(* : presentation by coauthor; ** : canceled due to COVID) 

Peer-Reviewed Publications

Political Beliefs affect Compliance with Government Mandates (with Marc Painter) 2021, Journal of Economic Behavior & Organization

We use geolocation & debit card transaction data to document that political beliefs present a significant limitation to the effectiveness of state-level social distancing orders during covid-19. 

Racial Concordance in the Market for Financial Advice (with Chris Clifford and Will Gerken) 2023, Review of Corporate Finance Studies

We study minority representation in the financial advisor labor market and explore the correlation between advisor-client racial matching and 1.) stock market participation; 2.) advisor career outcome.

Working Papers

An exogenous increase in local government spending results in significant improvement in low-income White, but not low-income Black or Hispanic, labor market outcomes. These effects on parents translate into children's academic performance. Consequently, the achievement racial gap widens following the increase in local government spending.

More than 80% of corporate SEC filings are handled by third-party filing agents. Using agents leads to significant pre-filing leakage of private information.

Bundling repurchase announcements with earnings news significantly increase the announcer's likelihood of becoming a takeover target. This takeover attraction effect is driven by increased awareness. Consistent with this channel, bundling-induced takeover targets are ex ante less visible.

Is Internet Sufficient for Financial Inclusion? (with Will Gerken)

Using Census microdata, we find that free high-speed internet improves labor market outcomes (employment and income) for low-income households, but has no impact on their stock market participation. 

Do Firms Voluntarily React to Local Social Issues? (with Tae In Jun, Shawn Mobbs, and Josh Pierce)

State-level hospital postpartum care regulations positively impact infant health but also introduce obstacles for the female labor force in the workplace. Because these regulations do not require actions from firms, it is a good setting to test whether firms voluntarily respond by making life easier for working moms. we find that firms in states that mandate this regulation in hospitals respond by becoming more parenting-friendly.

Contribution to Crowd-Sourced Research


Work in Progress

Project on Machine Learning and Analyst Skill (with Russell Jame and Stan Markov)