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Research Interests
My research interests are in macroeconomics and consumer finance. My current interests include the roles of asymmetric information for credit allocation over the life-cycle, student loan guarantees for inequality, and labor supply for household risk-management.
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Biography
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Academic
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Economic
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Professional Experience
Kartik Athreya is a senior economist and research advisor in the Research Department. His work has been published in the Journal of Monetary Economics, the Journal of Economic Dynamics and Control, and other academic journals. Recently, he taught a Ph.D. course at the University of Virginia.
Prior to joining the Richmond Fed in 2000, Athreya worked at Citibank in New York City.
Education
Ph.D., University of Iowa, 2000
B.S., Iowa State University, 1993
"A Quantitative Theory of Information and Unsecured Credit" (with Xuan Tam and Eric Young). American Economic Journal: Macroeconomics (forthcoming).
"Credit and Self-Employment" (with Ahmet Akyol). Journal of Economic Dynamics and Control 35, no. 3 (March 2011): 363-385.
"Self-Employment Rates and Business Size: The Roles of Occupational Choice and Credit Market Frictions" (with Ahmet Akyol). Annals of Finance 5, no. 3-4 (June 2009): 495-519.
“Unsecured Credit Markets Are Not Insurance Markets” (with Xuan S. Tam and Eric R. Young). Journal of Monetary Economics 56, no. 1 (January 2009): 83-103.
“Default, Insurance, and Debt over the Life-Cycle.” Journal of Monetary Economics 55, no. 4 (May 2008): 752-774.
“Fresh Start or Head Start? Uniform Bankruptcy Exemptions and Welfare.” Journal of Economic Dynamics and Control 30, no. 11 (November 2006): 2051-2079.
“Unsecured Debt with Public Insurance: From Bad to Worse” (with Nicole B. Simpson). Journal of Monetary Economics 53, no. 4 (May 2006): 797-825.
“Risky Higher Education and Subsidies” (with Ahmet Akyol). Journal of Economic Dynamics and Control 29, no. 6 (June 2005): 979-1023.
“Welfare Implications of the Bankruptcy Reform Act of 1999.” Journal of Monetary Economics 49, no. 8 (November 2002): 1567-1595.
| Issue | Title | Author(s) |
|---|---|---|
| Third Quarter 2010 | Earned Income Tax Credit Recipients: Income, Marginal Tax Rates, Wealth, and Credit Constraints |
Kartik B. Athreya
Devin Reilly Nicole B. Simpson |
| Winter 2009 | Consumption Smoothing and the Measured Regressivity of Consumption Taxes |
Kartik B. Athreya
Devin Reilly |
| Winter 2008 | Credit Access, Labor Supply, and Consumer Welfare |
Kartik B. Athreya
|
| Winter 2007 | Implications of Some Alternatives to Capital Income Taxation |
Kartik B. Athreya
Andrea L. Waddle |
| Winter 2006 | Credit Exclusion in Quantitative Models of Bankruptcy: Does It Matter? |
Kartik B. Athreya
Hubert P. Janicki |
| Spring 2005 | Equilibrium Models of Personal Bankruptcy: A Survey |
Kartik B. Athreya
|
| Spring 2004 | Shame As It Ever Was: Stigma and Personal Bankruptcy |
Kartik B. Athreya
|
| Spring 2003 | Unemployment Insurance and Personal Bankruptcy |
Kartik B. Athreya
|
| Summer 2001 | The Growth of Unsecured Credit: Are We Better Off? |
Kartik B. Athreya
|
| Paper | Title | Author(s) |
|---|---|---|
| 11-06 October 2011 |
Loan Guarantees for Consumer Credit Markets |
Kartik B. Athreya
Xuan S. Tam Eric R. Young |
| 09-11 August 2009 |
Are Harsh Penalties for Default Really Better? |
Kartik B. Athreya
Xuan S. Tam Eric R. Young |
| 09-5 April 2009 |
Credit and Self-Employment |
Kartik B. Athreya
Ahmet Akyol |
| 08-6R October 2008 |
A Quantitative Theory of Information and Unsecured Credit (Revised July 2011) |
Kartik B. Athreya
Xuan S. Tam Eric R. Young |
| 03-14R November 2003 |
Unsecured Debt with Public Insurance: From Bad to Worse (Revised: Nov. 2004) |
Kartik B. Athreya
Nicole B. Simpson |
| 03-3R May 2003 |
Fresh Start or Head Start? Uniform Bankruptcy Exemptions and Welfare (Revised: Jul. 2004) |
Kartik B. Athreya
|
| 03-2 August 2003 |
Risky Higher Education and Subsidies | Ahmet Akyol Kartik B. Athreya |
| Essay | Title | Author(s) |
|---|---|---|
| 11-03 March 2011 |
The Earned Income Tax Credit: Recipients, Labor Force Participation, and Credit Constraints |
Kartik B. Athreya
Aaron Steelman |
| 09-10 October 2009 |
The Case for Direct Methods to Address CO2 Emissions and Other Negative Environmental Externalities |
Kartik B. Athreya
Renee Haltom |
| 09-08 August 2009 |
Recent Fiscal Policy and the Manipulation of Aggregate Economic Activity |
Kartik B. Athreya
Renee Haltom |
| 09-03 March 2009 |
Rationalizing Financial Literacy Policy |
Kartik B. Athreya
Anne Stilwell |
| Year | Title | Author(s) |
|---|---|---|
| 2009 | Systemic Risk and the Pursuit of Efficiency | Kartik B. Athreya |
“Coordination and the Case for a Fresh Start” (with Borghan N. Narajabad).
“How Equal Does the Equal Credit Opportunity Act Make Us?” (with Xuan S. Tam and Eric R. Young).
“The Private Equity Premium is Not Puzzling” (with Ahmet Akyol).
“Self-Employment Rates and Business Size: The Roles of Occupational Choice and Financial Frictions” (with Ahmet Akyol). Working paper, York University, June 5, 2008.
“Unsecured Credit and Self-Employment” (with Ahmet Akyol). Working paper, York University, April 28, 2008.
“Does Rising Income Risk Lead to Better Risk Sharing?” (with Xuan S. Tam and Eric R. Young). Working paper, University of Virginia, April 6, 2008.
“A Quantitative Theory of Information and Unsecured Credit” (with Xuan S. Tam and Eric R. Young). Working paper, University of Virginia, November 1, 2007.
