Jonathan Hershaff

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Jonathan Hershaff

Job Market Candidate

  • Fields of Study
    • Labor
      Public Finance
      Education
  • About

    Jonathan Hershaff is a Ph.D. candidate in economics at the University of Michigan. His research interests include education financing, consumer credit, and education policy, both K-12 and higher education. Hershaff’s job market paper utilizes exogenous variation in the allocation of student loans with a federal guarantee to estimate the impact of lender moral hazard on default rates. Ongoing projects include estimating the extent to which young adults substitute between debt products and studying determinants of households’ debt repayment hierarchy. Hershaff has earned an M.A. in Economics from the University of Michigan and a B.A. in Economics and Mathematics from Vassar College. Prior to starting his Ph.D., Hershaff worked as an associate vice president in business real estate financing at Wells Fargo Bank and as a senior research assistant at the Federal Reserve Board of Governors, where he co-authored published research on neighborhood patterns of subprime mortgage lending.

    Moral Hazard and Lending: Evidence from the Student Loan Market — Job Market Paper

    References

    Brian Jacob
    Ford School of Public Policy
    Department of Economics
    University of Michigan
    734.615.6994
    bajacob@umich.edu

    Susan Dynarski
    Ford School of Public Policy
    School of Education
    Department of Economics
    University of Michigan
    734.615.5113
    dynarski@umich.edu

    Jeffrey Smith
    Department of Economics
    University of Michigan
    734.764.5359
    econjeff@umich.edu

    James R. Hines Jr.
    Department of Economics
    University of Michigan
    734.764.2320
    jrhines@umich.edu
       


  • Education
    • M.A. in Economics, University of Michigan (2012)
      B.A. in Economics and Mathematics, Vassar College (2003)