Details about Wenli Li

Workplace:

Research Department, Federal Reserve Bank of Philadelphia, (more information at EDIRC)

Access statistics for papers by Wenli Li.

Last updated 2023-02-24. Update your information in the RePEc Author Service.

Short-id: pli1040

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Working Papers

2024

1. Demographic Transition, Industrial Policies and Chinese Economic Growth
   Working Papers, Federal Reserve Bank of Dallas
   Also in Working Papers, Federal Reserve Bank of Philadelphia (2022)

2023

2. The Opioid Epidemic and Consumer Credit Supply: Evidence from Credit Cards
   Working Papers, Federal Reserve Bank of Philadelphia

2022

3. Consumer Bankruptcy, Mortgage Default and Labor Supply
   Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (2)

2020

4. Real Estate Taxes and Home Value: Winners and Losers of TCJA
   Working Papers, Federal Reserve Bank of Philadelphia View citations (2)

2019

5. Demographic Aging, Industrial Policy, and Chinese Economic Growth
   Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
6. Institutional Investors and the U.S. Housing Recovery
   Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
7. Leaving Households Behind: Institutional Investors and the U.S. Housing Recovery
   Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
8. Population Aging, Credit Market Frictions, and Chinese Economic Growth
   Working Papers, Federal Reserve Bank of Philadelphia

2016

9. An anatomy of U.S. personal bankruptcy under Chapter 13
   Staff Reports, Federal Reserve Bank of New York
   Also in Working Paper, Federal Reserve Bank of Richmond (2007) View citations (2)
   Working Papers, Federal Reserve Bank of Philadelphia (2014) View citations (5)
   Working Papers, Federal Reserve Bank of Philadelphia (2007) View citations (3)
10. The dynamics of subprime adjustable-rate mortgage default: a structural estimation
    Working Papers, Federal Reserve Bank of Philadelphia View citations (3)

2015

11. Housing over time and over the life cycle: a structural estimation
    Working Papers, Federal Reserve Bank of Philadelphia View citations (12)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2009) View citations (31)
12. The Dynamics of Adjustable-Rate Subprime Mortgage Default: A Structural Estimation
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (1)

2014

13. Credit Access after Consumer Bankruptcy Filing: New Evidence
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (13)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2014) View citations (5)
14. Home Production and Social Security Reform
    Departmental Working Papers, Department of Economics, Louisiana State University View citations (18)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2012) View citations (9)
    2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (9)
    See also Journal Article Home production and Social Security reform, European Economic Review, Elsevier (2015) View citations (14) (2015)
15. Recourse and residential mortgages: the case of Nevada
    Working Papers, Federal Reserve Bank of Philadelphia
16. Using Bankruptcy to Reduce Foreclosures: Does Strip-down of Mortgages Affect the Supply of Mortgage Credit?
    CESifo Working Paper Series, CESifo View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (1)
    Working Papers, Federal Reserve Bank of Philadelphia (2014) View citations (1)

2013

17. Credit access and credit performance after consumer bankruptcy filing: new evidence
    Working Papers, Federal Reserve Bank of Philadelphia
18. Renegotiating Distressed Mortgage Loans: A Structural Estimation
    2013 Meeting Papers, Society for Economic Dynamics

2011

19. Residential Mortgage Default and Consumer Bankruptcy: Theory and Empirical Evidence
    2011 Meeting Papers, Society for Economic Dynamics

2010

20. Consumption and Home Production over the Life Cycle
    2010 Meeting Papers, Society for Economic Dynamics View citations (1)
21. Consumption and time use over the life cycle
    Working Papers, Federal Reserve Bank of Philadelphia View citations (13)
22. Did Bankruptcy Reform Cause Mortgage Default to Rise?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article Did Bankruptcy Reform Cause Mortgage Defaults to Rise?, American Economic Journal: Economic Policy, American Economic Association (2011) View citations (65) (2011)
23. Did bankruptcy reform cause mortgage default rates to rise?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (17)

2009

24. Deconstructing Life-cycle Consumption with Home Production
    2009 Meeting Papers, Society for Economic Dynamics
25. Mortgage Default, Foreclosure, and Bankruptcy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)

2008

26. Housing Over the Life Cycle: A Structural Estimation
    2008 Meeting Papers, Society for Economic Dynamics View citations (2)
27. The homeownership experience of households in bankruptcy
    Working Papers, Federal Reserve Bank of Philadelphia View citations (10)

2007

28. A Structural Model of Chapter 13 Personal Bankruptcy
    2007 Meeting Papers, Society for Economic Dynamics View citations (1)

2006

29. The Dynamics of Chapter 13 Bankruptcy
    2006 Meeting Papers, Society for Economic Dynamics View citations (1)

2005

30. The life-cycle effects of house price changes
    Working Papers, Federal Reserve Bank of Philadelphia View citations (6)
    See also Journal Article The Life-Cycle Effects of House Price Changes, Journal of Money, Credit and Banking, Blackwell Publishing (2007) View citations (107) (2007)

2004

31. A Model of Life-Cycle Housing Choices with Uninsurable Labor Income and House Price Risks
    2004 Meeting Papers, Society for Economic Dynamics View citations (3)
32. Fresh start or head start? The effect of filing for personal bankruptcy on the labor supply
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2004) View citations (6)

2003

33. Growth effects of progressive taxes
    Working Papers, Federal Reserve Bank of Philadelphia View citations (3)
    Also in Working Paper, Federal Reserve Bank of Richmond (2001)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (1)
34. The macroeconomics of U.S. consumer bankruptcy choice: Chapter 7 or Chapter 13?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (4)
    Also in Working Paper, Federal Reserve Bank of Richmond (2002) View citations (3)

2001

35. Growth Effects of Progressive Taxation
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)

2000

36. Investigating fluctuations in U.S. manufacturing: what are the direct effects of informational frictions?
    Working Paper, Federal Reserve Bank of Richmond

1999

37. Dynamic Employment and Hours Effects of Government Spending Shocks
    Staff Working Papers, Bank of Canada View citations (3)
    See also Journal Article Dynamic employment and hours effects of government spending shocks, Journal of Economic Dynamics and Control, Elsevier (2000) View citations (34) (2000)
38. Firm-specific learning and the investment behavior of large and small firms
    Working Paper, Federal Reserve Bank of Richmond
    See also Journal Article Firm-Specific Learning and the Investment Behavior of Large and Small Firms, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2003) View citations (6) (2003)

1998

39. Challenges and Choices in Post-Crisis East-Asia: Simulations of Investment Policy Reform in an Intertemporal,Global Model
    Working Papers, Department of Economics, Bilkent University View citations (1)
    Also in Working Paper, Federal Reserve Bank of Richmond (1998)
40. Skill Acquisition and Private Firm Creation in Transition Economies
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan
41. The dynamic effects of government spending shocks on employment and work hours
    Working Paper, Federal Reserve Bank of Richmond

1997

42. Entrepreneurship and government subsidies under capital constraints: a general equilibrium analysis
    Working Paper, Federal Reserve Bank of Richmond View citations (2)

Journal Articles

2023

1. The Economic Impact of the Opioid Epidemic
   Economic Insights, 2023, 8, (3), 8-15

2022

2. Real Estate Taxes and Home Value: Evidence from TCJA
   Review of Economic Dynamics, 2022, 43, 125-151 View citations (3)

2021

3. Largest Texas Metros Lure Big-City, Coastal Migrants During Pandemic
   Southwest Economy, 2021, (Fourth Quarter)
4. The Graying of Household Debt in the U.S
   Economic Insights, 2021, 6, (1), 2-7 View citations (1)

2020

5. Bankruptcy Filings in the Third District During COVID-19
   Economic Insights, 2020, 5, (3), 15-22

2018

6. Investing in Elm Street: What Happens When Firms Buy Up Houses?
   Economic Insights, 2018, 3, (3), 9-14 View citations (1)

2015

7. Home production and Social Security reform
   European Economic Review, 2015, 73, (C), 131-150 View citations (14)
   See also Working Paper Home Production and Social Security Reform, Departmental Working Papers (2014) View citations (18) (2014)
8. Smart money or dumb money: investors' role in the housing bubble
   Business Review, 2015, (Q1), 21-26 View citations (1)

2013

9. The economics of student loan borrowing and repayment
   Business Review, 2013, (Q3), 1-10 View citations (2)

2012

10. The economics of household leveraging and deleveraging
    Business Review, 2012, (Q3), 9-17

2011

11. Did Bankruptcy Reform Cause Mortgage Defaults to Rise?
    American Economic Journal: Economic Policy, 2011, 3, (4), 123-47 View citations (65)
    See also Working Paper Did Bankruptcy Reform Cause Mortgage Default to Rise?, NBER Working Papers (2010) View citations (14) (2010)

2010

12. American dream or American obsession? The economic benefits and costs of homeownership
    Business Review, 2010, (Q3), 20-30 View citations (10)
13. Mortgage foreclosure prevention efforts
    Economic Review, 2010, 95, (2) View citations (11)

2009

14. Residential housing and personal bankruptcy
    Business Review, 2009, (Q2), 19-29 View citations (1)
15. Skill shortages and labor market outcomes in Central Europe
    Economic Systems, 2009, 33, (1), 45-59 View citations (14)

2007

16. Fresh Start or Head Start? The Effects of Filing for Personal Bankruptcy on Work Effort
    Journal of Financial Services Research, 2007, 31, (2), 123-152 View citations (51)
17. The Life-Cycle Effects of House Price Changes
    Journal of Money, Credit and Banking, 2007, 39, (6), 1375-1409 View citations (107)
    See also Working Paper The life-cycle effects of house price changes, Working Papers (2005) View citations (6) (2005)
18. What do we know about Chapter 13 personal bankruptcy filings?
    Business Review, 2007, (Q4) View citations (2)

2006

19. U.S. consumer bankruptcy choice: The importance of general equilibrium effects
    Journal of Monetary Economics, 2006, 53, (3), 613-631 View citations (70)
20. Your house just doubled in value? Don't uncork the champagne just yet!
    Business Review, 2006, (Q1), 25-34

2005

21. Moving up: trends in homeownership and mortgage indebtedness
    Business Review, 2005, (Q1), 26-34 View citations (7)

2004

22. Progressive Taxation and Long-Run Growth
    American Economic Review, 2004, 94, (5), 1705-1716 View citations (72)

2003

23. Credit market frictions and their direct effects on U.S. manufacturing fluctuations
    Journal of Economic Dynamics and Control, 2003, 28, (3), 419-443 View citations (5)
24. Firm-Specific Learning and the Investment Behavior of Large and Small Firms
    International Economic Review, 2003, 44, (2), 599-625 View citations (6)
    See also Working Paper Firm-specific learning and the investment behavior of large and small firms, Working Paper (1999) (1999)

2002

25. Detecting and Diagnostic Checking Multivariate Conditional Heteroscedastic Time Series Models
    Annals of the Institute of Statistical Mathematics, 2002, 54, (1), 45-59 View citations (8)
26. Entrepreneurship and government subsidies: A general equilibrium analysis
    Journal of Economic Dynamics and Control, 2002, 26, (11), 1815-1844 View citations (52)

2001

27. To forgive or not to forgive: an analysis of U.S. consumer bankruptcy choices
    Economic Quarterly, 2001, (Spr), 1-22 View citations (5)

2000

28. Dynamic employment and hours effects of government spending shocks
    Journal of Economic Dynamics and Control, 2000, 24, (8), 1233-1263 View citations (34)
    See also Working Paper Dynamic Employment and Hours Effects of Government Spending Shocks, Staff Working Papers (1999) View citations (3) (1999)
29. How the Asian crisis affected the world economy: a general equilibrium perspective
    Economic Quarterly, 2000, (Spr), 35-59 View citations (7)

1998

30. Government loan, guarantee, and grant programs: an evaluation
    Economic Quarterly, 1998, (Fall), 25-52 View citations (13)

1997

31. Norms as a tool of analysis in the economics of education: A contribution of Massy and Zemsky
    Economics of Education Review, 1997, 16, (4), 367-370