Working Papers

1. "Single Family REITs" (with Margo Giacoletti, Rawley Heimer, and Edison G. Yu), manuscript.

2. The Opioid Epidemic and Consumer Credit Supply: Evidence from Credit Cards" (with Sumit Agarwal, Raluca Roman, and Nonna Sorokina, Philadelphia Reserve Bank of Philadelphia Working Paper 23-28.

3. "The Great Reshuffle: Residential Sorting During the Covid-19 Pandemic and Its Welfare Implications" (with Yichen Su), Manuscript.

4.   "Consumer Bankruptcy, Mortgage Default and Labor Supply" (with Costas Meghir and Florian Oswald), Philadelphia Reserve Bank of Philadelphia Working Paper 22-26, R&R. 

5.   "Demographic Aging, Industrial Policy, and the Chinese Economic Growth" (with Mike Dotsey and Fang Yang), Working Paper 19-21, March 2019, R&R.

6. "The Dynamics of Subprime Adjustable-Rate Mortgage Default: A Structural Estimation" (with Hanming Fang and You Suk Kim), Working Paper 16-02, February 2016 (retired).

7. "Mortgage Default, Foreclosure, and Bankruptcy" (with Michelle White), NBER Working Paper W15472. Featured in Wall Street Journal Blog 5/17/2010 (retired).