Markets for consumer financial services are growing rapidly in low-and middle-income
countries and are being transformed by digital technologies and platforms. With growth and …

We exploit variation in mortgage modifications to disentangle the impact of reducing long-
term obligations with no change in short-term payments (“wealth”), and reducing short-term …

Thousands of establishments employing millions of workers change ownership each year,
sometimes leading to large changes in local labor market concentration that potentially …

Households in developing economies have greater access to formal credit today than at any
point in history, owing to the global expansion of microfinance and recent innovations in …

We study the role of morality in debt repayment, using an experiment with the credit card
customers of a large Islamic bank in Indonesia. In our main treatment, clients receive a text …

We exploit a natural experiment to provide one of the first measurements of the causal effect
of negative credit information on employment and earnings. We estimate that one additional …

We exploit a natural experiment in the largest online consumer lending platform to provide
the first evidence that loan terms, in particular maturity choice, can be used to screen …

Using health shocks to identify financial distress situations, I document that peer distress
leads to a decline in individual leverage and debt on average. Individual leverage declines …

We exploit an episode of plausibly-random debt discharge, due to the inability of National
Collegiate to prove chain of title, to examine the effects of student debt relief on individual …

A dynamic equilibrium model of schooling, borrowing, and job search is developed to
quantify the aggregate implications of student loans. In my model, risk-averse agents under …