Nicholas S. Souleles Faculty Profile

Nicholas S. Souleles
Michael L. Tarnopol Associate Professor; Associate 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 consumption, saving/borrowing, and investments

Current Projects
Consumer credit: 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: the effects of credit constraints, taxes and college tuition; the role of consumer confidence.

Academic Positions Held
Wharton: 1995-present (named Michael L. Tarnopol, 2007; 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; MBA Core Curriculum Award, 1998, 1999, 2000

Representative Publications
(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).

"The Response of Household Consumption to Income Tax Refunds." American Economic Review (1999).