Research
Working Papers
Equal Prices, Unequal Access: The Effects of National Pricing in the US Life Insurance Industry
Using a structural model of multi-region life insurers, I find that national pricing regulation distorts the allocation of life insurance services across geographic regions, exacerbating spatial inequality for low-income households.
Presentations: Princeton University - Federal Reserve Bank of Richmond Brown Bag - University of Kentucky (Gatton) - Duke University (Fuqua) - Indiana University (Kelley) - NBER Insurance Working Group Meeting (05/2024)
Banks in Space
with Ezra Oberfield, Esteban Rossi-Hansberg, and Nicholas Trachter
Bank branch networks feature spatial sorting driven by span of control concerns, balance sheet mismatch, and geographic distance. We build a model of multi-branch banks that captures these characteristics and verify the predictions of the model using the geographic deregulation of the US banking industry as a laboratory.
Presentations: Federal Reserve Bank of Richmond Core Week* - Federal Reserve Bank of Chicago* - University of Michigan* - New York University* - University of Chicago* - Yale University* - Northwestern University (Kellogg)* - Society for Economic Dynamics Annual Meeting* (06/2024) - NBER Summer Institute, International Trade & Investment Workshop* (07/2024)
*: co-author presentation