Assistant Professor of Finance and Business Economics at the University of Southern California, Marshall School of Business.
My research is in macroeconomics and labor economics, with a particular interest in human capital, education, and labor market policies.
A general-equilibrium heterogeneous-agent model with parental investment in children is used to evaluate early childhood development policies. Accounting for the equilibrium response of wages, taxes, and parental behavior substantially changes the measured returns to such interventions relative to partial-equilibrium estimates.
Moving children to better neighborhoods raises their long-run outcomes, but scaling such programs changes neighborhood composition, house prices, and school quality. We build a spatial equilibrium model with intergenerational human capital to quantify how large-scale neighborhood interventions differ from their small-scale experimental counterparts.
We evaluate universal basic income in a general-equilibrium life-cycle model with intergenerational linkages, endogenous education, and labor supply. Short-run welfare gains are very different from long-run ones once human capital accumulation and the tax burden required to finance the transfer are taken into account.
Using Italian administrative matched employer-employee data and a reform that liberalized temporary contracts, we study how partial employment protection reform reshapes hiring, worker turnover, and the allocation of workers across firms.
Retail chains charge nearly identical prices across stores in very different local markets. We study the aggregate consequences of this uniform pricing practice for the transmission of local shocks, regional real income differences, and the pass-through of costs to consumers.
Differential fertility and inter-vivos transfers are quantitatively important for intergenerational income persistence. We discipline a life-cycle model with family decisions to assess how much of observed mobility each channel accounts for.
Countries' top export products turn over far more often than standard theories of comparative advantage would predict. We document the extent of this churning and show that big export successes are largely unpredictable from prior specialization patterns.
Child mental health is transmitted across generations and interacts with parental resources and investment. We build and estimate a macroeconomic model of these dynamics to quantify their aggregate and distributional consequences, and to evaluate treatment policies.
Using Italian matched employer-employee records, we trace workers whose jobs are outsourced to service providers and measure the resulting effects on wages, job stability, and firm-level pay policies.
Housing supply restrictions price lower-income families out of high-opportunity neighborhoods. I quantify how much of the intergenerational persistence of income can be attributed to zoning, and what relaxing it would do to children's long-run outcomes.