Geng Li

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

47

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Top 19,178

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5,643

TOTAL CITATIONS
Rank 7,079

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Top 7,079

in Total Papers Citations

146

Scholarly Papers (47)

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1.

Extrapolative Uncertainty and Household Economic Behavior

Downloads 841 (63,068)
Citation 3

Extrapolative Uncertainty and Household Economic Behavior

Management Science, Forthcoming
Number of pages: 34 Posted: 13 Dec 2018 Last Revised: 07 Dec 2023
Elyas Fermand, Camelia M. Kuhnen, Geng Li and Itzhak Ben-David
Santa Clara University - Department of Finance, University of North Carolina (UNC) at Chapel Hill - Finance Area, Board of Governors of the Federal Reserve System and Ohio State University (OSU) - Department of Finance
Downloads 747 (72,642)

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uncertainty, extrapolation, expectations, precautionary behavior, consumption, credit, portfolio choice, socioeconomic status

Expectations Uncertainty and Household Economic Behavior

NBER Working Paper No. w25336
Number of pages: 51 Posted: 11 Dec 2018 Last Revised: 25 Mar 2023
Itzhak Ben-David, Elyas Fermand, Camelia M. Kuhnen and Geng Li
Ohio State University (OSU) - Department of Finance, Santa Clara University - Department of Finance, University of North Carolina (UNC) at Chapel Hill - Finance Area and Board of Governors of the Federal Reserve System
Downloads 94 (605,894)
Citation 3

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2.

Are Millennials Different?

FEDS Working Paper No. 2018-80
Number of pages: 56 Posted: 03 Dec 2018 Last Revised: 21 Feb 2019
Christopher Johann Kurz, Geng Li and Daniel J. Vine
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 816 (65,892)
Citation 1

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3.

Do High Debt Payments Hinder Household Consumption Smoothing?

FEDS Working Paper No. 2007-52
Number of pages: 41 Posted: 05 Dec 2007
Kathleen Johnson and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 289 (227,342)
Citation 10

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household debt, consumer finance, consumer spending

4.

The Debt Payment to Income Ratio as an Indicator of Borrowing Constraints: Evidence from Two Household Surveys

Number of pages: 32 Posted: 03 Apr 2009 Last Revised: 12 Jul 2010
Kathleen Johnson and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 255 (258,376)
Citation 21

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Debt service ratio, Consumption Smoothing, Borrowing constraints

5.

Credit Scores, Social Capital, and Stock Market Participation

FEDS Working Paper No. 2017-008
Number of pages: 45 Posted: 05 Feb 2017
Jesse Bricker and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 226 (292,159)
Citation 2

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Credit scores, Social Capital, Stock market participation, Trust

6.

Information Sharing and Stock Market Participation: Evidence from Extended Families

Downloads 214 (306,611)
Citation 34

Information Sharing and Stock Market Participation: Evidence from Extended Families

Number of pages: 20 Posted: 15 Apr 2009 Last Revised: 27 Jul 2009
Geng Li
Board of Governors of the Federal Reserve System
Downloads 111 (537,263)
Citation 8

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Information sharing, Stock market participation, Extended families

Information Sharing and Stock Market Participation: Evidence from Extended Families

Number of pages: 27 Posted: 15 Mar 2010
Geng Li
Board of Governors of the Federal Reserve System
Downloads 103 (568,798)
Citation 26

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Information sharing, Stock market participation, Extended families

7.

Credit Scores and Committed Relationships

FEDS Working Paper No. 2015-081, http://dx.doi.org/10.17016/FEDS.2015.081
Number of pages: 57 Posted: 29 Sep 2015
Jane Dokko, Geng Li and Jessica Hayes
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System and University of California, Los Angeles (UCLA)
Downloads 209 (314,893)
Citation 4

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Credit scores, Committed relationships, Assortative matching, Household finance, Trustworthiness

8.

Choice of Mortgage Contracts: Evidence from the Survey of Consumer Finances

FEDS Working Paper No. 2007-50
Number of pages: 19 Posted: 29 Nov 2007
Brahima Coulibaly and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 195 (334,499)
Citation 2

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Mortgage contracts, risk aversion, household finance, fixed-rate, adjustable-rate

9.

Belief Dispersion, Dispersion of Belief Changes, and Trading Volume: Evidence from Surveys of Consumers and Professional Forecasters

Number of pages: 42 Posted: 17 Mar 2010 Last Revised: 12 Jul 2010
Dan Li and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 182 (356,285)
Citation 1

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Belief Dispersion, Belief Change, Trading Volume, Surveys of Consumers, Survey of Professional Forecasters

10.

Unsecured Credit Supply over the Credit Cycle: Evidence from Credit Card Mailings

Finance and Economics Discussion Paper Series Paper No. 2011-29
Number of pages: 54 Posted: 25 May 2011 Last Revised: 27 Apr 2013
Song Han, Benjamin J. Keys and Geng Li
Board of Governors of the Federal Reserve System, The Wharton School - University of Pennsylvania, Real Estate Department and Board of Governors of the Federal Reserve System
Downloads 181 (358,045)
Citation 7

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personal bankruptcy, credit supply, credit card, mail solicitation, shrouding, CARD Act

11.

Household Borrowing After Personal Bankruptcy

Number of pages: 41 Posted: 10 Jan 2009
Song Han and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 173 (372,668)
Citation 17

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Personal bankruptcy, credit constraints, household finance

12.

Deadly Subprime Credit

Number of pages: 35 Posted: 03 Sep 2019 Last Revised: 19 Apr 2022
Geng Li, Han Ma and Vincent Yao
Board of Governors of the Federal Reserve System, Shanghai University of Economics and Finance and Georgia State University - J. Mack Robinson College of Business
Downloads 172 (376,519)

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Subprime credit, Traffic fatality, Ridesharing, Fintech

13.

Are Household Investors Noise Traders: Evidence from Belief Dispersion and Stock Trading Volume

FEDS Working Paper No. 2014-35
Number of pages: 48 Posted: 18 May 2014
Dan Li and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 162 (394,697)
Citation 1

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Belief dispersion, trading volume, household investors, surveys of consumers

14.

Studying Consumption with the Panel Study of Income Dynamics: Comparisons with the Consumer Expenditure Survey and an Application to the Intergenerational Transmission of Well-Being

FEDS Working Paper No. 2007-16
Number of pages: 36 Posted: 11 Jul 2007
Geng Li, Kerwin Kofi Charles, Sheldon Danziger and Robert F. Schoeni
Board of Governors of the Federal Reserve System, University of Chicago - Harris School of Public Policy, Russell Sage Foundation and University of Michigan at Ann Arbor - Survey Research Center
Downloads 129 (475,549)
Citation 5

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Panel Study of Income Dynamics, Consumer Expenditure Survey, Intergenerational Consumption Correlation

15.

Does Price Regulation Affect Competition? Evidence from Credit Card Solicitations

FEDS Working Paper No. 2019-018, NYU Stern School of Business
Number of pages: 46 Posted: 28 Mar 2019
Yiwei Dou, Geng Li and Joshua Ronen
New York University (NYU) - Department of Accounting, Board of Governors of the Federal Reserve System and New York University (NYU) - Department of Accounting
Downloads 123 (493,631)

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CARD Act, Competitive responsiveness, Credit card market, Regulations

16.

Borrowing from Yourself: 401(K) Loans and Household Balance Sheets

Downloads 123 (493,631)
Citation 6

Borrowing from Yourself: 401(K) Loans and Household Balance Sheets

FEDS Working Paper No. 2008-42
Posted: 06 Jul 2021 Last Revised: 03 Jul 2021
Geng Li and Paul A. Smith
Board of Governors of the Federal Reserve System and affiliation not provided to SSRN

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Borrowing from Yourself: 401(K) Loans and Household Balance Sheets

Number of pages: 28 Posted: 14 Aug 2008
Geng Li and Paul A. Smith
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 123 (495,924)
Citation 6

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401(k) loans, household debt, household wealth, consumption

17.

Lifecycle Dynamics of Income Uncertainty and Consumption

Number of pages: 31 Posted: 23 Aug 2008
James Feigenbaum and Geng Li
University of Pittsburgh and Board of Governors of the Federal Reserve System
Downloads 111 (533,610)
Citation 4

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consumption hump, income uncertainty, time-inconsistent

18.

Information, Contract Design, and Unsecured Credit Supply: Evidence from Credit Card Mailings

FEDS Working Paper No. 2015-103
Number of pages: 57 Posted: 18 Nov 2015 Last Revised: 30 Apr 2016
Song Han, Benjamin J. Keys and Geng Li
Board of Governors of the Federal Reserve System, The Wharton School - University of Pennsylvania, Real Estate Department and Board of Governors of the Federal Reserve System
Downloads 96 (591,695)
Citation 2

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Credit supply, information asymmetry, credit cards, mail solicitation, personal bankruptcy, CARD Act, household finances

19.

Gamblers as Personal Finance Activists

FEDS Working Paper No. 2012-18
Number of pages: 55 Posted: 08 May 2012
Geng Li
Board of Governors of the Federal Reserve System
Downloads 93 (603,662)
Citation 1

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Gambling, consumption, household balance sheet, insurance, charitable giving, unobserved heterogeneity

20.

Your Friends, Your Credit: Social Capital Measures Derived from Social Media and the Credit Market

Downloads 89 (620,386)

Your Friends, Your Credit: Social Capital Measures Derived from Social Media and the Credit Market

FEDS Working Paper No. 2023-48
Number of pages: 16 Posted: 06 Sep 2023
Jesse Bricker and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 49 (871,671)

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social trust, social capital, economic mobility, credit score

Your Friends, Your Credit: Social Capital Measures Derived from Social Media and the Credit Market

Number of pages: 9 Posted: 20 May 2024
Geng Li and Jesse Bricker
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 40 (954,414)

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social trust, Social Capital, economic mobility, credit score

21.

Belief Dispersion Among Household Investors and Stock Trading Volume

FEDS Working Paper No. 2011-39
Number of pages: 34 Posted: 09 Nov 2011
Geng Li and Dan Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 88 (624,766)
Citation 2

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Belief dispersion, trading volume, household investors, Surveys of Consumers

22.

Does the Card Act Affect Price Responsiveness? Evidence from Credit Card Solicitations

Downloads 87 (629,172)

Does the Card Act Affect Price Responsiveness? Evidence from Credit Card Solicitations

Number of pages: 47 Posted: 05 Mar 2022
Yiwei Dou, Geng Li and Joshua Ronen
New York University (NYU) - Department of Accounting, Board of Governors of the Federal Reserve System and New York University (NYU) - Leonard N. Stern School of Business
Downloads 60 (787,587)

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The CARD Act, Price responsiveness, Credit Card Solicitations

Does the Card Act Affect Price Responsiveness? Evidence from Credit Card Solicitations

Number of pages: 48 Posted: 29 Jan 2023
Yiwei Dou, Joshua Ronen and Geng Li
New York University (NYU) - Department of Accounting, New York University (NYU) - Leonard N. Stern School of Business and Board of Governors of the Federal Reserve System
Downloads 27 (1,099,417)

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Credit Card Solicitations, Price Responsiveness, CARD Act

23.

Transaction Costs and Consumption

FEDS Working Paper No. 2007-38
Number of pages: 46 Posted: 04 Oct 2007
Geng Li
Board of Governors of the Federal Reserve System
Downloads 86 (633,636)
Citation 1

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Transaction costs, marginal propensity to consume, consumption sensitivity

24.

New Evidence on 401(K) Borrowing and Household Balance Sheets

Downloads 80 (661,248)
Citation 1

New Evidence on 401(K) Borrowing and Household Balance Sheets

FEDS Working Paper No. 2009-19
Posted: 06 Jul 2021 Last Revised: 03 Jul 2021
Geng Li and Paul A. Smith
Board of Governors of the Federal Reserve System and affiliation not provided to SSRN

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New Evidence on 401(k) Borrowing and Household Balance Sheets

Number of pages: 33 Posted: 27 Mar 2009
Geng Li and Paul A. Smith
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 80 (670,261)
Citation 1

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401(k) loans, household debt, optimal borrowing, double taxation

25.

Do People Leave Money on the Table? Evidence from Joint Mortgage Applications and the Minimum FICO Rule

FEDS Notes. No. 2016-03-28 https://doi.org/10.17016/2380-7172.1718
Number of pages: 4 Posted: 17 Mar 2016
Geng Li, Weifeng Wu and Vincent Yao
Board of Governors of the Federal Reserve System, Independent and Georgia State University - J. Mack Robinson College of Business
Downloads 79 (666,138)

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Mistakes; Mortgages; Couples

26.

Learning by Investing: Embodied Technology and Business Cycles

FEDS Working Paper No. 2007-15
Number of pages: 53 Posted: 17 Jul 2008
Geng Li
Board of Governors of the Federal Reserve System
Downloads 75 (685,949)

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Embodied Technology, Learning, Overinvestment

27.

Are Real Assets Owners Less Averse to Inflation? Evidence from Consumer Sentiments and Inflation Expectations

FEDS Working Paper No. 2023-58
Number of pages: 46 Posted: 13 Sep 2023
Geng Li and Nitish Ranjan Sinha
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 70 (712,802)

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Inflation expectations, Consumer sentiments, Homeownership, Stockownership, Rational inattention, Inflation targeting

28.

Do Constraints on Market Work Hours Change Home Production Efforts?

Number of pages: 34 Posted: 03 Apr 2009 Last Revised: 27 Jul 2009
Geng Li
Board of Governors of the Federal Reserve System
Downloads 64 (747,561)
Citation 1

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Market hours constraints, home production, leisure time

29.

Are Adjustable-Rate Mortgage Borrowers Borrowing Constrained?

Downloads 59 (779,487)
Citation 10

Are Adjustable-Rate Mortgage Borrowers Borrowing Constrained?

FEDS Working Paper No. 2011-21
Number of pages: 19 Posted: 20 May 2011 Last Revised: 15 Nov 2011
Kathleen Johnson and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 59 (794,543)
Citation 10

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Adjustable-rate mortgages, consumption, borrowing constraints

Are Adjustable-Rate Mortgage Borrowers Borrowing Constrained?

Real Estate Economics, Forthcoming
Posted: 27 Nov 2012
Kathleen Johnson and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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Adjustable-Rate Mortgage, Credit Constraints, Consumption Smoothing

30.

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: 27 Feb 2023
Erik Hurst, Geng Li and Benjamin W. Pugsley
University of Chicago - Booth School of Business, Board of Governors of the Federal Reserve System and University of Notre Dame - Department of Economics
Downloads 58 (786,223)
Citation 8

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31.

A Semiparametric Characterization of Income Uncertainty over the Lifecycle

Number of pages: 46 Posted: 24 Aug 2008 Last Revised: 12 Jul 2010
James Feigenbaum and Geng Li
University of Pittsburgh and Board of Governors of the Federal Reserve System
Downloads 58 (786,223)
Citation 1

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income uncertainty, forecast errors, nonparametric estimates, lifecycle

32.

Household Income Uncertainties Over Three Decades

FEDS Working Paper No. 2011-25
Number of pages: 39 Posted: 19 May 2011 Last Revised: 15 Nov 2011
James Feigenbaum and Geng Li
affiliation not provided to SSRN and Board of Governors of the Federal Reserve System
Downloads 52 (829,372)
Citation 1

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Income uncertainty, Great Moderation, precautionary saving

33.

A Semiparametric Characterization of Income Uncertainty Over the Life Cycle

FEDS Working Paper No. 2010-42
Number of pages: 52 Posted: 27 Jul 2011
Geng Li and James A. Feigenbaum
Board of Governors of the Federal Reserve System and Utah State University
Downloads 38 (950,723)

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Income uncertainty, forecast errors, semiparametric estimates, lifecycle dynamics

34.

In the Driver's Seat: Pandemic Fiscal Stimulus and Light Vehicles

FEDS Working Paper No. 2024-13
Number of pages: 28 Posted: 17 Apr 2024
Jack Dunbar, Christopher Johann Kurz, Geng Li and Maria Tito
University of Pennsylvania, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 37 (960,607)

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Discretionary Fiscal Policy, Light Vehicle Purchases, Inflation

35.

One Month Longer, One Month Later? Prepayments in the Auto Loan Market

FEDS Working Paper No. 2024-56
Number of pages: 66 Posted: 29 Jul 2024
Bradley Katcher, Geng Li, Alvaro Mezza and Steve Ramos
Harvard University - Harvard Kennedy School (HKS), Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 33 (1,001,704)

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Prepayment, Auto loan, Maturity choice, Household financial decisions, Term structure, Liquidity constraints

36.

Who Drives Luxury Cars (Only for a While)?

FEDS Notes No. 2015-06-01
Posted: 09 Jul 2021
Christopher J. Kurz and Geng Li
affiliation not provided to SSRN and Board of Governors of the Federal Reserve System

Abstract:

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37.

The Young and the Carless? The Demographics of New Vehicle Purchases

FEDS Notes No. 2016-06-24
Posted: 09 Jul 2021
Christopher J. Kurz, Geng Li and Daniel J. Vine
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System and affiliation not provided to SSRN

Abstract:

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38.

How Does Student Loan Debt Affect Light Vehicle Purchases?

FEDS Notes No. 2015-02-02
Posted: 09 Jul 2021
Christopher J. Kurz and Geng Li
affiliation not provided to SSRN and Board of Governors of the Federal Reserve System

Abstract:

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39.

Developments in the Credit Score Distribution Over 2020

FEDS Notes No. 2021-04-30
Posted: 14 May 2021 Last Revised: 17 Jun 2021
Sarena Goodman, Geng Li, Alvaro Mezza and Lucas Nathe
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Consumer Financial Protection Bureau

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40.

Are Income and Credit Scores Highly Correlated?

FEDS Notes No. 2018-08-13
Posted: 20 Aug 2018 Last Revised: 25 Jun 2020
Rachael Beer, Anamaria Felicia Ionescu and Geng Li
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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41.

Gender-Related Differences in Credit Use and Credit Scores

FEDS Notes No. 2018-06-22
Posted: 28 Jun 2018 Last Revised: 25 Jun 2020
Geng Li
Board of Governors of the Federal Reserve System

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42.

Having a Lot Isn't Enough: Trends in Upsizing Houses and Shrinking Lots

FEDS Notes No. 2017-11-03 https://doi.org/10.17016/2380-7172.2090
Posted: 21 Oct 2017
Dillon Bowen and Geng Li
Tufts University and Board of Governors of the Federal Reserve System

Abstract:

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43.

The Young and the Carless? The Demographics of New Vehicle Purchases

FEDS Notes No. 2016-06-24http://dx.doi.org/10.17016/2380-7172.1798
Posted: 02 Apr 2016
Daniel J. Vine, Geng Li and Christopher Johann Kurz
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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44.

Is Underemployment Underestimated? Evidence from Panel Data

FEDS Notes No. 2016-05-16 http://dx.doi.org/10.17016/2380-7172.1775
Posted: 01 Apr 2016
Brett McCully and Geng Li
University of California, Los Angeles (UCLA) - Department of Economics and Board of Governors of the Federal Reserve System

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45.

Credit Scores, Trust, and Stock Market Participation

FEDS Notes No. 2015-10-01-1 https://doi.org/10.17016/2380-7172.1588
Posted: 30 Oct 2015
Jesse Bricker and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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46.

Who Drives Luxury Cars (Only for a While)?

FEDS Notes No. 2015-06-01 https://doi.org/10.17016/2380-7172.1536
Posted: 22 Oct 2015
Christopher Johann Kurz and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

Abstract:

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47.

How Does Student Loan Debt Affect Light Vehicle Purchases?

FEDS Notes No. 2015-02-02 https://doi.org/10.17016/2380-7172.1482
Posted: 22 Oct 2015
Christopher Johann Kurz and Geng Li
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

Abstract:

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