
Contact
470 D Wohlers Hall
1206 S. Sixth
Champaign, IL 61820
Listings
Educational Background
- Ph.D., Financial Economics, Massachusetts Institute of Technology, 2010
- B.S., Mathematics, California Institute of Technology, 2003
Positions Held
- Faculty Research Fellow, National Bureau of Economic Research, 2021 to present
- 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., Burke, K., & Leary, J. (2022). The Effects of Disclosure and Enforcement on Payday Lending in Texas. Journal of Financial Economics, 145 (2), 489-507.
- Wang, J., Gross, T., Kluender, R., Liu, F., & Notowidigdo, M. (2021). The Economic Consequences of Bankruptcy Reform. American Economic Review, 111 (7), 2309-41. link >
Other Publications
Articles
- Wang, J., Gross, T., & Notowidigdo, M. (2020). The Marginal Propensity to Consume Over the Business Cycle. American Economic Journal: Macroeconomics, 12 (2), 351-84. link >
- Wang, J., & Keys, B. (2019). Minimum Payments and Debt Paydown in Consumer Credit Cards. Journal of Financial Economics, 131 (3), 528-548.
- 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). link >
- Wang, J., Notowidigdo, M., & Gross, T. (2014). Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates. Review of Economics and Statistics, 96 (3), 431-443.
- Wang, J., Graff-Zivin, J., & Azoulay, P. (2010). Superstar Extinction. Quarterly Journal of Economics, 125 (2), 549-589.
- Wang, J., Lerner, J., & Schoar, A. (2008). Secrets of the Academy: The Drivers of University Endowment Success. Journal of Economic Perspectives, 22 (3), 207-22. link >
- 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, 412 331-333.
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. (2023). To Pay or Autopay? Fintech Innovation and Credit Card Payments. Conference on Market-Based Solutions for Reducing Wealth Inequality (UNC.
- Wang, J. (2023). How Much Do Small Businesses Rely on Personal Credit? Duke University.
- Wang, J. (2022). Bankruptcy and the COVID-19 Crisis. University of California, Berkeley.
- Wang, J. (2022). To Pay or Autopay? Fintech Innovation and Credit Card Payments. The Office of the Comptroller of the Currency (OCC) Fintech Symposium.
- Wang, J. (2022). Bankruptcy and the COVID-19 Crisis. Federal Reserve of New York.
- Wang, J. (2022). Bankruptcy and the COVID-19 Crisis. Harvard Business School.
- Wang, J. (2022). Bankruptcy and the COVID-19 Crisis. Claremont McKenna College.
- Wang, J. (2022). To Pay or Autopay? Fintech Innovation and Credit Card Payments. RAND Behavioral Finance Forum.
- Wang, J. (2022). To Pay or Autopay? Fintech Innovation and Credit Card Payments. University of Chicago Household Finance Conference.
- Wang, J. (2022). Bankruptcy and the COVID-19 Crisis. University of Connecticut Macro Seminar.
- Wang, J. (2022). Bankruptcy and the COVID-19 Crisis. Imperial College Seminar.
- Wang, J. (2022). Bankruptcy and the COVID-19 Crisis. University of Washington Seminar.
- Wang, J. (2022). Bankruptcy and the COVID-19 Crisis. University of Toronto Seminar.
- Wang, J. (2022). How Much Do Small Businesses Rely on Personal Credit? AEA.
- Wang, J. (2022). The Online Payday Loan Premium. AEA.
- Wang, J. (2022). To Pay or Autopay? Fintech Innovation and Credit Card Payments. University of Illinois Seminar.
- Wang, J. (2021). Bankruptcy and the COVID-19 Crisis. Emory Finance Seminar.
- Wang, J. (2021). Consumer Bankruptcy and Race in the United States. UIUC Finance Seminar.
- Wang, J. (2021). Consumer Bankruptcy and Race in the United States. University of Chicago Household Finance Conference.
- Wang, J. (2021). Bankruptcy and the COVID-19 Crisis. PUC Chile.
- Wang, J. (2021). Bankruptcy and the COVID-19 Crisis. Federal Reserve Board.
- Wang, J. (2021). Bankruptcy and the COVID-19 Crisis. NBER - Spring Conference on Corporate Finance.
- Wang, J. (2021). Bankruptcy and the COVID-19 Crisis. Federal Reserve Bank of Boston.
- Wang, J. (2020). Bankruptcy and the COVID-19 Crisis. Virtual Finance Seminar.
- Wang, J. (2020). Bankruptcy and the COVID-19 Crisis. University of Wisconsin Madison.
- Wang, J. (2020). Bankruptcy and the COVID-19 Crisis. WAPFIN - NYU.
- Wang, J. (2020). The Effects of Disclosure and Enforcement on Payday Lending in Texas. National University of Singapore.
- Wang, J. (2020). Bankruptcy and the COVID-19 Crisis. NBER Summer Institute - Household Finance.
- Wang, J. (2020). Bankruptcy and the COVID-19 Crisis. Stigler Center.
- Wang, J. (2020). The Economic Consequences of Bankruptcy Reform. MoFIR Virtual Banking Seminar.
- Wang, J. (2020). The Economic Consequences of Bankruptcy Reform. SFS Cavalcade North America.
- Wang, J. (2020). Bankruptcy and the COVID-19 Crisis. Virtual Finance & Economics Conference - Finance in the Cloud.
- Wang, J. (2019). When Is It Hard to Make Ends Meet? Labor and Finance Conference.
- 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). When Is It Hard to Make Ends Meet? NBER Summer Institute 2018 Public Economics.
- 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
- Han, P., Wang, J., & Correia, F. The Online Payday Loan Premium.
- Wang, J. To Pay or Autopay? Fintech Innovation and Credit Card Payments.
- Wang, J., & Fonseca, J. How Much Do Small Businesses Rely on Personal Credit.
- Wang, J., Goldsmith-Pinkham , P., & Scott, D. Consumer Bankruptcy and Race in the United States.
- Wang, J., Yang, J., Benjamin Iverson, B., & Jiang, R. Bankruptcy and the COVID-19 Crisis.
- Keys , B., & Wang, J. The Evolution of Credit Card Contracts: Risk-Based or Bias-Based.
- 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.
Honors and Awards
- AWS Greg Gulick Honorary Award, University of Illinois, 2021
Grants
- The Economic Effects of Small Business and Consumer Credit: Cutting-edge Data and Research Using the GCCP, University of Illinois at Urbana Champaign Gies Gift, 2021-2024
- Effects of the COVID-19 Crisis on Households and Firms, University of Illinois at Urbana Champaign Gulick AWS Grant, 2021-2022
- How Much Do Small Businesses Rely on Personal Credit?, NBER Household Finance, 2021-2022
- The Evolution of Credit Card Contracts: Risk-based or Bias-based?, University of Illinois at Urbana-Champaign Campus Research Board, 2020-2022
- 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
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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.
Contact
470 D Wohlers Hall
1206 S. Sixth
Champaign, IL 61820