What's new
[1] Partisan Borders: Political Ideology and Frictions in Interstate Job-to-Job Flows (Sole-author)
This study shows that political ideology misalignment reduces interstate job-to-job flows between two states and the effects are especially stronger in recent years.
Presentations: MFA 2026 (scheduled), World Bank Institutions and Prosperity Conference: Supporting Firms and Workers (scheduled), The Friends of Women in Finance 4th Symposium in Greater New York 2025.
[2] AI Exposure and Household Financial Fragility with Feng Jiang and Yiming Qian
We construct a new county-level AI exposure measure and show that households in high AI exposure counties experience lower bank deposit growth, reduced equity investment growth in high AI-exposed industries, borrow less, and higher student loan and credit card delinquencies. High AI exposure counties also show weaker employment growth, lower wages, and reduced GDP growth. The results underscore household financial fragility following the generative AI adoption.
Presentations: The Friends of Women in Finance 4th Symposium in Greater New York 2025, Nanjing University 2025*, Fudan University 2025*, SUNY Buffalo 2024.
[3] Asymmetric Information and Asset Sales versus Mergers and Acquisitions with Anand Vijh
We propose average absolute value of cumulative abnormal returns around earnings announcements (ACARE) as a measure of asymmetric information about a firm’s value.
Presentations: University of Iowa 2025, Miami University 2025, University of Toledo 2025, FMA 2025
Media coverage: Columbia Law School Blue Sky Blog
