The Wharton School · University of Pennsylvania
Associate Professor of Finance
I am an economist studying household risk-taking, the role of public policy in shaping the accumulation of wealth, and their implications for its distribution.
Research
Three questions at the center of my work
01
Household risk-taking
Why households avoid the stock market despite its historical returns, yet take on the greater risk of starting a business.
02
The role of public policy
Government programs as household assets — pensions, medical services — and as liabilities, such as student debt.
03
Implications for inequality
How portfolio composition and the inclusion of Social Security benefits reshape what we measure as the distribution of wealth.
Working papers
Recent work
Pension reforms in inheritance societies
Who Gains When Interest Rates Fall?
Robustness Checks in Structural Analysis