Publications

The Missing Loan-to-Value Cycle, with Manuel Adelino and Antoinette Schoar, forthcoming at American Economic Review: Insights, AER:I (link), WP (PDF), NBER (link).

Distinguishing Causes of Neighborhood Racial Change: A Nearest Neighbor Design, 2025, with Patrick Bayer, Marcus Casey, John Orellana-Li, and Calvin Zhang, American Economic Review, 115(11):3999-4039, AER (link), WP (PDF), NBER (link).

Political Polarization Affects Households’ Financial Decisions, Evidence from Home Sales, 2024, with John Orellana-Li and Calvin Zhang, Journal of Finance, 79(2):795-841 (lead article), JF (link), WP (PDF).

‘I’ll Have What She’s Having’: Neighborhood Social Interactions Lead to Policy Spillovers, 2023, with Avni Shah, Journal of the Association for Consumer Research, 8(4):403-415, JACR (link), WP (PDF).

Hospital Financial Health and Clinical Choices: Evidence from the Financial Crisis, 2022, with Manuel Adelino and Katharina Lewellen, Management Science, 68(3):2098-2119, MS (link), WP (PDF).

Household Mortgage Refinancing Decisions are Neighbor Influenced, Especially along Racial Lines, 2022, with Avni Shah, Journal of Urban Economics, 128:103409, JUE (link), WP (PDF).

Does Household Finance Affect the Political Process? Evidence from Voter Turnout During a Housing Crisis, 2021, Review of Financial Studies, 34(2):949-984, RFS (link), WP (PDF).

Working Papers

Improved Financial Well-Being Increases Voter Turnout: Evidence from the Mortgage Market, 2025, with Haoyang Liu, Rodney Ramcharan, Calvin Zhang, and Xiaohan Zhang, WP (PDF)

Racial Fear in the Neighborhood, 2026, with Stephen Billings and Calvin Zhang, WP (PDF)