“Bank Branch Supply, Financial Inclusion and Wealth Accumulation,” with Adrien Matray, Review of Financial Studies, 2019, Volume 32, Issue 12, Pages 4767-4809.
Financial inclusion fosters household wealth accumulation: banked households not only accumulate assets in interest bearing accounts, but also invest more in durable assets such as vehicles, have a better access to debt relative to their unbanked counterparts, and have a lower probability of facing financial strain.
“Can Security Design Solve Household Reluctance to Take Risk?,” with Laurent Calvet, Paolo Sodini and Boris Vallée. Forthcoming, Journal of Finance.
2020 NBER Asset Pricing Meeting, 2018 NBER Household Finance Meeting, 2018 WFA, 2017 NBER Behavioral Finance Meeting, 2017 EFA.
Security design can mitigate household reluctance to take financial risk.