For several decades, the orthodox economics approach to understanding choice under risk
has been to assume that each individual person maximizes some sort of personal utility …

In this survey, we review the quantitative macroeconomic literature analyzing consumer debt
and default. We start by providing an overview of consumer bankruptcy law in the US and …

What is the optimal consumer bankruptcy law? I answer this question using an incomplete
markets life-cycle model with a planner who can choose state-contingent bankruptcy costs. I …

In this survey, we review the quantitative macroeconomic literature analyzing consumer debt
and default. We start by providing an overview of consumer bankruptcy law in the US and …

This dissertation studies questions in macroeconomics focusing on consumer finance and
default using quantitative methods. It contains three self-contained chapters. Chapter 1 is …

How do financial frictions affect household borrowing and default behavior? To what extent
does frictional financial intermediation influence the welfare implications of consumer …

Since the 1980s, household debt has been increasing rapidly. The high level of household
indebtedness has been accompanied by a high household bankruptcy rate. My research …