Journal Article
Labor, Race, and COVID-19
Hertzberg, Andrew (2023-03-27)
The pandemic altered long-standing racial differences in how workers experience the labor market
Economic Insights , Volume 8 , Issue 1 , Pages 2-10

Working Paper
Screening on Loan Terms: Evidence from Maturity Choice in Consumer Credit
Liberman, Andres; Paravisini, Daniel; Hertzberg, Andrew (2018-01-31)
We exploit a natural experiment in the largest online consumer lending platform to provide the first evidence that loan terms, in particular maturity choice, can be used to screen borrowers based on their private information. We compare two groups of observationally equivalent borrowers who took identical unsecured 36-month loans; for only one of the groups, a 60-month loan was also available. When a long-maturity option is available, fewer borrowers take the short-term loan, and those who do default less. Additional findings suggest borrowers self-select on private information about their ...
Working Papers , Paper 18-5

Journal Article
Kitchen Conversations: How Households Make Economic Choices
Hertzberg, Andrew (2019-10)
Economists have studied decision-making for centuries, but how do households, as opposed to individuals, make decisions? The future of personal finance may rest on the answers.
Economic Insights , Volume 4 , Issue 4 , Pages 19-26