Seth Neumuller

Seth Neumuller
Curriculum Vitae

seth.neumuller@wellesley.edu

(781) 283-2669
Economics
B.S., Rice University; M.A., Ph.D., University of California (Los Angeles)
PNE 414



Seth Neumuller
Assistant Professor of Economics

Research in applied macroeconomics, with an emphasis on issues related to consumer finance and labor markets.


My research is in applied macroeconomics, with an emphasis on issues related to consumer finance and labor markets. I am particularly interested in the macroeconomic implications of the various formal and informal ways in which individuals can insure themselves against fluctuations in their labor income. My current research investigates how consumers trade-off risk and return in the labor market, and how the sorting of workers across industries is affected by the presence of credit market imperfections and labor income taxes. In prior work, I have examined the role of learning by consumers and lenders in explaining the aggregate dynamics of unsecured debt and default in the United States. I have also worked on quantifying the effects of recent reforms to the U.S. bankruptcy code on the prevalence of mortgage defaults and foreclosures during the Great Recession.

At Wellesley, I teach Intermediate Macroeconomic Theory and two courses in finance. One of the courses in finance offers a broad overview of the role of financial markets in the economy, while the other examines the financial decision making process of firms.