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)

Fear in the Neighborhood: The Costs of Racial Integration, 2025, with Stephen Billings and Calvin Zhang, WP (PDF)