Wenli Li

Senior Economic Advisor and Economist

Phone: (215) 574-3985
Fax: (215) 574-4303
Send an e-mail to Wenli Li
Curriculum vitae

Current Working Papers

"Credit Access and Credit Performance After Consumer Bankruptcy Filing: New Evidence," with Julapa Jagtiani, Working Paper 13-24, May 2013.
"Home Production and Social Security Reform," with Michael Dotsey and Fang Yang, Working Paper 12-5, February 2012.
"Mortgage Default, Foreclosure, and Bankruptcy" with Michelle White, NBER Working Paper W15472.
"Housing Over Time and Over the Life Cycle: A Structural Estimation," with Haiyong Liu and Rui Yao, Working Paper 09-7, March 2009.
"The Anatomy of U.S. Personal Bankruptcy Under Chapter 13," with Hülya Eraslan and Pierre-Daniel Sarte, Working Paper 07-31, September 2007.

Publications in Refereed Journals

"Consumption and Time Use Over the Life Cycle" (with Michael Dotsey and Fang Yang), International Economic Review, forthcoming. View the online appendix for this paper. (176 KB)
"Did Bankruptcy Reform Cause Mortgage Default Rates to Rise?" (with Michelle White and Ning Zhu), American Economic Journal: Economic Policy (2011), pp. 123-47.
"The Homeownership Experience of Households in Bankruptcy" (with Sarah W. Carroll), Cityscape 13 (1) (2011), pp. 113-134.
"Skill Shortages and Labor Market Outcomes in Central Europe" (with Zuzana Brixova and Tarif Yousef), Economic Systems 33(1) (March 2009), pp. 45-59.
"The Life-Cycle Effects of House Price Changes," with Rui Yao, Journal of Money, Credit, and Banking (September 2007), pp. 1375-1409.
"Fresh Start or Head Start? The Effect of Filing for Personal Bankruptcy on the Labor Supply," with Song Han, Journal of Financial Services Research (June 2007), pp. 132-52.
"U.S. Consumer Bankruptcy Choice: The Importance of General Equilibrium Effects," with Pierre-Daniel Sarte, Journal of Monetary Economics (April 2006), pp. 613-31.
"Progressive Taxation and Long-run Growth," with Pierre-Daniel Sarte, American Economic Review (December 2004), pp. 1705-1716.
"Credit Market Frictions and Their Direct Effects on U.S. Manufacturing Fluctuations," with Pierre-Daniel Sarte, Journal of Economic Dynamics and Control (December 2003), pp. 419-43.
"Firm Specific Learning and the Investment Behavior of Large and Small Firms," with John Weinberg, International Economic Review (May 2003), pp. 599-625.
"On the Differential Impact of the Asian Crisis on the World Economy: A General Equilibrium Perspective," with Xinshen Diao and Erinc Yeldan, Pacific Economic Review (October 2002), pp. 519-43.
"Entrepreneurship and Government Subsidies: A General Equilibrium Analysis," Journal of Economic Dynamics and Control (September 2002), pp. 1815-44.
"Dynamics Employment and Hours Effects of Government Spending Shocks," with Mingwei Yuan, Journal of Economic Dynamics and Control (July 2000), pp. 1233-63.

Federal Reserve Bank of Philadelphia Business Review Articles

“The Economics of Household Leveraging and Deleveraging,” with Susheela Patwari, Third Quarter 2012.
“American Dream or American Obsession? The Economic Benefits and Costs of Homeownership,” with Fang Yang, Third Quarter 2010.
"Residential Housing and Personal Bankruptcy," Second Quarter 2009.
"What Do We Know About Chapter 13 Personal Bankruptcy Filings?," Fourth Quarter 2007.
"Your House Just Doubled in Value? Don't Uncork the Champagne Just Yet!" (with Rui Yao), First Quarter 2006.
"Moving Up: Trend in Homeownership and Mortgage Indebtedness," First Quarter 2005.

Other Publications

"Mortgage Foreclosure Prevention Efforts," with Kristopher Gerardi, Economic Review, Federal Reserve Bank of Atlanta (2010), 95(2), pp. 1-13.
"To Forgive or Not to Forgive: An Analysis of U.S. Consumer Bankruptcy Choices," Federal Reserve Bank of Richmond Economic Quarterly (Spring 2001), pp. 1-22.
"How the Asian Crisis Affected the World Economy: A General Equilibrium Perspective," with Xinshen Diao and Erinc Yeldan, Federal Reserve Bank of Richmond Economic Quarterly (Spring 2000), pp. 35-59.
"Government Loan, Guarantee and Grant Programs: An Evaluation," Federal Reserve Bank of Richmond Economic Quarterly (Fall 1998), pp. 25-51.

Last update: June 3, 2013