Working Paper

How Wealth and Age Interact to Affect Entrepreneurship

Philippe d’Astous,
Slava Mikhed,
Sahil Raina &
Barry Scholnick

January 2025

WP 25-03 (Superseded by WP 25-32)

This paper was superseded by Working Paper 25-32 – The Opposing Effects of Wealth on Younger and Older Entrepreneurs.

CFI in Focus: Incentives and Debt Repayment in Consumer Bankruptcy

Slava Mikhed,
Sahil Raina,
Barry Scholnick &
Man Zhang

16 Sep '24

CFI in Focus – In this article, we summarize findings from two recent studies on how requiring higher debt repayment to creditors in bankruptcy can lead to unintended consequences.

CFI in Focus

Consumer Credit

Working Paper

Debtor Income Manipulation in Consumer Credit Contracts

Slava Mikhed,
Sahil Raina,
Barry Scholnick &
Man Zhang

Revised: December 2023

WP 22-35/R – We show that forcing insolvent consumer debtors to repay a larger fraction of debt causes them to strategically manipulate the data they report to creditors.

Consumer Credit

Working Paper

Missouri’s Medicaid Contraction and Consumer Financial Outcomes

Revised February 2023

WP 20-42/R – In July 2005, the state of Missouri implemented a series of cuts to its Medicaid program. These cuts resulted in the elimination of the Medical Assistance for Workers with Disabilities program, more stringent eligibility requirements, and less generous Medicaid coverage for eligible individuals.