Jialan Wang

Jialan Wang

Assistant Professor of Finance

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Contact

470 D Wohlers Hall

1206 S. Sixth

Champaign, IL 61820

217-300-4697

jialanw@illinois.edu

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Educational Background

  • Ph.D., Financial Economics, Massachusetts Institute of Technology, 2010
  • B.S., Mathematics, California Institute of Technology, 2003

Positions Held

  • Assistant Professor of Finance, Finance, University of Illinois, 2016 to present
  • Visiting Assistant Professor, The Wharton School, University of Pennsylvania, 2014
  • Economist, Consumer Financial Protection Bureau, 2012-2016
  • Assistant Professor of Finance, Olin Business School Washington University in St. Louis, 2010-2012

Recent Publications

  • Wang, J., Gross, T., & Notowidigdo, M. Forthcoming. The Marginal Propensity to Consume Over the Business Cycle. American Economic Journal: Macroeconomics.
  • Wang, J., & Keys, B. (2019). Minimum Payments and Debt Paydown in Consumer Credit Cards. Journal of Financial Economics.

Other Publications

Articles

  • Wang, J., Gross, T., Swanson, A., & Allen, H. (2017). Early Medicaid Expansion Reduced Payday Borrowing Among Low-Income Adults in California. Health Affairs, 36(10).
  • Wang, J., Notowidigdo, M., & Gross, T. (2014). Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates. Review of Economics and Statistics, (3), 96(3).
  • Wang, J., Graff-Zivin, J., & Azoulay, P. (2010). Superstar Extinction. Quarterly Journal of Economics.
  • Wang, J., Lerner, J., & Schoar, A. (2008). Secrets of the Academy: The Drivers of University Endowment Success. Journal of Economic Perspectives.
  • Wang, J., Wilke, C., Ofria, C., Lenski, R., & Adami, C. (2001). Evolution of Digital Organisms at High Mutation Rates Leads to Survival of the Flattest. Nature.

Other Publications

  • Wang, J., Burke, K., Lanning, J., & Leary, J. (2014). CFPB Data Point: Payday Lending.
  • Wang, J. (2013). Payday Loans and Deposit Advance Products: A White Paper of Initial Data Findings.

Presentations

  • Wang, J. (2019). When Is It Hard to Make Ends Meet? Boston College seminar.
  • Wang, J. (2019). The Economic Consequences of Bankruptcy Reform. AEA Annual Meeting.
  • Wang, J. (2018). Information Disclosure and Payday Lending in Texas. SFS Cavalcade.
  • Wang, J. (2018). The Marginal Propensity to Consume Over the Business Cycle. SFS Cavalcade.
  • Wang, J. (2017). When Is It Hard to Make Ends Meet? NBER Summer Institute 2017 Household Finance.
  • Wang, J. (2017). When Is It Hard to Make Ends Meet? SFS Cavalcade.
  • Wang, J. (2017). The Marginal Propensity to Consume Over the Business Cycle. Northwestern University, Kellogg School of Management.
  • Wang, J. (2017). The Marginal Propensity to Consume Over the Business Cycle. CFIC.
  • Wang, J. (2017). The Marginal Propensity to Consume Over the Business Cycle. MFA Conference in Chicago.

Working Papers

  • Wang, J., & Skimmyhorn, W. The Effect of Government Pensions on Labor Supply, Savings, and Financial Well-Being.
  • Wang, J., & Baugh, B. When Is It Hard to Make Ends Meet.
  • Wang, J., & Leary, J. Liquidity Constraints and Budgeting Mistakes: Evidence from Social Security Recipients.
  • Wang, J., Burke, K., & Leary, J. Information Disclosure and Payday Lending in Texas.
  • Wang, J., Gross, T., Kluender, R., Liu, F., & Notowidigdo, M. The Economic Consequences of Bankruptcy Reform.
  • Wang, J., Gross, T., & Deshpande, M. The Effect of Government Cash Assistance on Household Financial Outcomes.

Grants

  • The Effect of Government Pensions on Labor Supply, Savings, and Financial Well-Being, National Bureau of Economic Research - Retirement and Disability Research Consortium, 2018-2019
  • The Effect of Government Pensions on Labor Supply, Savings, and Financial Well-Being, Retirement Research Consortium, 2018-2018
  • NBER Disability Research Center grant-“The Effect of Government Cash Assistance on Household Financial Outcomes”, National Bureau of Economic Research, 2017
  • The Effect of Government Pensions on Labor Supply, Savings, and Financial Well-Being, TIAA Institute & Pension Research Council, 2017
  • NBER Disability Research Center grant-“The Effect of Government Cash Assistance on Household Financial Outcomes”, National Bureau of Economic Research, 2016
  • NBER Household Finance small grant-“The Effect of Government Cash Assistance on Household Financial Outcomes”, National Bureau of Economic Research, 2016
  • NBER Retirement Research Center grant-"Social Security Benefits and Household Budgeting", National Bureau of Economic Research, 2016
  • Washington Center for Equitable Growth-“The Effect of Government Cash Assistance on Household Financial Outcomes”, Equitable Growth, 2016

Research Interests

Household Finance, Fintech, Behavioral Economics

Current Courses

  • Personal Wealth Management (FIN 435) Studies personal wealth management techniques with an emphasis on life insurance products; covers life insurance policies, annuities, trusts, buy-sell arrangements, investing in stocks, bonds and mutual funds, banking and barrowing, purchasing residential and commercial real estate, income and estate taxation and management of personal financial portfolio.

  • Individual Study and Research (FIN 590) Directed reading and research.

Contact

470 D Wohlers Hall

1206 S. Sixth

Champaign, IL 61820

217-300-4697

jialanw@illinois.edu

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Google Scholar

Website

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