Wenli Li

Federal Reserve Bank of Philadelphia

Ten Independence Mall

Philadelphia, PA 19106-1574

United States

SCHOLARLY PAPERS

39

DOWNLOADS
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3,407

SSRN CITATIONS
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Top 6,019

in Total Papers Citations

84

CROSSREF CITATIONS

126

Scholarly Papers (39)

1.

The Homeownership Experience of Households in Bankruptcy

FRB of Philadelphia Working Paper No. 08-14
Number of pages: 31 Posted: 06 Sep 2008
Sarah W. Carroll and Wenli Li
United States Department of Justice and Federal Reserve Bank of Philadelphia
Downloads 335 (103,661)
Citation 3

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Homeownership, Chapter 13 personal bankruptcy, Foreclosure

2.

Government Loan, Guarantee, and Grant Programs: An Evaluation

FRB Richmond Economic Quarterly, vol. 84, no. 4, Fall 1998, pp. 25-51
Number of pages: 27 Posted: 21 Nov 2012
Wenli Li
Federal Reserve Bank of Philadelphia
Downloads 271 (130,114)
Citation 1

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3.

The Life-Cycle Effects of House Price Changes

FRB Philadelphia Working Paper No. 05-7
Number of pages: 39 Posted: 31 Jul 2005
Wenli Li and Rui Yao
Federal Reserve Bank of Philadelphia and Baruch College - Department of Economics and Finance
Downloads 271 (130,114)
Citation 24

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Life-cycle model, consumption, savings, housing, mortgage

4.
Downloads 216 (162,505)
Citation 1

Growth Effects of Progressive Taxes

FEDS Working Paper No. 2002-03
Number of pages: 31 Posted: 30 Jan 2002
Wenli Li and Pierre-Daniel G. Sarte
Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Richmond
Downloads 173 (198,836)

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Economic growth, progressive taxation, heterogenous households

Growth Effects of Progressive Taxes

FRB Richmond Working Paper No. 01-9
Number of pages: 31 Posted: 02 Dec 2012
Wenli Li and Pierre-Daniel G. Sarte
Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Richmond
Downloads 43 (479,444)
Citation 2

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economic growth, progressive taxation, heterogeneous households

Challenges and Choices in Post-Crisis East-Asia: Simulations of Investment Policy Reform in an Intertemporal, Global Model

FRB Richmond Working Paper No. 98-7
Number of pages: 43 Posted: 27 Dec 1998
International Food Policy Research Institute (IFPRI), Federal Reserve Bank of Philadelphia and Bilkent University
Downloads 184 (188,388)
Citation 1

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Challenges and Choices in Post-Crisis East-Asia: Simulations of Investment Policy Reform in an Intertemporal Global Model

FRB Richmond Working Paper No. 98-7
Number of pages: 44 Posted: 21 Nov 2012
International Food Policy Research Institute (IFPRI), Federal Reserve Bank of Philadelphia and Bilkent University
Downloads 13 (666,217)
Citation 1

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East Asian Crisis, Dynamic GE, Investment Policy

The Macroeconomics of U.S. Consumer Bankruptcy Choice: Chapter 7 or Chapter 13?

FRB of Philadelphia Working Paper No. 03-14
Number of pages: 39 Posted: 23 Jul 2004
Wenli Li and Pierre-Daniel G. Sarte
Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Richmond
Downloads 170 (201,941)
Citation 3

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Macroeconomics, consumer bankruptcy, chapter 7, chapter 11

The Macroeconomics of U.S. Consumer Bankruptcy Choice: Chapter 7 or Chapter 13?

FRB Richmond Working Paper No. 02-01
Number of pages: 37 Posted: 02 Dec 2012
Wenli Li and Pierre-Daniel G. Sarte
Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Richmond
Downloads 24 (584,773)
Citation 3

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Chapter 7 and Chapter 13 bankruptcy, borrowing constraints, means-testing

Housing over Time and over the Life Cycle: A Structural Estimation

FRB of Philadelphia Working Paper No. 09-7
Number of pages: 53 Posted: 14 May 2009 Last Revised: 21 Nov 2019
Wenli Li, Haiyong Liu and Rui Yao
Federal Reserve Bank of Philadelphia, East Carolina University - Department of Economics and Baruch College - Department of Economics and Finance
Downloads 136 (243,389)
Citation 11

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Life-cycle, housing adjustment costs, intratemporal substitution, methods of simulated moments

Housing Over Time and Over the Life Cycle: A Structural Estimation

FRB of Philadelphia Working Paper No. 15-04
Number of pages: 40 Posted: 24 Jan 2015
Wenli Li, Haiyong Liu, Fang Yang and Rui Yao
Federal Reserve Bank of Philadelphia, East Carolina University - Department of Economics, Louisiana State University, Baton Rouge and Baruch College - Department of Economics and Finance
Downloads 28 (558,168)
Citation 6

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Life Cycle, Housing Adjustment Costs, Intratemporal Substitution

Housing Over Time and Over the Life Cycle: A Structural Estimation

FRB of Philadelphia Working Paper No. 15-4
Number of pages: 11 Posted: 19 Aug 2015
Wenli Li, Haiyong Liu, Fang Yang and Rui Yao
Federal Reserve Bank of Philadelphia, East Carolina University - Department of Economics, Louisiana State University, Baton Rouge and Baruch College - Department of Economics and Finance
Downloads 27 (564,460)
Citation 3

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Life cycle, Housing adjustment costs, Intratemporal substitution

Housing Over Time and Over the Life Cycle: A Structural Estimation

International Economic Review, Vol. 57, Issue 4, pp. 1237-1260, 2016
Number of pages: 24 Posted: 15 Nov 2016
Wenli Li, Haiyong Liu, Fang Yang and Rui Yao
Federal Reserve Bank of Philadelphia, East Carolina University - Department of Economics, Louisiana State University, Baton Rouge and Baruch College - Department of Economics and Finance
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8.

Real Estate Investors and the Boom and Bust of the US Housing Market

Number of pages: 28 Posted: 19 Mar 2012
Wenli Li and Zhenyu Gao
Federal Reserve Bank of Philadelphia and Princeton University - Department of Economics
Downloads 167 (204,916)
Citation 5

Abstract:

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investment housing, house price, subprime mortgages

An Anatomy of U.S. Personal Bankruptcy Under Chapter 13

FRB of NY Staff Report No. 764
Number of pages: 41 Posted: 02 Feb 2016 Last Revised: 30 Aug 2017
Rice University, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Richmond
Downloads 101 (302,979)

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Chapter 13 bankruptcy, discharge, recovery rate

An Anatomy of U.S. Personal Bankruptcy Under Chapter 13

FRB of Philadelphia Working Paper No. 14-33
Number of pages: 40 Posted: 01 Nov 2014
Rice University, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Richmond
Downloads 59 (415,801)
Citation 3

Abstract:

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Bankruptcy, Repayment

10.

The Anatomy of U.S. Personal Bankruptcy Under Chapter 13

FRB of Philadelphia Working Paper No. 07-31
Number of pages: 41 Posted: 04 Dec 2007
Rice University, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Richmond
Downloads 134 (245,549)

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Personal Bankruptcy, Structural Estimation, Recovery Rate

The Dynamic Effects of Government Spending Shocks on Employment and Work Hours

Federal Reserve Bank of Richmond WP No. 98-9
Number of pages: 46 Posted: 01 Jul 1999
Mingwei Yuan and Wenli Li
Bank of Canada - Department of Monetary and Financial Analysis and Federal Reserve Bank of Philadelphia
Downloads 98 (309,100)

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The Dynamic Effects of Government Spending Shocks on Employment and Work Hours

FRB Richmond Working Paper No. 98-9
Number of pages: 47 Posted: 21 Nov 2012
Mingwei Yuan and Wenli Li
Bank of Canada - Department of Monetary and Financial Analysis and Federal Reserve Bank of Philadelphia
Downloads 24 (584,773)

Abstract:

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Employment, Hours, Government Spending, Job Search

12.

Fresh Start or Head Start? The Effect of Filing for Personal Bankruptcy on the Labor Supply

FRB Philadelphia Working Paper No. 04-5
Number of pages: 35 Posted: 23 Jul 2004
Song Han and Wenli Li
Board of Governors of the Federal Reserve System and Federal Reserve Bank of Philadelphia
Downloads 102 (299,104)
Citation 10

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Personal bankruptcy, labor supply

Using Bankruptcy to Reduce Foreclosures: Does Strip-Down of Mortgages Affect the Supply of Mortgage Credit?

FRB of Philadelphia Working Paper No. 14-35
Number of pages: 40 Posted: 04 Dec 2014
Federal Reserve Bank of Philadelphia, Yale School of Management and University of California, San Diego (UCSD) - Department of Economics
Downloads 51 (445,642)
Citation 1

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Mortgage credit, Strip-down, Creditor protection, Bankruptcy

Using Bankruptcy to Reduce Foreclosures: Does Strip-Down of Mortgages Affect the Supply of Mortgage Credit?

CESifo Working Paper Series No. 4722
Number of pages: 38 Posted: 24 Apr 2014
Federal Reserve Bank of Philadelphia, Yale School of Management and University of California, San Diego (UCSD) - Department of Economics
Downloads 34 (523,362)

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mortgage, foreclosure, credit market, credit supply, strip-down

Using Bankruptcy to Reduce Foreclosures: Does Strip-Down of Mortgages Affect the Supply of Mortgage Credit?

NBER Working Paper No. w19952
Number of pages: 38 Posted: 10 Mar 2014 Last Revised: 19 Aug 2014
Federal Reserve Bank of Philadelphia, Yale School of Management and University of California, San Diego (UCSD) - Department of Economics
Downloads 6 (721,553)

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14.

Credit Access after Consumer Bankruptcy Filing: New Evidence

FRB of Philadelphia Working Paper No. 14-25, Supersedes Working Paper No. 13-24
Number of pages: 49 Posted: 12 Sep 2014
Julapa Jagtiani and Wenli Li
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Philadelphia
Downloads 74 (364,105)
Citation 7

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Bankruptcy, Credit limit, Credit performance, Financial crisis, Bankruptcy reform

15.

Did Bankruptcy Reform Cause Mortgage Default Rates to Rise?

FRB of Philadelphia Working Paper No. 10-16
Number of pages: 30 Posted: 19 May 2010
Wenli Li, Michelle J. White and Ning Zhu
Federal Reserve Bank of Philadelphia, University of California, San Diego (UCSD) - Department of Economics and China Academy of Financial Research (CAFR)
Downloads 74 (364,105)
Citation 1

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16.

Skill Acquisition and Firm Creation in Transition Economies

IMF Working Paper No. 99/130
Number of pages: 31 Posted: 15 Feb 2006
International Monetary Fund (IMF) - European Department, Federal Reserve Bank of Philadelphia and Georgetown University - Edmund A. Walsh School of Foreign Service (SFS)
Downloads 68 (381,320)

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Skill acquisition firm creation transition

17.

Credit Access and Credit Performance after Consumer Bankruptcy Filing: New Evidence

FRB of Philadelphia Working Paper No. 13-24
Number of pages: 35 Posted: 25 May 2013
Julapa Jagtiani and Wenli Li
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Philadelphia
Downloads 65 (390,505)
Citation 5

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bankruptcy, credit limit, credit performance, financial crisis, bankruptcy reform

The Dynamics of Adjustable-Rate Subprime Mortgage Default: A Structural Estimation

PIER Working Paper No. 041
Number of pages: 54 Posted: 12 Dec 2015
Hanming Fang, You Suk Kim and Wenli Li
University of Pennsylvania - Department of Economics, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Philadelphia
Downloads 32 (534,431)

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Adjustable-Rate Mortgage, Default, Loan Modification, Automatic Modification with a Cushion

The Dynamics of Adjustable-Rate Subprime Mortgage Default: A Structural Estimation

FEDS Working Paper No. 2015-114
Number of pages: 54 Posted: 22 Dec 2015
Hanming Fang, You Suk Kim and Wenli Li
University of Pennsylvania - Department of Economics, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Philadelphia
Downloads 23 (591,713)

Abstract:

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Adjustable-Rate Mortgage, Automatic Modification with a Cushion, Default, Loan Modification

The Dynamics of Adjustable-Rate Subprime Mortgage Default: a Structural Estimation

NBER Working Paper No. w21810
Number of pages: 53 Posted: 21 Dec 2015 Last Revised: 07 Jan 2016
Hanming Fang, You Suk Kim and Wenli Li
University of Pennsylvania - Department of Economics, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Philadelphia
Downloads 6 (721,553)
Citation 1

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Real Estate Taxes and Home Value: Evidence from TCJA

Number of pages: 50 Posted: 01 Apr 2020 Last Revised: 05 Nov 2020
Wenli Li and Edison G. Yu
Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Philadelphia
Downloads 46 (466,108)

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TCJA, Real EstateTax, Housing Market

Real Estate Taxes and Home Value: Winners and Losers of TCJA

FRB of Philadelphia Working Paper No. 20-12
Number of pages: 46 Posted: 29 Apr 2020
Wenli Li and Edison G. Yu
Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Philadelphia
Downloads 11 (682,012)

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real estate tax, home value, housing liquidity

20.

Home Production and Social Security Reform

FRB of Philadelphia Working Paper No. 12-5
Number of pages: 38 Posted: 17 Feb 2012
Michael Dotsey, Wenli Li and Fang Yang
Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Louisiana State University, Baton Rouge
Downloads 54 (427,267)
Citation 2

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Home Production, Housing, Social Security Reform, Labor Supply

21.

The Dynamics of Subprime Adjustable-Rate Mortgage Default: A Structural Estimation

FRB of Philadelphia Working Paper No. 16-2
Number of pages: 53 Posted: 04 Feb 2016
Hanming Fang, You Kim and Wenli Li
University of Pennsylvania - Department of Economics, Temple University - Department of Human Resource Management and Federal Reserve Bank of Philadelphia
Downloads 53 (430,959)

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Adjustable-rate mortgage, Default, Loan modification, Automatic modification mortgages with cushions

Recourse and Residential Mortgages: The Case of Nevada

FRB of Philadelphia Working Paper No. 15-02
Number of pages: 29 Posted: 23 Jan 2015
Wenli Li and Florian Oswald
Federal Reserve Bank of Philadelphia and Sciences Po - Department of Economics
Downloads 33 (528,829)
Citation 2

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Deficiency Judgment, Default, Foreclosure, Approval, Interest Rate

Recourse and Residential Mortgages: The Case of Nevada

FRB of Philadelphia Working Paper No. 15-2
Number of pages: 29 Posted: 19 Aug 2015
Wenli Li and Florian Oswald
Federal Reserve Bank of Philadelphia and Sciences Po - Department of Economics
Downloads 19 (620,688)
Citation 2

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Deficiency judgment, Default, Foreclosure, Approval, Interest rate, Nevada

23.

Did Bankruptcy Reform Cause Mortgage Default to Rise?

NBER Working Paper No. w15968
Number of pages: 40 Posted: 10 May 2010 Last Revised: 15 Oct 2010
Wenli Li, Michelle J. White and Ning Zhu
Federal Reserve Bank of Philadelphia, University of California, San Diego (UCSD) - Department of Economics and China Academy of Financial Research (CAFR)
Downloads 52 (434,543)
Citation 6

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24.

Institutional Investors and the U.S. Housing Recovery

FRB of Philadelphia Working Paper No. 19-45
Number of pages: 37 Posted: 27 Nov 2019
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 47 (453,605)

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Institutional investor, House Price, Homeownership, Foreclosure, Mortgage Crisis

25.

Entrepreneurship and Government Subsidies under Capital Constraints: A General Equilibrium Analysis

FRB Richmond Working Paper No. 97-9
Number of pages: 59 Posted: 19 Nov 2012
Wenli Li
Federal Reserve Bank of Philadelphia
Downloads 47 (453,605)
Citation 5

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Borrowing Constraints, Costly Intermediation, Entrepreneurship, Income Subsidies, Interest Subsidies

26.

Mortgage Default, Foreclosure, and Bankruptcy

NBER Working Paper No. w15472
Number of pages: 39 Posted: 09 Nov 2009 Last Revised: 28 Nov 2009
Wenli Li and Michelle J. White
Federal Reserve Bank of Philadelphia and University of California, San Diego (UCSD) - Department of Economics
Downloads 44 (465,881)
Citation 1

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27.
Downloads 38 (492,018)
Citation 7

Consumption and Time Use Over the Life Cycle

FRB of Philadelphia Working Paper No. 10-37
Number of pages: 47 Posted: 01 Dec 2010
Michael Dotsey, Wenli Li and Fang Yang
Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Louisiana State University, Baton Rouge
Downloads 38 (502,906)
Citation 5

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Consumption, Home Production, Life Cycle

Consumption and Time Use Over the Life Cycle

International Economic Review, Vol. 55, Issue 3, pp. 665-692, 2014
Number of pages: 28 Posted: 30 Jul 2014
Michael Dotsey, Wenli Li and Fang Yang
Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Louisiana State University, Baton Rouge
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28.

Leaving Households Behind: Institutional Investors and the U.S. Housing Recovery

FRB of Philadelphia Working Paper No. 19-1
Number of pages: 33 Posted: 14 Jan 2019 Last Revised: 29 Apr 2020
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 34 (511,011)

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housing, homeownership, mortgage crises

29.

How the Asian Crisis Affected the World Economy: A General Equilibrium Perspective

FRB Richmond Economic Quarterly, Vol. 86, No. 2, Spring 2000, pp. 35-59
Number of pages: 25 Posted: 28 Nov 2012
International Food Policy Research Institute (IFPRI), Federal Reserve Bank of Philadelphia and Bilkent University
Downloads 31 (526,344)

Abstract:

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30.

The Homeownership Experience of Households in Bankruptcy

Cityscape, Vol. 13, No. 1, p. 113, 2011
Number of pages: 22 Posted: 15 Apr 2011
Sarah W. Carroll and Wenli Li
United States Department of Justice and Federal Reserve Bank of Philadelphia
Downloads 29 (537,223)
Citation 5

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Homeownership, Cityscape, HUD, 2011

31.

To Forgive or Not to Forgive: An Analysis of U.S. Consumer Bankruptcy Choices

FRB Richmond Economic Quarterly, Vol. 87, No. 2, Spring 2001, pp. 1-22
Number of pages: 22 Posted: 30 Nov 2012
Wenli Li
Federal Reserve Bank of Philadelphia
Downloads 26 (554,695)

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32.

Firm-Specific Learning and the Investment Behavior of Large and Small Firms

FRB Richmond Working Paper No. 99-3
Number of pages: 34 Posted: 26 Nov 2012
Wenli Li and John A. Weinberg
Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 23 (573,595)

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33.

Demographic Aging, Industrial Policy, and Chinese Economic Growth

FRB of Philadelphia Working Paper No. 19-21
Number of pages: 45 Posted: 26 Apr 2019 Last Revised: 29 Apr 2020
Michael Dotsey, Wenli Li and Fang Yang
Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Louisiana State University, Baton Rouge
Downloads 17 (613,089)

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Aging, Credit policy, Household saving, Output growth, China

34.

Investigating Fluctuations in U.S. Manufacturing: What are the Direct Effects of Informational Frictions?

FRB Richmond Working Paper No. 00-1
Number of pages: 36 Posted: 27 Nov 2012
Wenli Li and Pierre-Daniel G. Sarte
Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Richmond
Downloads 9 (670,038)
Citation 1

Abstract:

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intermediation, informational frictions, economic fluctuations

35.

An Anatomy of U.S. Personal Bankruptcy Under Chapter 13

International Economic Review, Vol. 58, Issue 3, pp. 671-702, 2017
Number of pages: 32 Posted: 28 Aug 2017
Rice University, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Richmond
Downloads 1 (736,843)
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36.

Financial Distress among the Elderly: Bankruptcy Reform and the Financial Crisis

Wharton Pension Research Council Working Paper No. 2019-11, Published in Mitchell, O., and A. Lusardi (Eds.) (2020). Remaking Retirement: Debt in an Aging Economy. Oxford, UK: Oxford University Press.
Posted: 20 Feb 2020 Last Revised: 30 Nov 2020
Wenli Li and Michelle J. White
Federal Reserve Bank of Philadelphia and University of California, San Diego (UCSD) - Department of Economics

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older adults, financial distress, foreclosure, bankruptcy, retirement

37.

Firm-Specific Learning and the Investment Behaviors of Large and Small Firms

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 24 Nov 2009
Wenli Li and John A. Weinberg
Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Richmond

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Management decisions, Firm age, Investments, Organizational learning

38.

Skill Shortages and Labor Market Outcomes in Central Europe

Economic Systems, Vol. 33, No. 1, 2009
Posted: 03 Feb 2009
International Monetary Fund (IMF) - European Department, Federal Reserve Bank of Philadelphia and Georgetown University - Edmund A. Walsh School of Foreign Service (SFS)

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Skill shortages, Employment, Central Europe

39.

Skill Acquisition and Private Firm Creation in Transition Economies

Posted: 03 Jun 1999
Zuzana Brixiova and Wenli Li
International Monetary Fund (IMF) - European Department and Federal Reserve Bank of Philadelphia

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