I am an economist at the Federal Reserve Board of Governors in the Division of Research and Statistics in Washington, DC. At the Board, I am currently part of the team responsible for administering and disseminating the Survey of Consumer Finances, following five years on the team that monitors developments in Consumer Finance (e.g., credit cards, auto loans, student loans). My research interests are labor economics, public economics, and the economics of education.

I can be reached at sarena.goodman@gmail.com.


Working Papers

"A Wealth of Information: Augmenting the Survey of Consumer Finances to Characterize the Full Wealth Distribution" with Jesse Bricker, Kevin Moore, and Alice Henriques Volz.


"Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being" with Sandra Black, Jeffrey Denning, Lisa Dettling, and Lesley Turner. June 2021 draft.


Published Papers

Goodman, Sarena, Adam Isen, and Constantine Yannelis (forthcoming). "A Day Late and a Dollar Short: Liquidity and Household Formation among Student Borrowers," Journal of Financial Economics. August 2020 draft.

  • Early version available as Federal Reserve Board Finance and Economics Discussion Series Working Paper 2018-025.


Bulman, George, Robert Fairlie, Sarena Goodman, and Adam Isen (2021). "Parental Resources and College Attendance: Evidence from Lottery Wins," American Economic Review, vol. 111, No. 4: 1201-1240.


Goodman, Sarena, and Alice Henriques Volz (2020). "Attendance Spillovers between Public and For-Profit Colleges: Evidence from Statewide Variation in Appropriations for Higher Education," Education Finance and Policy, vol. 15, No. 3: 428-456.

  • Early version available as Federal Reserve Board Finance and Economics Discussion Series Working Paper 2015-025.


Goodman, Sarena, Alvaro Mezza, and Alice Henriques Volz (2020). "On Intergenerational Immobility: Evidence that Adult Credit Health Reflects the Childhood Environment," Economic Inquiry, vol. 58, No. 2: 780-801.

  • Early version available as Federal Reserve Board Finance and Economics Discussion Series Working Paper 2017-032 and Minneapolis Fed Opportunity and Inclusive Growth Institute Working Paper 18-05.


Goodman, Sarena, and Adam Isen (2020). "Un-Fortunate Sons: Effects of the Vietnam Draft Lottery on the Next Generation's Labor Market," American Economic Journal: Applied Economics, vol. 12, No. 1: 182-209.

  • AEA Chart of the Week February 3, 2020.

  • Early version available as Federal Reserve Board Finance and Economics Discussion Series Working Paper 2015-119 and Minneapolis Fed Opportunity and Inclusive Growth Institute Working Paper 17-07.


Dettling, Lisa, Sarena Goodman, and Jonathan Smith (2018). "Every Little Bit Counts: The Impact of High-Speed Internet on the Transition to College," The Review of Economics and Statistics, vol. 100, No. 2: 260-273.

  • Early version available as Federal Reserve Board Finance and Economics Discussion Series Working Paper 2015-108.


Goodman, Sarena (2016). "Learning from the Test: Raising Selective College Enrollment by Providing Information," The Review of Economics and Statistics, vol. 98, No. 4: 671-684.

  • Early version available as Federal Reserve Board Finance and Economics Discussion Series Working Paper 2013-69.


Goodman, Sarena, Peter Messeri, and Brendan O'Flaherty (2016). "Homelessness Prevention in New York City: On Average, It Works," Journal of Housing Economics, vol. 31, pp. 14-34.


Goodman, Allen C., Joshua Goodman, Lucas Goodman, and Sarena Goodman (2015). "A Few Goodmen: Surname-Sharing Economist Coauthors," Economic Inquiry, vol. 53, no. 2, pp. 1392-1395.


Goodman, Sarena, Peter Messeri, and Brendan O'Flaherty (2014). "How Effective Homelessness Prevention Impacts the Length of Shelter Spells," Journal of Housing Economics, vol. 23, pp. 55-62.


Goodman, Sarena, and Lesley J. Turner (2013). "The Design of Teacher Incentive Pay and Educational Outcomes: Evidence from the New York City Bonus Program," Journal of Labor Economics, vol. 31, no. 2, pp. 409-420.

  • Profiled by: U.S. Department of Education, Institute of Education Sciences, What Works Clearinghouse. (2012, October).

  • For policy audiences: Goodman, Sarena, and Lesley J. Turner (2011). "Does Whole-School Performance Pay Improve Student Learning?" Education Next, Vol. 11, no. 2.


Other Publications

Goodman, Sarena, Geng Li, Alvaro Mezza, and Lucas Nathe (2021). "Developments in the Credit Score Distribution over 2020," FEDS Notes, Board of Governors of the Federal Reserve System, April 30.


Bricker, Jesse, Sarena Goodman, Kevin B. Moore, and Alice Henriques Volz with assistance from Dalton Ruh (2020). "Wealth and Income Concentration in the SCF: 1989–2019," FEDS Notes, Board of Governors of the Federal Reserve System, September 28.


Bhutta, Neil, Jesse Bricker, Andrew C. Chang, Lisa J. Dettling, Sarena Goodman, Joanne W. Hsu, Kevin B. Moore, Sarah Reber, Alice Henriques Volz, and Richard A. Windle with assistance from Kathy Bi, Jacqueline Blair, Julia Hewitt, and Dalton Ruh (2020). "Changes in U.S. Family Finances from 2016 to 2019: Evidence from the Survey of Consumer Finances," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System, vol. 106, no. 5.


Goodman, Sarena, and Steve Ramos (2019). "Understanding Changes in Household Debt by Credit Risk Category: The Role of Credit Score Transitions," FEDS Notes, Board of Governors of the Federal Reserve System, June 25.


"The Taxation of Social Security Benefits as an Approach to Means Testing" with Jeffrey Liebman. NBER Retirement Research Center Working Paper NB08-02.


Employment

Principal Economist, Federal Reserve Board of Governors, Microeconomic Surveys, Division of Research and Statistics, 2019-Present.

Senior Economist, Federal Reserve Board of Governors, Microeconomic Surveys, Division of Research and Statistics, 2018-2019.

Senior Economist, Federal Reserve Board of Governors, Consumer Finance, Division of Research and Statistics, 2016-2018.

Economist, Federal Reserve Board of Governors, Consumer Finance, Division of Research and Statistics, 2013-2016.

Staff Economist, Executive Office of the President, Council of Economic Advisers (Education, Labor, and Public Economics), 2009-2010.

Research Assistant, National Bureau of Economic Research (Professor Jeffrey Liebman), 2006-2007.

Research Assistant, Executive Office of the President, Council of Economic Advisers (Macroeconomics and Labor Economics), 2005-2006.

Citigroup Global Capital Markets and Corporate Investment Bank

  • Analyst Intern in the Investment Bank, Financial Institutions Group, Spring 2004.

  • Analyst Intern in Equity Capital Markets, Financial Institutions Group, Summer 2004.


Education

Ph.D. in Economics from Columbia University, Department of Economics, 2013

UC Berkeley, Exchange Scholar, Department of Economics, 2012-2013

UC Berkeley, Visiting Student Researcher, Department of Economics, 2010-2012

AB in Economics (with a minor in Statistics) from Dartmouth College, 2005

  • magna cum laude, Presidential Scholar with Honors in Economics