In household finance markets, inactive households can implicitly cross-subsidize active
households who promptly respond to financial incentives. We assess the magnitude and …

This paper provides novel evidence on lenders' mortgage pricing and how central bank
policies affected it. Using the universe of mortgages originated in the UK, we show that …

I use a structural model to quantify the cross-subsidization in the US mortgage market due to
heterogeneous borrower refinancing tendencies. In equilibrium, the presence of borrowers …

Long-term fixed-rate mortgage contracts protect households against interest rate risk, yet
most countries have relatively short interest rate fixation lengths. Using administrative data …

Despite the near ubiquity of inter-temporal choice, there is little consensus on the rate at
which individuals trade present and future costs and benefits. We contribute to this debate …

This thesis is comprised of three chapters that study individual and household behavior in
markets where they are subject to choice frictions. Chapters 1 and 2 study workers in the gig …