors of the Federal Reserve System, January 2017
Stock Market Participation: The Role of Human Capital (joint with Kartik Athreya and Urvi Neelakantan)
Working Paper Series at FRB, Richmond, June 2016, No. 15-07R and
Finance and Economics Discussion Series No. 2015-65. Board of Governors of the Federal Reserve System
Vintage Papers
The Effects of Credit Status on College Enrolment and College Completion (joint with Dora Gicheva and Nicole Simpson), IZA DP No. 6719, July 2012
The Rise in College Premium and Positive Assortative Matching in Colleges: Some Implications for Attainment (joint with Satyajit Chatterjee)
Who Should We Nudge? A Welfare Analysis of Behavioral Interventions in Retirement Plan Choice (joint with Joseph Briggs and Irina Stefanescu)
My Research with Satyajit Chatterjee in the News
The Chronicle of Higher Education,
Other
The conference I organized this year at the Board, May 10-11.