Nicholas S. Souleles

University of Pennsylvania - Finance Department

Professor

The Wharton School

3620 Locust Walk

Philadelphia, PA 19104

United States

http://finance.wharton.upenn.edu/~souleles

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • University of Pennsylvania - Finance Department

    • Email
    • Tel: 215-898-9466
    • Fax: 215-898-6200
SCHOLARLY PAPERS

21

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16,099

SSRN CITATIONS
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1,578

CROSSREF CITATIONS

1,467

Scholarly Papers (21)

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1.

Special Purpose Vehicles and Securitization

Downloads 7,196 ( 1,690)
Citation 80

Special Purpose Vehicles and Securitization

FRB Philadelphia Working Paper No. 05-21
Number of pages: 63 Posted: 04 May 2005 Last Revised: 22 Nov 2019
Gary B. Gorton and Nicholas S. Souleles
Yale School of Management and University of Pennsylvania - Finance Department
Downloads 6,845 (1,844)
Citation 16

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Securitization, Special Purpose Vehicles, Bankruptcy, Consumer Credit, Credit Cards

Special Purpose Vehicles and Securitization

NBER Working Paper No. w11190
Number of pages: 64 Posted: 08 Apr 2005 Last Revised: 31 Jul 2022
Gary B. Gorton and Nicholas S. Souleles
Yale School of Management and University of Pennsylvania - Finance Department
Downloads 351 (147,262)
Citation 5

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2.

Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data

Downloads 1,520 (21,692)
Citation 146

Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data

Wharton FIC Working Paper No. 00-04
Number of pages: 53 Posted: 26 Apr 2000
David B. Gross and Nicholas S. Souleles
Compass Lexecon and University of Pennsylvania - Finance Department
Downloads 1,402 (23,999)
Citation 39

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permanent-income hypothesis, liquidity constraints, precautionary saving; marginal propensity to consume, interest-rate elasticity; credit supply, consumer credit, credit cards.

Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data

NBER Working Paper No. w8314
Number of pages: 53 Posted: 31 May 2001 Last Revised: 21 Sep 2022
David B. Gross and Nicholas S. Souleles
Compass Lexecon and University of Pennsylvania - Finance Department
Downloads 118 (403,329)

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Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data

Posted: 19 Aug 2001
David B. Gross and Nicholas S. Souleles
Compass Lexecon and University of Pennsylvania - Finance Department

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permanent-income hypothesis, liquidity constraints, precautionary saving; marginal propensity to consume, interest-rate elasticity; credit supply, consumer credit, credit cards.

3.

Do Consumers Choose the Right Credit Contracts?

Downloads 1,338 (26,166)
Citation 42

Do Consumers Choose the Right Credit Contracts?

Number of pages: 26 Posted: 13 Nov 2005 Last Revised: 18 Mar 2015
Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu and Nicholas S. Souleles
National University of Singapore, Government of the United States of America - Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 762 (57,048)
Citation 26

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consumption, borrowing, debt, balance sheets, consumer credit, credit cards, banking

Do Consumers Choose the Right Credit Contracts?

Number of pages: 26 Posted: 05 Dec 2006 Last Revised: 18 Mar 2015
Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu and Nicholas S. Souleles
National University of Singapore, Government of the United States of America - Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 350 (147,759)
Citation 28

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consumption, borrowing, debt, balance sheets, consumer credit, credit cards, banking

Do Consumers Choose the Right Credit Contracts?

The Review of Corporate Finance Studies, Forthcoming
Number of pages: 31 Posted: 11 Aug 2014 Last Revised: 19 Mar 2015
Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu and Nicholas S. Souleles
National University of Singapore, Government of the United States of America - Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 226 (231,761)
Citation 16

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consumption, borrowing, debt, balance sheets, consumer credit, credit cards, banking

4.

Household Expenditure and the Income Tax Rebates of 2001

Downloads 1,153 (32,563)
Citation 348

Household Expenditure and the Income Tax Rebates of 2001

Number of pages: 38 Posted: 03 Jan 2005 Last Revised: 13 Dec 2011
David Johnson, Jonathan A. Parker and Nicholas S. Souleles
Bureau of Labor Statistics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 1,083 (35,055)
Citation 13

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Consumption, saving, Life-Cycle model, Permanent-Income Hypothesis, liquidity constraints; fiscal policy, tax cuts, tax rebates, windfalls

Household Expenditure and the Income Tax Rebates of 2001

NBER Working Paper No. w10784
Number of pages: 38 Posted: 20 Sep 2004 Last Revised: 21 Dec 2022
David Johnson, Jonathan A. Parker and Nicholas S. Souleles
Bureau of Labor Statistics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 70 (568,532)
Citation 168

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5.

An Empirical Analysis of Personal Bankruptcy and Delinquency

Downloads 849 (49,990)
Citation 135

An Empirical Analysis of Personal Bankruptcy and Delinquency

Wharton FIC Working Paper No. 98-28-B
Number of pages: 45 Posted: 11 Apr 2000 Last Revised: 13 Dec 2011
David B. Gross and Nicholas S. Souleles
Compass Lexecon and University of Pennsylvania - Finance Department
Downloads 764 (56,819)
Citation 8

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Personal bankruptcy, Forecasting default, Credit risk management, Consumer credit, Credit cards

An Empirical Analysis of Personal Bankruptcy and Delinquency

NBER Working Paper No. w8409
Number of pages: 46 Posted: 06 Aug 2001 Last Revised: 25 Dec 2022
David B. Gross and Nicholas S. Souleles
Compass Lexecon and University of Pennsylvania - Finance Department
Downloads 85 (506,473)
Citation 8

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An Empirical Analysis of Personal Bankruptcy and Delinquency

Posted: 06 Nov 2001
David B. Gross and Nicholas S. Souleles
Compass Lexecon and University of Pennsylvania - Finance Department

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Personal bankruptcy; Forecasting default; Credit risk management; Consumer credit; Credit cards

6.

The Reaction of Consumer Spending and Debt to Tax Rebates - Evidence from Consumer Credit Data

Downloads 767 (57,352)
Citation 187

The Reaction of Consumer Spending and Debt to Tax Rebates - Evidence from Consumer Credit Data

Number of pages: 45 Posted: 12 Dec 2007 Last Revised: 13 Dec 2011
Sumit Agarwal, Chunlin Liu and Nicholas S. Souleles
National University of Singapore, University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 714 (62,210)
Citation 4

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consumption, saving, Life-Cycle model, Permanent-Income Hypothesis, liquidity constraints, fiscal policy, tax cuts, tax rebates, windfalls, credit cards, consumer credit, consumer balance sheets, household finance

The Reaction of Consumer Spending and Debt to Tax Rebates -- Evidence from Consumer Credit Data

NBER Working Paper No. w13694
Number of pages: 46 Posted: 21 Dec 2007 Last Revised: 04 Dec 2022
Sumit Agarwal, Chunlin Liu and Nicholas S. Souleles
National University of Singapore, University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 53 (656,648)
Citation 165

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7.

What 'Triggers' Mortgage Default?

FRB of Philadelphia Working Paper No. 10-13
Number of pages: 15 Posted: 29 Apr 2010 Last Revised: 13 Dec 2011
Ronel Elul, Nicholas S. Souleles, Souphala Chomsisengphet, Dennis Glennon and Robert M. Hunt
Federal Reserve Bank of Philadelphia, University of Pennsylvania - Finance Department, Government of the United States of America - Office of the Comptroller of the Currency (OCC), Government of the United States of America - Office of the Comptroller of the Currency (OCC) and Consumer Finance Institute, Federal Reserve Bank of Philadelphia
Downloads 739 (60,266)
Citation 42

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Mortgages, Mortgage Default, Negative Equity, Illiquidity, Double Trigger, Consumer Credit, Household Finance

8.

A Portfolio View of Consumer Credit

Downloads 576 (82,729)
Citation 20

A Portfolio View of Consumer Credit

FRB of Philadelphia Working Paper No. 05-25
Number of pages: 42 Posted: 28 Oct 2005 Last Revised: 11 Dec 2011
David K. Musto and Nicholas S. Souleles
University of Pennsylvania - Finance Department and University of Pennsylvania - Finance Department
Downloads 523 (92,375)
Citation 1

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credit supply, consumer credit; default risk, credit scores, loan portfolio analysis

A Portfolio View of Consumer Credit

NBER Working Paper No. w11735
Number of pages: 43 Posted: 27 Jan 2006 Last Revised: 27 Jul 2022
David K. Musto and Nicholas S. Souleles
University of Pennsylvania - Finance Department and University of Pennsylvania - Finance Department
Downloads 53 (656,648)
Citation 1

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9.

Owner-Occupied Housing as a Hedge Against Rent Risk

Downloads 537 (90,383)
Citation 269

Owner-Occupied Housing as a Hedge Against Rent Risk

University of Pennsylvania, Rodney L. White Center for Financial Research Working Paper No. 01-03, FRB Philadelphia Working Paper No. 05-10
Number of pages: 34 Posted: 05 Apr 2003
Todd M. Sinai and Nicholas S. Souleles
University of Pennsylvania - The Wharton School and University of Pennsylvania - Finance Department
Downloads 461 (107,619)
Citation 26

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rent risk, house price risk, housing tenure choice, house prices, household risk management, aging and housing wealth

Owner-Occupied Housing as a Hedge Against Rent Risk

NBER Working Paper No. w9462
Number of pages: 45 Posted: 31 Jan 2003 Last Revised: 10 Nov 2022
Todd M. Sinai and Nicholas S. Souleles
University of Pennsylvania - The Wharton School and University of Pennsylvania - Finance Department
Downloads 76 (542,295)
Citation 59

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10.

Benefits of Relationship Banking: Evidence from Consumer Credit Markets

Downloads 388 (132,770)
Citation 42

Benefits of Relationship Banking: Evidence from Consumer Credit Markets

FRB of Chicago Working Paper No. 2010-05
Number of pages: 45 Posted: 24 Jul 2010
Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu and Nicholas S. Souleles
National University of Singapore, Government of the United States of America - Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 217 (240,913)
Citation 40

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Relationship Banking; Credit Cards, Consumer Credit, Deposits, Investments

Benefits of Relationship Banking: Evidence from Consumer Credit Markets

Number of pages: 50 Posted: 19 Mar 2009 Last Revised: 19 Sep 2017
Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu, Changcheng Song and Nicholas S. Souleles
National University of Singapore, Government of the United States of America - Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business, Singapore Management University and University of Pennsylvania - Finance Department
Downloads 171 (298,972)
Citation 15

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Relationship Banking, Credit Cards, Consumer Credit, Deposits, Investments, Household Finance

Benefits of Relationship Banking: Evidence from Consumer Credit Markets

Posted: 31 Jul 2009 Last Revised: 16 Sep 2017
Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu and Nicholas S. Souleles
National University of Singapore, Government of the United States of America - Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department

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Relationship Banking, Credit Cards, Consumer Credit, Deposits, Investments, Household Finance

11.

Net Worth and Housing Equity in Retirement

Downloads 269 (196,048)
Citation 7

Net Worth and Housing Equity in Retirement

FRB of Philadelphia Working Paper No. 07-33
Number of pages: 42 Posted: 12 Dec 2007
Todd M. Sinai and Nicholas S. Souleles
University of Pennsylvania - The Wharton School and University of Pennsylvania - Finance Department
Downloads 222 (235,827)
Citation 1

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Net Worth and Housing Equity in Retirement

NBER Working Paper No. w13693
Number of pages: 42 Posted: 21 Dec 2007 Last Revised: 02 Dec 2022
Todd M. Sinai and Nicholas S. Souleles
University of Pennsylvania - The Wharton School and University of Pennsylvania - Finance Department
Downloads 47 (693,363)
Citation 1

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12.

Household Securities Purchases, Transactions Costs, and Hedging Motives

Rodney L. White Center for Financial Research Working Paper No. 24-99
Number of pages: 51 Posted: 04 Feb 2000
Nicholas S. Souleles
University of Pennsylvania - Finance Department
Downloads 167 (305,129)
Citation 9

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13.

Reported Preference vs. Revealed Preference: Evidence from the Propensity to Spend Tax Rebates

Downloads 120 (396,719)
Citation 16

Reported Preference vs. Revealed Preference: Evidence from the Propensity to Spend Tax Rebates

Number of pages: 41 Posted: 14 Jul 2017 Last Revised: 28 Sep 2017
Jonathan A. Parker and Nicholas S. Souleles
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 102 (449,055)
Citation 6

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Revealed preference, survey methods, treatment effects, consumption, marginal propensity to consume, fiscal policy

Reported Effects vs. Revealed-Preference Estimates: Evidence from the Propensity to Spend Tax Rebates

NBER Working Paper No. w23920
Number of pages: 23 Posted: 16 Oct 2017 Last Revised: 12 May 2023
Jonathan A. Parker and Nicholas S. Souleles
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 18 (933,678)

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14.

Consumer Sentiment: Its Rationality and Usefulness in Forecasting Expenditure - Evidence from the Michigan Micro Data

NBER Working Paper No. w8410
Number of pages: 51 Posted: 06 Aug 2001 Last Revised: 26 Jun 2022
Nicholas S. Souleles
University of Pennsylvania - Finance Department
Downloads 97 (461,437)
Citation 2

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15.

Can Owning a Home Hedge the Risk of Moving?

Downloads 94 (470,963)
Citation 10

Can Owning a Home Hedge the Risk of Moving?

Number of pages: 45 Posted: 01 Nov 2009
Todd M. Sinai and Nicholas S. Souleles
University of Pennsylvania - The Wharton School and University of Pennsylvania - Finance Department
Downloads 60 (617,296)
Citation 4

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housing demand, house price risk, mobility, tenure choice

Can Owning a Home Hedge the Risk of Moving?

NBER Working Paper No. w15462
Number of pages: 45 Posted: 03 Nov 2009 Last Revised: 02 Apr 2023
Todd M. Sinai and Nicholas S. Souleles
University of Pennsylvania - The Wharton School and University of Pennsylvania - Finance Department
Downloads 34 (787,415)

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16.

Physician Income Expectations and Specialty Choice

NBER Working Paper No. w8536
Number of pages: 38 Posted: 11 Oct 2001 Last Revised: 30 Oct 2022
Sean Nicholson and Nicholas S. Souleles
Cornell University - Department of Policy Analysis & Management (PAM) and University of Pennsylvania - Finance Department
Downloads 90 (484,093)
Citation 1

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17.

Reported Effects vs. Revealed-Preference Estimates: Evidence From the Propensity to Spend Tax Rebates

Number of pages: 22 Posted: 29 Jan 2019
Jonathan A. Parker and Nicholas S. Souleles
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 72 (552,328)
Citation 24

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Consumption, Tax Rebates, Survey Methodology, Revealed Preference

18.

Consumer Spending and the Economic Stimulus Payments of 2008

NBER Working Paper No. w16684
Number of pages: 48 Posted: 18 Jan 2011 Last Revised: 02 Feb 2023
Jonathan A. Parker, Nicholas S. Souleles, David Johnson, David S. Johnson and Robert McClelland
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Pennsylvania - Finance Department, University of Michigan at Ann Arbor, Government of the United States of America - Bureau of the Census and Bureau of Labor Statistics
Downloads 70 (560,836)
Citation 163

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19.

Physician Income Prediction Errors: Sources and Implications for Behavior

Number of pages: 47 Posted: 25 Apr 2002
Sean Nicholson and Nicholas S. Souleles
Cornell University - Department of Policy Analysis & Management (PAM) and University of Pennsylvania - Finance Department
Downloads 57 (622,356)

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20.

Consumer Response to the Reagan Tax Cuts

Posted: 27 Apr 2001
Nicholas S. Souleles
University of Pennsylvania - Finance Department

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Life-Cycle Model, Permanent-Income Hypothesis, Excess sensitivity; Fiscal Policy, Tax cuts

21.

Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources

Rodney L. White Center Working Paper No. 10-97
Posted: 20 Jul 1998
Tullio Jappelli, Jörn-Steffen Pischke and Nicholas S. Souleles
University of Naples Federico II - Department of Economics and Statistics, London School of Economics and University of Pennsylvania - Finance Department

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