Research
Working Papers
Borrowing Premia in the Unsecured Credit Market (joint with Kyle Dempsey), R&R, JPE Macro
Previous version published as: Finance and Economics Discussion Series No. 2021-39. Board of Governors of the Federal Reserve System
What Can Stocks Do for You? (joint with Kartik Athreya, Urvi Neelakantan and Ivan Vidangos), R&R, International Economic Review
Previous version published as: Finance and Economics Discussion Series No. 2019-15. Board of Governors of the Federal Reserve System
All Debt Not Equal: Student Loans, Credit Card Debt and Young American Borrowers (joint with Marius Ionescu and Wenli Li) (Feb 2023)
Previous version published as: The Finance and Economics Discussion Series No. 2014-14 Board of Governors of the Federal Reserve System
Bank Credit Supply: Measurement and Implications (joint with David Glancy and Kyle Dempsey) (Draft coming soon!)
Who are Credit Revolvers? An Empirical and Theoretical Investigation (joint with Kyle Dempsey and Gajen Raveendranathan)
Work in Progress
Racial Gaps in Student Loan Defaults: A Life-cycle Approach (joint with Kartik Athreya, Christopher Herrington and Urvi Neelakantan) Abstract
Human Capital Accumulation Under the Prospect of Discrimination (joint with Kartik Athreya, Christopher Herrington and Urvi Neelakantan)
Publications
Stock Market Participation: The Role of Human Capital (joint with Kartik Athreya and Urvi Neelakantan)
Review of Economic Dynamics, Volume 47, January 2023, Pages 1-18 (online version)
Student Loan Borrowing and Repayment Decisions: risks and Contingencies (joint with Kartik Athreya, Christopher Herrington and Urvi Neelakantan)
The Routledge Handbook of the Economics of Education, Edited by Brian McCall, December 2021.
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; PDF version here
Quantitative Economics, November 2012, Vol. 3, Iss. 3, pages 393-420
Journal of Human Capital, Summer 2011, Vol.5, Iss. 2; Codes (in C and Matlab) are available upon request; PDF version here
A Theory of Brain Drain and Public Funding for Higher Education in the U.S. (joint with Linnea Polgreen)
American Economic Review , May 2009, Vol. 99, Iss. 2
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)
The B.E. Journal of Macroeconomics, August 2008, Vol. 8, Iss. 1 (Topics)
Federal Reserve System Short Notes
Drivers of Bank Supply of Business Loans (joint with Andrew Castro and David Glancy)
FEDS Notes. Board of Governors of the Federal Reserve System, February 2022
What Happens When Banks Tighten C&I Loan Supply (joint with Andrew Castro, David Glancy, and Greg Marchal)
FEDS Notes. Board of Governors of the Federal Reserve System, February 2022
How Did Banks Fund C&I Drawdowns at the Onset of the Covid-19 Crisis (joint with David Glancy, and Max Gross)
FEDS Notes. Board of Governors of the Federal Reserve System, July 2020
Who Values Access to College? (joint with Athreya, Kartik, Urvi Neelakantan, Jessie Romero, and Ivan Vidangos)
Economic Brief, No 20-03. Federal Reserve Bank of Richmond (U.S.), March 2020
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
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)
My Research with Satyajit Chatterjee in the News
The Chronicle of Higher Education,
Other
The conference I organized at the Board, May, 2019
My 3 Questions Series Interview with HCEO -UChicago.