Staff Economists

Kartik Athreya

headshot of Kartik Athreya

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.

Professional Experience

Kartik Athreya is senior vice president and research director of the Research Department. Athreya's work has been published in the Journal of Monetary Economics, American Economic Journal: Macroeconomics, the Review of Economic Dynamics, the Journal of Economic Dynamics and Control, and other academic journals. He is also an associate editor at the Journal of Economic Dynamics and Control. Recently, Athreya taught a doctoral 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

Curriculum vitae

"Labor Market Upheaval, Default Regulations, and Consumer Debt" (with Juan Sanchez, Xuan Tam, and Eric Young). Review of Economic Dynamics (forthcoming).

"A Quantitative Theory of Information and Unsecured Credit" (with Xuan Tam and Eric Young). American Economic Journal: Macroeconomics 4, no. 3 (July 2012): 153-183.

"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.

Fourth Quarter 2012

Debt Default and the Insurance of Labor Income Risk

Kartik B. Athreya, Xuan S. Tam and Eric R. Young

Third Quarter 2010

Earned Income Tax Credit Recipients: Income, Marginal Tax Rates, Wealth, and Credit Constraints

Kartik B. Athreya, Devin Reilly and Nicole B. Simpson

Winter 2009

Consumption Smoothing and the Measured Regressivity of Consumption Taxes

Kartik B. Athreya and Devin Reilly

Winter 2007

Implications of Some Alternatives to Capital Income Taxation

Kartik B. Athreya and Andrea L. Waddle

Winter 2006

Credit Exclusion in Quantitative Models of Bankruptcy: Does It Matter?

Kartik B. Athreya and Hubert P. Janicki

Spring 2003

Unemployment Insurance and Personal Bankruptcy

Kartik B. Athreya

June 2015, No. 15-07

Stock Market Investment: The Role of Human Capital

Kartik B. Athreya, Felicia Ionescu and Urvi Neelakantan

April 2014, No. 14-11R

Young Unskilled Women and the Earned Income Tax Credit: Insurance Without Disincentives? (Revised July 2014)

Kartik B. Athreya, Devin Reilly and Nicole B. Simpson

March 2013, No. 13-02R

The College Premium, College Noncompletion, and Human Capital Investment

Kartik B. Athreya and Janice Eberly

October 2011, No. 11-06

Loan Guarantees for Consumer Credit Markets

Kartik B. Athreya, Xuan S. Tam and Eric R. Young

August 2009, No. 09-11

Are Harsh Penalties for Default Really Better?

Kartik B. Athreya, Xuan S. Tam and Eric R. Young

April 2009, No. 09-5

Credit and Self-Employment

Kartik B. Athreya and Ahmet Akyol

October 2008, No. 08-6R

A Quantitative Theory of Information and Unsecured Credit (Revised July 2011)

Kartik B. Athreya, Xuan S. Tam and Eric R. Young

November 2003, No. 03-14R

Unsecured Debt with Public Insurance: From Bad to Worse (Revised: Nov. 2004)

Kartik B. Athreya and Nicole B. Simpson

August 2003, No. 03-2

Risky Higher Education and Subsidies

Kartik B. Athreya and Ahmet Akyol

May 2014, No. 14-05

Expanding the Scope of Workforce Development

Kartik B. Athreya, Urvi Neelakantan and Jessie Romero

July 2013, No. 13-07

Land of Opportunity? Economic Mobility in the United States

Kartik B. Athreya and Jessie Romero

June 2013, No. 13-06

Implications of Risks and Rewards in College Decisions

Kartik B. Athreya and David A. Price

April 2012, No. 12-04

The Spice of Life: Allowing for Heterogeneity in Macro Models

Kartik B. Athreya and Renee Haltom

March 2011, No. 11-03

The Earned Income Tax Credit: Recipients, Labor Force Participation, and Credit Constraints

Kartik B. Athreya and Aaron Steelman

August 2009, No. 09-08

Recent Fiscal Policy and the Manipulation of Aggregate Economic Activity

Kartik B. Athreya and Renee Haltom

March 2009, No. 09-03

Rationalizing Financial Literacy Policy

Kartik B. Athreya and Anne Stiwell

“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.

Contact Us