Published and Accepted Papers
1. "Work From Home and the Office Real Estate Apocalypse". American Economic Review, Feb 2026, 116 (2): 674-709. [NBER WP #w30526 • SSRN • Published Version]
Co-authors: Arpit Gupta and Stijn Van Nieuwerburgh
(Selected) Featured in: Urban-Brookings Tax Policy Center Webcast • Freakonomics Podcast: The Unintended Consequences of Working from Home • Bloomberg • Bloomberg x2 • Bloomberg News • Financial Times • Financial Times x2 • Yahoo Finance • The New York Times: July 06, 2022 • The New York Times x2 • The New York Times x3 • Volcker Alliance • Fortune • GlobeSt • GlobeSt x2 • Vox.com • The Register • Phil Stock World • Axios.com • City Journal • Recode by Vox • Social Science Encyclopedia Video • Columbia Business School Press • The Real Deal • Amny • NYU Stern Press • Construction Dive • American City and County • BisNow • MSN • MarketProof • AIS Health • Seattle Times • Commercial Observer • All Work
(Selected) Presented at*: ASSA 2023 • The American Real Estate and Urban Economics Association (AREUEA) National Conference 2022 • AREUEA International Conference 2022 • PUC Chile 2022 • BIS 2024 • Boston Federal Reserve 2022 • NYU Stern 2022 • New York Federal Reserve 2022 • Stanford Remote Work Conference 2022 • Michigan Ross School of Business 2022 • Columbia Business School 2022 • Toronto Real Estate Conference 2022 • National University of Singapore 2022 • Urban Economics Association 2022 • HKUST 2022 • USC Macro-Finance 2022
2. "Flattening the Curve: Pandemic-induced Revaluation of Urban Real Estate" [NBER WP #w28675 • SSRN]
Journal of Financial Economics, Nov 2022, 146 (2), 594-636. November 2022 Editor's Choice Article.
Co-authors: Arpit Gupta, Jonas Peeters, and Stijn Van Nieuwerburgh
(Selected) Featured in: Covid Economics (Issue 69, Lead Article) • The New York Times • The Economist • VoxEU • Paul Milstein Center for Real Estate Research, Columbia Business School
(Selected) Presented at*: AFA 2022 • NBER Summer Institute 2021 • Triangle Macro-Finance Workshop 2021 • NYU Stern Seminar • Columbia Business School -- Finance Internal and Ph.D. • AREUEA 2021 • PERC 2021 • SFA 2021 • IRC 2021 • Wisconsin Madison.
3. "The Effect of Stock Ownership on Individual Spending, Investments, and Loyalty". February 2024. Accepted, Management Science. [NBER WP #w28479 • SSRN]
Co-authors: Paolina Medina and Michaela Pagel
Featured in: Market Watch • Columbia Business School Press • Texas A&M Mays Business School Press • Retail Bum
(Selected) Presented at*: AFA 2022 • Barnard Women's Applied Micro Seminar • Boston College • CEPR Workshop on New Consumption Data • Columbia PhD Lunch Seminar • Columbia Finance Lunch seminar • Columbia Pre Thesis Seminar • European Finance Association 2022 • Georgetown Fintech Apps Seminar • Inter-Finance Ph.D. Seminar • McIntire University of Virginia • SC Johnson College of Business, Cornell University • The Center for Financial Planning 2021 Academic Research Colloquium for Financial Planning and Related Disciplines • University of Maryland • University of Amsterdam • NBER SI 2021 – Household Finance • SAIF • ANU • Cesifo Conference • University of Vienna • University of Regensburg • University of Southern California • WFA 2021
Working Papers
4. "Reshuffling of Human Capital in Financial Intermediation" with Young Soo Jang, Zirui Song. April 2026. [SSRN]
(Selected) Presented at*: MIT Econometrics Clinic 2026 • ISB Summer Conference 2026
5. "Desperate Capital Breeds Productivity Loss: Evidence from Public Pension Investments in Private Equity". April 2025. [SSRN]
Fellowships, Awards: Jerome A. Chazen Institute for Global Business Doctoral Research Grant • Columbia Business School Finance Division Research Grant • The Eugene Lang Entrepreneurship Center PhD Fellowship • The Sanford C. Bernstein & Co. Center for Leadership and Ethics Doctoral Research Grant • WFA Brattle Group Ph.D. Candidate Award for Outstanding Research 2023 • Best Paper - Macroeconomics and Finance IGIDR 2023.
Featured in: Bloomberg Opinion • Regulatory Compliance Watch • The American Prospect
(Selected) Seminars: Stanford GSB 2024 • BIS 2023 • Dartmouth Finance 2023 • Fed New York 2022, 2023 • Fed Board 2021, 2023 • Rice Jonas Finance 2023 • Emory Finance 2023 • Cornell Finance 2023 • Boston College Finance 2023 • NC State Finance 2024 • NYU Stern Finance 2023 • LSE Finance 2023 • LBS Finance 2023 • Oxford Finance 2023 • CMU Finance 2023 • UNC Kenan-Flagler Finance 2023 • Duke Fuqua Finance 2023 • Michigan Ross Finance 2023 • UIC Finance 2023 • UIUC Gies Finance 2023 • Columbia Business School 2021, 2022, 2023.
(Selected) Conferences: NBER-PerCent 2024 • WFA 2023 • FIRS 2024 • EFA 2023 • CAFRAL 2023 • Columbia FE Colloquium 2022, 2023 • Columbia PE Conference 2023• IPC Symposium 2023 • NFA 2023.
6. "Private Capital Markets and Inequality" with Ararat Gocmen, Clara Martinez-Toledano. May 2026. [SSRN]
(Selected) Presented at*: NBER Public Economics 2025 • NBER SI Household Finance 2025 • WFA 2025 • EFA 2025 • FIRS 2025 • Northeastern Finance 2025 • CEPR Household Finance 2025 x2 • LBS Private Capital 2025 • WEFI Seminar 2025 • PERC Oxford 2025 • Lake District Workshop in Corporate Finance 2025 • Columbia PhD Alumni Conference 2025 • Lehigh Finance 2025 • NHH Norway 2023, 2024 • PSE 2023 • ESSEC Finance 2024 •UNC Finance 2024 • UCL Stone Center 2024, PhD 2024 • Tinbergen Institute Public Economics Workshop 2024 • Utrecht Economics 2024 • Luxembourg Economics 2024, Finance 2024 • European Stability Mechanism 2024 • Rome Junior Finance 2024 • Imperial Finance 2024 • ECB 2024 • Oxford Business Tax Symposium 2024 • EEA 2024 • Spanish Public Finance Workshop 2024 • NYU WAPFIN 2024 • LBS Finance 2024 • London Inequality Workshop 2024
Selected Work in Progress
7. "Private Equity and Lifecycle of the Firm" with Vadim Elenev
*includes presentations by co-authors