PUBLICATIONS

Debtor Income Manipulation in Consumer Credit Contracts (with Slava Mikhed, Sahil Raina, Barry Scholnick)

Journal of Financial Economics, 2024.

WORKING PAPERS

Decision-Making by Women in Mortgage Repayment: Bargaining versus Tokenism (with Sumit Agarwal, Abhiman Das, Pulak Ghosh and Anand Srinivasan) 

- We find that a nudge of 5 basis point concession on interest rate increase female mortgage borrower by 25% in India within one year. Our study suggests that a nudge can enhance women’s financial bargaining power and the quality of household's financial decision-making.

The Labor Market Consequences of an Increased Default Penalty (with Sumit Agarwal, Vyacheslav Mikhed, Sahil Raina and Barry Scholnick)

- We find that higher default penalties reduce default hazards by 11%. To avoid default, debtors trade off job match quality for reduced unemployment risk.

Do Saving Tax Incentives Work? Evidence from Home Equity Accumulation and Consumption Responses (with Sumit Agarwal, Souphala Chomsisengphet, Pulak Ghosh, Tianyue Ruan and Changcheng Song)

When the Opportunity Presents: Female Labor Reaction to Gender Quota on Boards (with Jing Li)

- The study finds that California’s 2018 board gender quota encouraged female employees to invest more in their careers, particularly by pursuing MBAs and maintaining continuous employment.

Overweighting Product Quality Information from a Single Unrepresentattive Peer (with Sumit Agarwal, Souphala Chomsisengphet, Sahil Raina and Barry Scholnick)

-We find that consumers reduce durable good consumption of a brand after the peer has had a negative quality experience with that brand.