Erik Hurst

University of Chicago - Booth School of Business

V. Duane Rath Professor of Economics and Neubauer Family Faculty Fellow

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

40

DOWNLOADS
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4,570

CITATIONS
Rank 601

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Top 601

in Total Papers Citations

944

Scholarly Papers (40)

Regional Redistribution Through the U.S. Mortgage Market

Kreisman Working Papers Series in Housing Law and Policy No. 25
Number of pages: 69 Posted: 28 Feb 2015 Last Revised: 01 Mar 2016
University of Chicago - Booth School of Business, The Wharton School - University of Pennsylvania, Real Estate Department, Stanford University and University of Chicago - Booth School of Business
Downloads 661 (37,726)
Citation 1

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Risk-sharing, GSEs, mortgages, redistribution, financial crisis, pricing

Regional Redistribution Through the U.S. Mortgage Market

NBER Working Paper No. w21007
Number of pages: 70 Posted: 09 Mar 2015 Last Revised: 25 Mar 2015
University of Chicago - Booth School of Business, The Wharton School - University of Pennsylvania, Real Estate Department, Stanford University and University of Chicago - Booth School of Business
Downloads 8 (617,527)
Citation 1

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2.

The Bankruptcy Decision: Does Stigma Matter?

University of Michigan Working Paper No. 98-01
Number of pages: 49 Posted: 26 Mar 1998
University of Florida, Department of Marketing, University of Chicago - Booth School of Business and University of California, San Diego (UCSD) - Department of Economics
Downloads 648 (39,325)
Citation 18

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3.

Do Household Savings Encourage Entrepreneurship? Household Wealth, Parental Wealth, and the Transition in and Out of Entrepreneurship

Number of pages: 25 Posted: 13 Jun 2006
Erik Hurst and Annamaria Lusardi
University of Chicago - Booth School of Business and George Washington University - Department of Accountancy
Downloads 408 (70,706)
Citation 2

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Measuring Trends in Leisure: The Allocation of Time Over Five Decades

FRB Boston Working Paper No. 06-2
Number of pages: 61 Posted: 04 Mar 2006
Mark Aguiar and Erik Hurst
Princeton University and University of Chicago - Booth School of Business
Downloads 201 (150,043)
Citation 7

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Measuring Trends in Leisure: The Allocation of Time Over Five Decades

NBER Working Paper No. w12082
Number of pages: 66 Posted: 11 May 2006 Last Revised: 15 Aug 2014
Erik Hurst and Mark Aguiar
University of Chicago - Booth School of Business and Princeton University
Downloads 57 (369,284)
Citation 1

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Liquidity Constraints, Household Wealth and Entrepreneurship

Dartmouth College Working Paper No. 2003
Number of pages: 37 Posted: 17 Jul 2003
Annamaria Lusardi and Erik Hurst
George Washington University - Department of Accountancy and University of Chicago - Booth School of Business
Downloads 240 (126,197)
Citation 5

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Business formation, wealthy households, starting capital

Liquidity Constraints, Household Wealth, and Entrepreneurship

Journal of Political Economy, Vol. 112, pp. 319-47, April 2004
Posted: 08 Mar 2004
Erik Hurst and Annamaria Lusardi
University of Chicago - Booth School of Business and George Washington University - Department of Accountancy

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Liquidity Constraints, Household Wealth, and Entrepreneurship

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 24 Nov 2009
Erik Hurst and Annamaria Lusardi
University of Chicago - Booth School of Business and George Washington University - Department of Accountancy

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National Survey of Small Business Finances (Federal Reserve Board), Panel Study of Income Dynamics (PSID), Capital, Credit, Assets, Liquidity, Wealth

6.

Within-City Variation in Urban Decline: The Case of Detroit

FRB of Cleveland Working Paper No. 12-05
Number of pages: 12 Posted: 02 Feb 2012
University of Chicago - Booth School of Business, Federal Reserve Bank of Chicago and University of Chicago - Booth School of Business
Downloads 226 (134,447)

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urban decline, income dynamics, Detroit, externalities

Manufacturing Decline, Housing Booms, and Non-Employment

Chicago Booth Research Paper No. 13-57
Number of pages: 51 Posted: 04 Jun 2013
University of Chicago - Harris Public Policy, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 176 (169,680)
Citation 8

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Housing Booms, Manufacturing Decline, and Labor Market Outcomes

NBER Working Paper No. w18949
Number of pages: 54 Posted: 05 Apr 2013 Last Revised: 25 Apr 2013
University of Chicago - Harris Public Policy, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 43 (419,054)

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8.

Conspicuous Consumption and Race

NBER Working Paper No. w13392
Number of pages: 65 Posted: 14 Sep 2007 Last Revised: 06 Aug 2010
University of Michigan - Department of Economics & Ford School, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 120 (231,832)
Citation 2

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9.
Downloads 115 (239,203)
Citation 17

Deconstructing Lifecycle Expenditure

Michigan Retirement Research Center Research Paper No. WP 2008-173
Number of pages: 58 Posted: 26 Feb 2008
Mark Aguiar and Erik Hurst
Princeton University and University of Chicago - Booth School of Business
Downloads 79 (308,795)

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Deconstructing Lifecycle Expenditure

NBER Working Paper No. w13893
Number of pages: 58 Posted: 21 Mar 2008 Last Revised: 17 Aug 2014
Mark Aguiar and Erik Hurst
Princeton University and University of Chicago - Booth School of Business
Downloads 36 (448,555)

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10.
Downloads 114 (240,692)
Citation 52

Endogenous Gentrification and Housing-Price Dynamics

FRB of Cleveland Working Paper No. 10-08r
Number of pages: 42 Posted: 11 Aug 2010 Last Revised: 29 Oct 2014
University of Chicago - Booth School of Business, Federal Reserve Bank of Chicago and University of Chicago - Booth School of Business
Downloads 90 (284,523)
Citation 9

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gentrifi cation, housing-price dynamics, housing-consumption externalities.

Endogenous Gentrification and Housing Price Dynamics

NBER Working Paper No. w16237
Number of pages: 57 Posted: 02 Aug 2010 Last Revised: 30 Apr 2013
University of Chicago - Booth School of Business, Federal Reserve Bank of Chicago and University of Chicago - Booth School of Business
Downloads 24 (511,804)
Citation 4

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Regional Heterogeneity and the Refinancing Channel of Monetary Policy

FRB of New York Staff Report No. 731
Number of pages: 73 Posted: 19 Jun 2015 Last Revised: 18 Mar 2018
University of Chicago, Swiss National Bank - Financial Stability, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 94 (276,629)

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monetary policy, regional inequality, quantitative easing, mortgage refinancing

Regional Heterogeneity and Monetary Policy

NBER Working Paper No. w23270
Number of pages: 73 Posted: 27 Mar 2017
University of Chicago, Swiss National Bank - Financial Stability, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 11 (596,792)

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Regional Heterogeneity and Monetary Policy

FRB of NY Staff Report No. 731
Number of pages: 68 Posted: 07 Sep 2017
University of Chicago, Swiss National Bank - Financial Stability, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 6 (631,745)

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monetary policy, regional inequality, quantitative easing, mortgage refinancing

12.

Making Savers Winners: An Overview of Prize-Linked Savings Products

NBER Working Paper No. w16433
Number of pages: 34 Posted: 12 Oct 2010 Last Revised: 30 Apr 2013
University of Maryland - Department of Economics, University of Oxford - Said Business School, Northwestern University - Human Development and Social Policy (HDSP) Program and University of Chicago - Booth School of Business
Downloads 111 (245,264)

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13.
Downloads 106 (253,413)
Citation 5

The Aggregate Implications of Regional Business Cycles

Kilts Center for Marketing at Chicago Booth – Nielsen Dataset Paper Series 1-024
Number of pages: 69 Posted: 18 Feb 2016 Last Revised: 28 Aug 2016
Martin Beraja, Erik Hurst and Juan Ospina
University of Chicago, University of Chicago - Booth School of Business and University of Chicago
Downloads 79 (308,795)

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Business Cycles, Regional Business Cycles, Aggregate Fluctuations, VAR Identification, Scanner Price Indexes, Regional Economics

The Aggregate Implications of Regional Business Cycles

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-04
Number of pages: 82 Posted: 16 Jan 2019
Martin Beraja, Erik Hurst and Juan Ospina
University of Chicago, University of Chicago - Booth School of Business and University of Chicago
Downloads 18 (550,095)
Citation 4

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The Aggregate Implications of Regional Business Cycles

NBER Working Paper No. w21956
Number of pages: 90 Posted: 08 Feb 2016
Martin Beraja, Erik Hurst and Juan Ospina
University of Chicago, University of Chicago - Booth School of Business and University of Chicago
Downloads 9 (610,643)

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Precautionary Savings and the Importance of Business Owners

CFS Working Paper No. 2006/16
Number of pages: 35 Posted: 23 Jun 2006
University of Chicago - Booth School of Business, Federal Reserve Board - Department of Research & Statistics, George Washington University - Department of Accountancy and University of Chicago - Department of Economics
Downloads 65 (345,101)

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Income Risk, Household Wealth, Entrepreneurship

Precautionary Savings and the Importance of Business Owners

NBER Working Paper No. w11731
Number of pages: 55 Posted: 25 Jan 2006 Last Revised: 15 Aug 2014
University of Chicago - Booth School of Business, Federal Reserve Board - Department of Research & Statistics, George Washington University - Department of Accountancy and University of Chicago - Department of Economics
Downloads 28 (488,039)
Citation 1

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15.
Downloads 85 (292,650)
Citation 25

Lifecycle Prices and Production

FRB of Boston Public Policy Discussion Paper No. 05-3
Number of pages: 58 Posted: 04 Mar 2006
Mark Aguiar and Erik Hurst
Princeton University and University of Chicago - Booth School of Business
Downloads 63 (350,877)

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lifecycle consumption, permanent income hypothesis, home production, time use

Lifecycle Prices and Production

NBER Working Paper No. w11601
Number of pages: 62 Posted: 27 Oct 2005 Last Revised: 15 Aug 2014
Mark Aguiar and Erik Hurst
Princeton University and University of Chicago - Booth School of Business
Downloads 22 (524,346)
Citation 4

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The Transformation of Manufacturing and the Decline in U.S. Employment

Becker Friedman Institute for Research in Economics Working Paper No. 2018-20
Number of pages: 71 Posted: 17 Apr 2018
University of Chicago - Harris Public Policy, University of Chicago - Booth School of Business and University of Chicago
Downloads 50 (392,902)

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The Transformation of Manufacturing and the Decline in U.S. Employment

NBER Working Paper No. w24468
Number of pages: 71 Posted: 02 Apr 2018
University of Chicago - Harris Public Policy, University of Chicago - Booth School of Business and University of Chicago
Downloads 34 (457,509)
Citation 2
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17.
Downloads 72 (322,521)
Citation 6

Social Security and Unsecured Debt

FRB of Boston Public Policy Discussion Paper No. 04-10
Number of pages: 52 Posted: 04 Mar 2006
Erik Hurst and Paul Willen
University of Chicago - Booth School of Business and Federal Reserve Bank of Boston - Research Department
Downloads 47 (403,720)

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Social Security and Unsecured Debt

NBER Working Paper No. w10282
Number of pages: 57 Posted: 01 Feb 2004 Last Revised: 15 Aug 2014
Erik Hurst and Paul Willen
University of Chicago - Booth School of Business and Federal Reserve Bank of Boston - Research Department
Downloads 25 (505,629)

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18.

Grasshoppers, Ants and Pre-Retirement Wealth: A Test of Permanent Income Consumers

Michigan Retirement Research Center Research Paper No. WP 2004-088
Number of pages: 49 Posted: 14 Feb 2008
Erik Hurst
University of Chicago - Booth School of Business
Downloads 71 (325,039)
Citation 1

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19.

What Do Small Businesses Do?

NBER Working Paper No. w17041
Number of pages: 64 Posted: 16 May 2011 Last Revised: 29 Oct 2014
Erik Hurst and Benjamin W. Pugsley
University of Chicago - Booth School of Business and University of Notre Dame - Department of Economics
Downloads 70 (327,641)
Citation 7

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20.

Consumption vs. Expenditure

NBER Working Paper No. w10307
Number of pages: 68 Posted: 27 Feb 2004 Last Revised: 15 Aug 2014
Mark Aguiar and Erik Hurst
Princeton University and University of Chicago - Booth School of Business
Downloads 70 (327,641)

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21.
Downloads 67 (335,489)
Citation 11

Wealth, Tastes, and Entrepreneurial Choice

US Census Bureau Center for Economic Studies Paper No. CES-WP- 15-34
Number of pages: 47 Posted: 28 Oct 2015
Erik Hurst and Benjamin W. Pugsley
University of Chicago - Booth School of Business and University of Notre Dame - Department of Economics
Downloads 33 (462,167)

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entrepreneurship, non-pecuniary benefits

Wealth, Tastes, and Entrepreneurial Choice

FRB of NY Staff Report No. 747
Number of pages: 47 Posted: 22 Oct 2015 Last Revised: 30 Aug 2017
Erik Hurst and Benjamin W. Pugsley
University of Chicago - Booth School of Business and University of Notre Dame - Department of Economics
Downloads 23 (517,920)

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entrepreneurship, non-pecuniary benefits

Wealth, Tastes, and Entrepreneurial Choice

NBER Working Paper No. w21644
Number of pages: 48 Posted: 19 Oct 2015 Last Revised: 30 Oct 2015
Erik Hurst and Benjamin W. Pugsley
University of Chicago - Booth School of Business and University of Notre Dame - Department of Economics
Downloads 11 (596,792)
Citation 3

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22.

The Evolution of Income, Consumption, and Leisure Inequality in the Us, 1980-2010

NBER Working Paper No. w17982
Number of pages: 45 Posted: 07 Apr 2012 Last Revised: 08 Aug 2012
University College London - Department of Economics, University of Chicago - Booth School of Business and Stanford University
Downloads 67 (335,489)
Citation 1

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23.

Making Savers Winners: An Overview of Prize-Linked Saving Products

Pension Research Council WP 2010-36
Number of pages: 35 Posted: 13 Nov 2010
University of Maryland - Department of Economics, University of Oxford - Said Business School, Northwestern University - Human Development and Social Policy (HDSP) Program and University of Chicago - Booth School of Business
Downloads 67 (335,489)

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lottery, prize, saving, accounts, income, products, households, gambling, investment

24.

Diminishing Margins: Housing Market Declines and Family Financial Responses

Michigan Retirement Research Center Research Paper No. 2012-276
Number of pages: 34 Posted: 24 Jan 2013
Frank P. Stafford, Erik Hurst and Bing Chen
University of Michigan at Ann Arbor - Department of Economics, University of Chicago - Booth School of Business and University of Michigan at Ann Arbor - Department of Economics
Downloads 62 (349,134)
Citation 2

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mortgage distress, foreclosure, housing, Case-Shiller index

The Correlation of Wealth Across Generations

NBER Working Paper No. w9314
Number of pages: 39 Posted: 07 Nov 2002 Last Revised: 15 Aug 2014
Kerwin Kofi Charles and Erik Hurst
University of Michigan - Department of Economics & Ford School and University of Chicago - Booth School of Business
Downloads 49 (396,451)
Citation 59

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The Correlation of Wealth Across Generations

Journal of Political Economy, Vol. 111, December 2003
Posted: 08 Jan 2004
Kerwin Kofi Charles and Erik Hurst
University of Michigan - Department of Economics & Ford School and University of Chicago - Booth School of Business

Abstract:

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26.

The Retirement of a Consumption Puzzle

NBER Working Paper No. w13789
Number of pages: 32 Posted: 13 Feb 2008 Last Revised: 17 Aug 2014
Erik Hurst
University of Chicago - Booth School of Business
Downloads 45 (403,647)

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27.

Leisure Luxuries and the Labor Supply of Young Men

NBER Working Paper No. w23552
Number of pages: 66 Posted: 04 Jul 2017
Princeton University, University of Rochester - Department of Economics, University of Chicago - Harris Public Policy and University of Chicago - Booth School of Business
Downloads 41 (418,414)
Citation 1

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28.
Downloads 37 (438,506)
Citation 19

The Allocation of Talent and U.S. Economic Growth

NBER Working Paper No. w18693
Number of pages: 47 Posted: 12 Jan 2013 Last Revised: 04 Feb 2013
University of Chicago - Booth School of Business, University of Chicago - Booth School of Business, Stanford Graduate School of Business and Stanford University - Department of Economics
Downloads 31 (472,153)
Citation 1

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The Allocation of Talent and U.S. Economic Growth

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-93
Number of pages: 52 Posted: 20 Jun 2019
University of Chicago - Booth School of Business, University of Chicago - Booth School of Business, Stanford Graduate School of Business and Stanford University
Downloads 6 (646,720)

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29.

Time Use During Recessions

NBER Working Paper No. w17259
Number of pages: 55 Posted: 29 Jul 2011 Last Revised: 30 Apr 2013
Princeton University, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 35 (442,653)
Citation 1

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30.

The Increase in Leisure Inequality

NBER Working Paper No. w13837
Number of pages: 64 Posted: 10 Mar 2008 Last Revised: 17 Aug 2014
Mark Aguiar and Erik Hurst
Princeton University and University of Chicago - Booth School of Business
Downloads 34 (446,831)

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31.

Do Welfare Asset Limits Affect Household Saving? Evidence from Welfare Reform

NBER Working Paper No. w10487
Number of pages: 49 Posted: 26 May 2004 Last Revised: 15 Aug 2014
Erik Hurst and James P. Ziliak
University of Chicago - Booth School of Business and University of Kentucky - Department of Economics
Downloads 34 (446,831)

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32.

Grasshoppers, Ants, and Pre-Retirement Wealth: A Test of Permanent Income

NBER Working Paper No. w10098
Number of pages: 52 Posted: 17 Nov 2003 Last Revised: 15 Aug 2014
Erik Hurst
University of Chicago - Booth School of Business
Downloads 33 (451,141)

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33.

Parental Education and Parental Time with Children

NBER Working Paper No. w13993
Number of pages: 61 Posted: 16 May 2008 Last Revised: 17 Aug 2014
Northwestern University - Human Development and Social Policy (HDSP) Program, University of Chicago - Booth School of Business and University of Maryland - Department of Economics
Downloads 29 (469,834)
Citation 6

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34.

Are Household Surveys Like Tax Forms: Evidence from Income Underreporting of the Self Employed

NBER Working Paper No. w16527
Number of pages: 58 Posted: 14 Nov 2010 Last Revised: 29 Oct 2014
Erik Hurst, Geng Li and Benjamin W. Pugsley
University of Chicago - Booth School of Business, Federal Reserve Board and University of Notre Dame - Department of Economics
Downloads 27 (480,002)
Citation 1

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35.

Marital Sorting and Parental Wealth

NBER Working Paper No. w16748
Number of pages: 40 Posted: 31 Jan 2011 Last Revised: 30 Apr 2013
University of Chicago - Harris Public Policy, University of Chicago - Booth School of Business and Harvard University
Downloads 22 (507,659)

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36.

Housing Booms and Busts, Labor Market Opportunities, and College Attendance

NBER Working Paper No. w21587
Number of pages: 66 Posted: 28 Sep 2015 Last Revised: 30 Oct 2015
University of Chicago - Harris Public Policy, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 16 (542,564)
Citation 1

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Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data

NBER Working Paper No. w25628
Number of pages: 56 Posted: 13 Mar 2019 Last Revised: 10 Apr 2019
John Grigsby, Erik Hurst and Ahu Yildirmaz
University of Chicago, University of Chicago - Booth School of Business and Automatic Data Processing, Inc. (ADP)
Downloads 7 (624,582)
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Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data

NBER Working Paper No. w25628
Number of pages: 56 Posted: 12 Mar 2019
John Grigsby, Erik Hurst and Ahu Yildirmaz
University of Chicago, University of Chicago - Booth School of Business and Automatic Data Processing, Inc. (ADP)
Downloads 4 (646,720)
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Income Growth and the Distributional Effects of Urban Spatial Sorting

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-98
Number of pages: 88 Posted: 12 Aug 2019
University of California, Berkeley, University of California, Berkeley - Department of Economics, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 4 (646,720)

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Income Growth and the Distributional Effects of Urban Spatial Sorting

NBER Working Paper No. w26142
Number of pages: 59 Posted: 12 Aug 2019
University of California, Berkeley, University of California, Berkeley - Department of Economics, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
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39.

Recent Developments in the Economics of Time Use

Annual Review of Economics, Vol. 4, pp. 373-397, 2012
Posted: 01 Sep 2012
Princeton University, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business

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40.

Consumption Versus Expenditure

Journal of Political Economy, Vol. 113, pp. 919-948, October 2005
Posted: 15 Sep 2005
Mark Aguiar and Erik Hurst
Princeton University and University of Chicago - Booth School of Business

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