Frank N. Caliendo


Interests: Macroeconomics, Public Economics, Household Finance, Economic Theory.

I am currently interested in household financial decision making under uncertainty. For example, how should households optimally hedge the risk of sudden and permanent job loss? What is the welfare cost of such uncertainty, and how well do existing social insurance programs (OASI, SSDI) help to mitigate these risks? Similarly, how should households prepare for uncertainty about the timing and structure of Social Security reform, and what is the welfare cost of such policy uncertainty? I am interested in these and other related questions at the intersection of macroeconomics, public economics, and household finance.

Working Papers:

The Welfare Cost of Retirement Uncertainty

Joint with Maria Casanova and Aspen Gorry and Sita Slavov

The Cost of Uncertainty about the Timing of Social Security Reform

Joint with Aspen Gorry and Sita Slavov

Commitment, Welfare, and the Frequency of Choice

Joint with Scott Findley

Policy Uncertainty and Bank Bailouts

Joint with Nick Guo and Jason Smith

Survival Ambiguity and Welfare (coming soon)

Joint with Aspen Gorry and Sita Slavov


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