Nicholas S. Souleles Faculty Profile

Nicholas S. Souleles
Michael L. Tarnopol Professor; Professor of Finance

PhD, Massachusetts Institute of Technology, 1995; BA, University of Oxford, 1991; BSE, Princeton University, 1988

Research Areas
Applied econometrics, finance, and macroeconomics; Household finance: household consumption, saving/borrowing, and investments

Current Projects
Tax Rebates, Consumer credit: relationship lending, bankruptcy and default, credit cards, securitization and portfolio analysis. Housing and rental markets. Household portfolio choice: transactions costs and hedging motives; online financial services. Physician income and practice behavior. The relationship of household consumption and saving to income: e.g., the effects of credit constraints, taxes, college tuition, and consumer confidence.

Academic Positions Held
Wharton: 1995-present (named Michael L. Tarnopol Professor, 2008; named Michael L. Tarnopol Associate Professor, 2007-08, named Gilbert and Shelly Harrison Term Assistant Professor of Finance, 2000-2002)

Other Positions
National Bureau of Economic Research, 2001-present; Visiting Scholar, Federal Reserve Bank of Philadelphia, 2002-2007.

Career and Recent Professional Awards; Teaching Awards
Lindback Teaching Award (University of Pennsylvania), 2006; David W. Hauck Undergraduate Teaching Award (Wharton), 2004; Marc and Sheri Rapaport Undergraduate Core Teaching Award (Wharton), 1997, 2003, 2007; Undergraduate Excellence in Teaching Award (Wharton), 2004, 2005, 2008; MBA Core Curriculum Award, 1998, 1999, 2000

Representative Publications
(with D. Johnson and J. Parker)
“Household Expenditure and the Income Tax Rebates of 2001,” American Economic Review (2006).

(with T. Sinai)
“Owner-Occupied Housing as a Hedge against Rent Risk,” Quarterly Journal of Economics (2005).

(with D. Gross)
"An Empirical Analysis of Personal Bankruptcy and Delinquency." Review of Financial Studies (2002).

(with D. Gross)
"Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data." Quarterly Journal of Economics (2002).