Quarterly Journal of Economics, 126 (1), February 2011, 517–555.
Publications
The Real Costs of Credit Access: Evidence from the Payday Lending Market
Competition in a Consumer Loan Market: Payday Loans and Overdraft Credit
With Donald P. Morgan
Journal of Financial Intermediation, 24 (1), January 2015, 25–44.
Mortgage Debt Overhang: Reduced Investment by Homeowners at Risk of Default
Journal of Finance, 72 (2), April 2017, 575–612.
Winner of 2017 Brattle Group Distinguished Paper prize
Retail Financial Advice: Does One Size Fit All?
With Stephen Foerster, Juhani T. Linnainmaa and Alessandro Previtero
Journal of Finance, 72 (4), August 2017, 1441–1482.
Lead article and winner of 2017 Amundi Smith Breeden Distinguished Paper and 2015 Canadian Investment Research Award
Unemployment Insurance as a Housing Market Stabilizer
With Joanne W. Hsu and David A. Matsa
American Economic Review, 108 (1), January 2018, 49–81.
Spillovers from Costly Credit
Review of Financial Studies, 31 (9), September 2018, 3568–3594.
Non-Cognitive Abilities and Loan Delinquency: The Role of Self-Efficacy in Avoiding Financial Distress
With Camelia M. Kuhnen
Journal of Finance, 73 (6), December 2018, 2837–2869.
Do Household Finances Constrain Unconventional Fiscal Policy?
With Scott R. Baker, Lorenz Kueng, and Leslie McGranahan
Tax Policy and the Economy, 33(1), 2019, 1–32.
Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand
With Daniel Green, Jonathan A. Parker, and Arcenis Rojas
American Economic Journal: Economic Policy, 12 (4), November 2020, 178–211.
The Misguided Beliefs of Financial Advisors
With Juhani T. Linnainmaa and Alessandro Previtero
Journal of Finance, 76 (2), April 2021, 587–621
Making the House a Home: The Stimulative Effect of Home Purchases on Consumption and Investment
With Efraim Benmelech and Adam Guren
Forthcoming at Review of Financial Studies, November 2021.
Working Papers
Loan Contracting in the Presence of Usury Limits: Evidence from Automobile Lending
with Aaron Schroeder
Consumer Financial Protection Bureau Office of Research Working Paper No. 2017-02, April 2017.
Investor Protections and Stock Market Participation: An Evaluation of Financial Advisor Oversight
With Stephen Foerster, Juhani T. Linnainmaa, and Alessandro Previtero
Working Paper, November 2020.
Who Pays the Price? Overdraft Fee Ceilings and the Unbanked
with Jennifer L. Dlugosz and Donald P. Morgan
Federal Reserve Bank of New York Staff Report No. 973, June 2021.