Details about Kartik Athreya

Workplace:

Federal Reserve Bank of New York, (more information at EDIRC) Research and Statistics Group, Federal Reserve Bank of New York, (more information at EDIRC)

Access statistics for papers by Kartik Athreya.

Last updated 2024-05-06. Update your information in the RePEc Author Service.

Short-id: pat14

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Working Papers

2025

1. Career Conversations with the Junior Economic Club of New York City
   Speech, Federal Reserve Bank of New York
2. Economic Outlook with a Focus on Regional Business Conditions
   Speech, Federal Reserve Bank of New York
3. National Economic Outlook
   Speech, Federal Reserve Bank of New York

2024

4. Disinflation... and Whose Inflation?
   Speech, Federal Reserve Bank of New York
5. Welcome Remarks: PhD Excellence Initiative
   Speech, Federal Reserve Bank of New York

2023

6. Online Appendix to "Incarceration, Employment and Earnings: Dynamics and Differences"
   Online Appendices, Review of Economic Dynamics View citations (2)
   See also Journal Article Incarceration, Employment and Earnings: Dynamics and Differences, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (2) (2023)
7. The Effects of Macroeconomic Shocks: Household Financial Distress Matters
   Working Papers, Federal Reserve Bank of St. Louis

2021

8. Incarceration, Earnings, and Race
   Working Paper, Federal Reserve Bank of Richmond
9. Online Appendix to "Stock Market Participation: The Role of Human Capital"
   Online Appendices, Review of Economic Dynamics
   See also Journal Article Stock Market Participation: The Role of Human Capital, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (7) (2023)

2020

10. COVID-19 and Financial Distress: Employment Vulnerability
    On the Economy, Federal Reserve Bank of St. Louis
11. COVID-19 and Financial Distress: Vulnerability to Infection and Death
    On the Economy, Federal Reserve Bank of St. Louis
12. Financial Distress and the Second Wave of COVID-19 Infections
    On the Economy, Federal Reserve Bank of St. Louis
13. Household Financial Distress and the Burden of 'Aggregate' Shocks
    Working Paper, Federal Reserve Bank of Richmond
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2020)
14. How Will COVID-19 Affect the Spending of Financially Distressed Households?
    On the Economy, Federal Reserve Bank of St. Louis
15. How will COVID-19 Affect Financial Assets, Delinquency and Bankruptcy?
    On the Economy, Federal Reserve Bank of St. Louis View citations (1)

2019

16. Aggregate Implications of Household Financial Distress
    2019 Meeting Papers, Society for Economic Dynamics
17. Consumption in the Great Recession: The Financial Distress Channel
    Working Paper, Federal Reserve Bank of Richmond
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2019)
18. Who Values Access to College?
    Working Paper, Federal Reserve Bank of Richmond View citations (1)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2019) View citations (3)
    See also Journal Article Who Values Access to College?, Richmond Fed Economic Brief, Federal Reserve Bank of Richmond (2020) View citations (2) (2020)

2018

19. Investment Opportunities and Economic Outcomes: Who Benefits From College and the Stock Market?
    2018 Meeting Papers, Society for Economic Dynamics
20. The Persistence of Financial Distress
    2018 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in Working Paper, Federal Reserve Bank of Richmond (2017) View citations (4)
    Working Papers, Federal Reserve Bank of St. Louis (2017)
    2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (3)
    Research Working Paper, Federal Reserve Bank of Kansas City (2017) View citations (1)
    See also Journal Article The Persistence of Financial Distress, Richmond Fed Economic Brief, Federal Reserve Bank of Richmond (2019) View citations (14) (2019)

2017

21. College or the Stock Market, or College and the Stock Market?
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (4)

2016

22. Bankruptcy and Delinquency in a Model of Unsecured Debt
    Working Paper, Federal Reserve Bank of Richmond View citations (16)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2012) View citations (20)
    See also Journal Article BANKRUPTCY AND DELINQUENCY IN A MODEL OF UNSECURED DEBT, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2018) View citations (14) (2018)
23. Investment Opportunities and the Sources of Lifetime Inequality
    2016 Meeting Papers, Society for Economic Dynamics

2015

24. Learn Now, Save Later: College and Household Portfolios
    2015 Meeting Papers, Society for Economic Dynamics
25. Stock Market Investment: The Role of Human Capital
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
    Also in Working Paper, Federal Reserve Bank of Richmond (2015)

2014

26. Does Redistribution Increase Output? The Centrality of Labor Supply
    Working Paper, Federal Reserve Bank of Richmond View citations (9)
    See also Journal Article Does redistribution increase output? The centrality of labor supply, Quantitative Economics, Econometric Society (2017) View citations (8) (2017)
27. Labor Market Upheaval, Default Regulations, and Consumer Debt
    2014 Meeting Papers, Society for Economic Dynamics View citations (14)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2014) View citations (15)
    See also Journal Article Labor Market Upheaval, Default Regulation, and Consumer Debt, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2015) View citations (17) (2015)
28. Risky, Lumpy Human Capital in Household Portfolios
    2014 Meeting Papers, Society for Economic Dynamics View citations (1)
29. Single Mothers and the Earned Income Tax Credit: Insurance Without Disincentives?
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (4)
30. Young Unskilled Women and the Earned Income Tax Credit: Insurance Without Disincentives?
    Working Paper, Federal Reserve Bank of Richmond View citations (1)

2013

31. The supply of college-educated workers: the roles of college premia, college costs, and risk
    Working Paper, Federal Reserve Bank of Richmond View citations (11)

2011

32. A quantitative theory of information and unsecured credit
    Working Paper, Federal Reserve Bank of Richmond View citations (23)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (6)
    See also Journal Article A Quantitative Theory of Information and Unsecured Credit, American Economic Journal: Macroeconomics, American Economic Association (2012) View citations (69) (2012)
33. Loan guarantees for consumer credit markets
    Working Paper, Federal Reserve Bank of Richmond
    See also Journal Article Loan Guarantees for Consumer Credit Markets, Economic Quarterly, Federal Reserve Bank of Richmond (2014) (2014)

2010

34. The Earned Income Tax Credit: Insurance Without Disincentives?
    2010 Meeting Papers, Society for Economic Dynamics View citations (2)

2009

35. Are harsh penalties for default really better?
    Working Paper, Federal Reserve Bank of Richmond View citations (10)
36. Credit and self-employment
    Working Paper, Federal Reserve Bank of Richmond View citations (31)
    See also Journal Article Credit and self-employment, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (11) (2011)

2007

37. Unsecured Credit and Self-Employment
    2007 Meeting Papers, Society for Economic Dynamics View citations (3)

2004

38. Fresh start or head start? Uniform bankruptcy exemptions and welfare
    Working Paper, Federal Reserve Bank of Richmond View citations (8)
    See also Journal Article Fresh start or head start? Uniform bankruptcy exemptions and welfare, Journal of Economic Dynamics and Control, Elsevier (2006) View citations (32) (2006)
39. Unsecured debt with public insurance: from bad to worse
    Working Paper, Federal Reserve Bank of Richmond View citations (4)
    See also Journal Article Unsecured debt with public insurance: From bad to worse, Journal of Monetary Economics, Elsevier (2006) View citations (32) (2006)

2003

40. Risky higher education and subsidies
    Working Paper, Federal Reserve Bank of Richmond View citations (2)
    See also Journal Article Risky higher education and subsidies, Journal of Economic Dynamics and Control, Elsevier (2005) View citations (55) (2005)

Journal Articles

2023

1. Incarceration, Employment and Earnings: Dynamics and Differences
   Review of Economic Dynamics, 2023, 51, 677-697 View citations (2)
   See also Working Paper Online Appendix to "Incarceration, Employment and Earnings: Dynamics and Differences", Online Appendices (2023) View citations (2) (2023)
   Software Item Code and data files for "Incarceration, Employment and Earnings: Dynamics and Differences", Computer Codes (2023) (2023)
2. Opinion: Investing in Women's Careers
   Econ Focus, 2023, 23, (3Q), 31-32
3. Opinion: Unique Challenges in the Housing Market
   Econ Focus, 2023, (1Q), 36
4. Opinion: Why Do Bank Runs Happen?
   Econ Focus, 2023, 23, (2Q), 32
5. Opinion: Why Is Returning to the Office Contentious?
   Econ Focus, 2023, 23, (4Q), 31-32
6. Stock Market Participation: The Role of Human Capital
   Review of Economic Dynamics, 2023, 47, 1-18 View citations (7)
   See also Working Paper Online Appendix to "Stock Market Participation: The Role of Human Capital", Online Appendices (2021) (2021)

2022

7. Opinion: Following Through
   Econ Focus, 2022, 22, (3Q), 36
8. Opinion: Inflation and the Road Ahead for Research
   Econ Focus, 2022, 22, (4Q), 32
9. Opinion: Our Work on Rural Economies
   Econ Focus, 2022, (1Q), 32
10. Opinion: Unwinding Pandemic Monetary Policy
    Econ Focus, 2022, (2Q), 36
11. The Pandemic, Child Care and Women’s Labor Force Participation
    Richmond Fed Economic Brief, 2022, 22, (16)

2021

12. Risk, the College Premium, and Aggregate Human Capital Investment
    American Economic Journal: Macroeconomics, 2021, 13, (2), 168-213 View citations (6)
13. The Evolving Relationship between COVID-19 and Financial Distress
    Economic Bulletin, 2021, (February 24, 2021), 3 View citations (1)

2020

14. Who Values Access to College?
    Richmond Fed Economic Brief, 2020, (20-03), 5 View citations (2)
    Also in Richmond Fed Economic Brief, 2020, 20, (03) (2020) View citations (2)
    See also Working Paper Who Values Access to College?, Working Paper (2019) View citations (1) (2019)

2019

15. The Persistence of Financial Distress
    Richmond Fed Economic Brief, 2019, (March) View citations (14)
    Also in The Review of Financial Studies, 2019, 32, (10), 3851-3883 (2019) View citations (14)
    See also Working Paper The Persistence of Financial Distress, 2018 Meeting Papers (2018) View citations (3) (2018)
16. Whom Will Opportunity Zones Help?
    Econ Focus, 2019, (1Q), 32-32

2018

17. BANKRUPTCY AND DELINQUENCY IN A MODEL OF UNSECURED DEBT
    International Economic Review, 2018, 59, (2), 593-623 View citations (14)
    See also Working Paper Bankruptcy and Delinquency in a Model of Unsecured Debt, Working Paper (2016) View citations (16) (2016)
18. TFP, Prosperity, and the FOMC
    Econ Focus, 2018, (1Q), 40-40
19. What Have We Learned since the Financial Crisis?
    Econ Focus, 2018, (3Q), 36-36

2017

20. Does Redistribution Increase Output?
    Richmond Fed Economic Brief, 2017, (January) View citations (10)
21. Does redistribution increase output? The centrality of labor supply
    Quantitative Economics, 2017, 8, (3), 761-808 View citations (8)
    See also Working Paper Does Redistribution Increase Output? The Centrality of Labor Supply, Working Paper (2014) View citations (9) (2014)
22. Opinion: Do Low Interest Rates Punish Savers?
    Econ Focus, 2017, (3Q), 40-40
23. Opinion: Publicly Provided Data and the Fed
    Econ Focus, 2017, (1Q), 40-40

2016

24. The Payoff from the Earned Income Tax Credit
    Econ Focus, 2016, (2Q), 40-40

2015

25. Labor Market Upheaval, Default Regulation, and Consumer Debt
    Review of Economic Dynamics, 2015, 18, (1), 32-52 View citations (17)
    See also Working Paper Labor Market Upheaval, Default Regulations, and Consumer Debt, 2014 Meeting Papers (2014) View citations (14) (2014)
    Software Item Code and data files for "Labor Market Upheaval, Default Regulation, and Consumer Debt", Computer Codes (2014) (2014)
26. Land of Opportunity: Economic Mobility in the United States
    Economic Quarterly, 2015, (2Q), 169-191
    Also in Richmond Fed Economic Brief, 2013, (July) (2013)
27. OPINION: Why Do College Graduates Earn More?
    Econ Focus, 2015, (2Q), 44-44
28. Opinion: The Importance of Researcher Independence
    Econ Focus, 2015, (4Q), 44-44
29. Systemic Risk and the Pursuit of Efficiency
    Economic Quarterly, 2015, (1Q), 23-47 View citations (2)
    Also in Annual Report, 2009, 4-20 (2009) View citations (2)
30. Understanding Living Wills
    Economic Quarterly, 2015, (3Q), 193-223 View citations (2)

2014

31. Expanding the Scope of Workforce Development
    Richmond Fed Economic Brief, 2014, (May)
32. Loan Guarantees for Consumer Credit Markets
    Economic Quarterly, 2014, (4Q), 297-352
    See also Working Paper Loan guarantees for consumer credit markets, Working Paper (2011) (2011)

2013

33. Implications of Risks and Rewards in College Decisions
    Richmond Fed Economic Brief, 2013, (June)

2012

34. A Quantitative Theory of Information and Unsecured Credit
    American Economic Journal: Macroeconomics, 2012, 4, (3), 153-83 View citations (69)
    See also Working Paper A quantitative theory of information and unsecured credit, Working Paper (2011) View citations (23) (2011)
35. Debt default and the insurance of labor income risks
    Economic Quarterly, 2012, 98, (4Q), 255-307 View citations (3)
36. Land of opportunity? Economic mobility in the United States. 2012 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 2012, 4-23 View citations (1)
37. The spice of life: allowing for heterogeneity in macro models
    Richmond Fed Economic Brief, 2012, (Apr) View citations (1)

2011

38. Credit and self-employment
    Journal of Economic Dynamics and Control, 2011, 35, (3), 363-385 View citations (11)
    See also Working Paper Credit and self-employment, Working Paper (2009) View citations (31) (2009)
39. The cost of unanticipated household finance shocks: two examples
    Economic Quarterly, 2011, 97, (4Q), 431-450 View citations (1)
40. The earned income tax credit: recipients, labor force participation, and credit constraints
    Richmond Fed Economic Brief, 2011, (Mar)

2010

41. Earned income tax credit recipients: income, marginal tax rates, wealth, and credit constraints
    Economic Quarterly, 2010, 96, (3Q), 229-258 View citations (10)

2009

42. Consumption smoothing and the measured regressivity of consumption taxes
    Economic Quarterly, 2009, 95, (Win), 75-100 View citations (4)
43. Opinion: Why efficiency matters...even if you value equality
    Econ Focus, 2009, 13, (Fall), 44
44. Rationalizing financial literacy policy
    Richmond Fed Economic Brief, 2009, (Mar)
45. Recent fiscal policy and the manipulation of aggregate economic activity
    Richmond Fed Economic Brief, 2009, (Aug)
46. Self-employment rates and business size: the roles of occupational choice and credit market frictions
    Annals of Finance, 2009, 5, (3), 495-519 View citations (6)
47. The case for direct methods to address CO2 emissions and other negative environmental externalities
    Richmond Fed Economic Brief, 2009, (Oct)
48. Unsecured credit markets are not insurance markets
    Journal of Monetary Economics, 2009, 56, (1), 83-103 View citations (36)

2008

49. Credit access, labor supply, and consumer welfare
    Economic Quarterly, 2008, 94, (Win), 17-44 View citations (1)
50. Default, insurance, and debt over the life-cycle
    Journal of Monetary Economics, 2008, 55, (4), 752-774 View citations (40)

2007

51. Implications of some alternatives to capital income taxation
    Economic Quarterly, 2007, 93, (Win), 31-55 View citations (1)
52. Opinion: In praise of theory
    Econ Focus, 2007, 11, (Spr), 60

2006

53. Credit exclusion in quantitative models of bankruptcy: does it matter?
    Economic Quarterly, 2006, 92, (Win), 17-49 View citations (11)
54. Fresh start or head start? Uniform bankruptcy exemptions and welfare
    Journal of Economic Dynamics and Control, 2006, 30, (11), 2051-2079 View citations (32)
    See also Working Paper Fresh start or head start? Uniform bankruptcy exemptions and welfare, Working Paper (2004) View citations (8) (2004)
55. Unsecured debt with public insurance: From bad to worse
    Journal of Monetary Economics, 2006, 53, (4), 797-825 View citations (32)
    See also Working Paper Unsecured debt with public insurance: from bad to worse, Working Paper (2004) View citations (4) (2004)

2005

56. Equilibrium models of personal bankruptcy: a survey
    Economic Quarterly, 2005, 91, (Spr), 73-98 View citations (20)
57. Opinion: The economics of bankruptcy
    Econ Focus, 2005, 9, (Sum), 56
58. Risky higher education and subsidies
    Journal of Economic Dynamics and Control, 2005, 29, (6), 979-1023 View citations (55)
    See also Working Paper Risky higher education and subsidies, Working Paper (2003) View citations (2) (2003)

2004

59. Shame as it ever was: stigma and personal bankruptcy
    Economic Quarterly, 2004, 90, (Spr), 1-19 View citations (47)

2003

60. Unemployment insurance and personal bankruptcy
    Economic Quarterly, 2003, 89, (Spr), 33-53 View citations (2)

2002

61. Welfare implications of the Bankruptcy Reform Act of 1999
    Journal of Monetary Economics, 2002, 49, (8), 1567-1595 View citations (151)

2001

62. The growth of unsecured credit: are we better off?
    Economic Quarterly, 2001, (Sum), 11-33 View citations (15)

Books

2014

1. Big Ideas in Macroeconomics: A Nontechnical View, vol 1
   MIT Press Books, The MIT Press View citations (2)

Software Items

2023

1. Code and data files for "Incarceration, Employment and Earnings: Dynamics and Differences"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Incarceration, Employment and Earnings: Dynamics and Differences, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (2) (2023)

2014

2. Code and data files for "Labor Market Upheaval, Default Regulation, and Consumer Debt"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Labor Market Upheaval, Default Regulation, and Consumer Debt, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2015) View citations (17) (2015)