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

SCHOLARLY PAPERS

20

DOWNLOADS
Rank 2,000

SSRN RANKINGS

Top 2,000

in Total Papers Downloads

13,718

CITATIONS
Rank 803

SSRN RANKINGS

Top 803

in Total Papers Citations

650

Scholarly Papers (20)

1.
Downloads 6,413 ( 728)
Citation 69

Special Purpose Vehicles and Securitization

FRB Philadelphia Working Paper No. 05-21
Number of pages: 63 Posted: 04 May 2005 Last Revised: 13 Dec 2011
Gary B. Gorton and Nicholas S. Souleles
Yale School of Management and University of Pennsylvania - Finance Department
Downloads 6,148 (776)
Citation 69

Abstract:

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
Gary B. Gorton and Nicholas S. Souleles
Yale School of Management and University of Pennsylvania - Finance Department
Downloads 265 (95,561)
Citation 69

Abstract:

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 1,307 (11,246)
Citation 118

Abstract:

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: 22 Oct 2010
David B. Gross and Nicholas S. Souleles
Compass Lexecon and University of Pennsylvania - Finance Department
Downloads 90 (242,820)
Citation 118

Abstract:

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

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

Abstract:

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

3.
Downloads 1,073 ( 15,695)
Citation 36

Do Consumers Choose the Right Credit Contracts?

Number of pages: 26 Posted: 13 Nov 2005 Last Revised: 18 Mar 2015
Georgetown University - Department of Finance, Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 666 (30,846)
Citation 36

Abstract:

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
Georgetown University - Department of Finance, Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 310 (80,175)
Citation 36

Abstract:

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
Georgetown University - Department of Finance, Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 97 (230,901)
Citation 34

Abstract:

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

4.
Downloads 1,071 ( 15,736)
Citation 71

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 1,019 (16,580)
Citation 71

Abstract:

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
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 52 (330,622)
Citation 71

Abstract:

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 717 (27,857)
Citation 89

Abstract:

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
David B. Gross and Nicholas S. Souleles
Compass Lexecon and University of Pennsylvania - Finance Department
Downloads 64 (297,582)
Citation 89

Abstract:

An Empirical Analysis of Personal Bankruptcy and Delinquency

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

Abstract:

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

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
Georgetown University - Department of Finance, University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 599 (35,576)
Citation 32

Abstract:

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
Sumit Agarwal, Chunlin Liu and Nicholas S. Souleles
Georgetown University - Department of Finance, University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 28 (420,616)
Citation 32

Abstract:

7.
Downloads 500 ( 45,570)
Citation 11

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 472 (48,439)
Citation 11

Abstract:

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 2010
David K. Musto and Nicholas S. Souleles
University of Pennsylvania - Finance Department and University of Pennsylvania - Finance Department
Downloads 28 (420,616)
Citation 11

Abstract:

8.

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
Federal Reserve Bank of Philadelphia, University of Pennsylvania - Finance Department, Office of the Comptroller of the Currency (OCC), Government of the United States of America - Office of the Comptroller of the Currency (OCC) and Federal Reserve Bank of Philadelphia
Downloads 430 (34,360)
Citation 17

Abstract:

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

9.
Downloads 430 ( 54,969)
Citation 133

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 392 (61,001)
Citation 133

Abstract:

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
Todd M. Sinai and Nicholas S. Souleles
University of Pennsylvania - The Wharton School and University of Pennsylvania - Finance Department
Downloads 38 (377,736)
Citation 133

Abstract:

10.
Downloads 231 (110,808)
Citation 5

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 202 (126,020)
Citation 5

Abstract:

Net Worth and Housing Equity in Retirement

NBER Working Paper No. w13693
Number of pages: 42 Posted: 21 Dec 2007
Todd M. Sinai and Nicholas S. Souleles
University of Pennsylvania - The Wharton School and University of Pennsylvania - Finance Department
Downloads 29 (415,838)
Citation 5

Abstract:

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
Georgetown University - Department of Finance, Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department
Downloads 138 (177,005)
Citation 8

Abstract:

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
Georgetown University - Department of Finance, Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business, National University of Singapore (NUS) and University of Pennsylvania - Finance Department
Downloads 14 (500,111)

Abstract:

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
Georgetown University - Department of Finance, Office of the Comptroller of the Currency (OCC), University of Nevada, Reno - College of Business and University of Pennsylvania - Finance Department

Abstract:

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

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 146 (164,903)
Citation 7

Abstract:

13.

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
Nicholas S. Souleles
University of Pennsylvania - Finance Department
Downloads 72 (265,346)
Citation 12

Abstract:

14.

Physician Income Expectations and Specialty Choice

NBER Working Paper No. W8536
Number of pages: 38 Posted: 11 Oct 2001
Sean Nicholson and Nicholas S. Souleles
Cornell University - Department of Policy Analysis & Management (PAM) and University of Pennsylvania - Finance Department
Downloads 55 (303,737)
Citation 9

Abstract:

15.
Downloads 51 (328,465)
Citation 4

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 34 (393,645)
Citation 4

Abstract:

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
Todd M. Sinai and Nicholas S. Souleles
University of Pennsylvania - The Wharton School and University of Pennsylvania - Finance Department
Downloads 17 (482,592)
Citation 4

Abstract:

16.

Physician Income Prediction Errors: Sources and Implications for Behavior

NBER Working Paper No. W8907
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 34 (369,935)
Citation 1

Abstract:

17.

Consumer Spending and the Economic Stimulus Payments of 2008

NBER Working Paper No. w16684
Number of pages: 48 Posted: 18 Jan 2011
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Pennsylvania - Finance Department, Government of the United States of America - Bureau of the Census and Bureau of Labor Statistics
Downloads 22 (400,807)
Citation 22

Abstract:

18.

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

Number of pages: 43 Posted: 14 Jul 2017
Jonathan A. Parker and Nicholas S. Souleles
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Finance Department
Downloads 0 (475,713)

Abstract:

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

19.

Consumer Response to the Reagan Tax Cuts

Journal of Public Economics, Forthcoming
Posted: 27 Apr 2001
Nicholas S. Souleles
University of Pennsylvania - Finance Department

Abstract:

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

20.

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, London School of Economics and University of Pennsylvania - Finance Department

Abstract: