Michaela Pagel

Columbia University - Columbia Business School

3022 Broadway

New York, NY 10027

United States

SCHOLARLY PAPERS

17

DOWNLOADS
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SSRN RANKINGS

Top 33,938

in Total Papers Downloads

1,891

SSRN CITATIONS
Rank 5,138

SSRN RANKINGS

Top 5,138

in Total Papers Citations

245

CROSSREF CITATIONS

16

Scholarly Papers (17)

How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic

Number of pages: 36 Posted: 01 Apr 2020 Last Revised: 21 Apr 2020
Northwestern University, Kellogg School of Management, Department of Finance, Advanced Projects & Applied Research in FintechColumbia Business School - Finance and Economics, University of Southern Denmark - Department of Business and Economics, Columbia University - Columbia Business School and University of Chicago
Downloads 856 (36,202)
Citation 9

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Consumption, Coronavirus, COVID-19, Household Finance, Transaction Data

How Does Household Spending Respond to an Epidemic? Consumption During the 2020 Covid-19 Pandemic

NBER Working Paper No. w26949
Number of pages: 35 Posted: 06 Apr 2020 Last Revised: 21 Aug 2021
Northwestern University, Kellogg School of Management, Department of Finance, Columbia University - Columbia Business School, University of Southern Denmark - Department of Business and Economics, Columbia University - Columbia Business School and University of Chicago
Downloads 39 (555,638)
Citation 60

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Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-55
Number of pages: 66 Posted: 28 Apr 2020 Last Revised: 16 Sep 2020
Northwestern University, Kellogg School of Management, Department of Finance, Columbia University - Columbia Business School, University of Southern Denmark - Department of Business and Economics, Columbia University - Columbia Business School and University of Chicago, Booth School of Business, Finance, Students
Downloads 236 (168,188)
Citation 1

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Consumption, COVID-19, Stimulus, MPC, Household Finance, Transaction Data

Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments

NBER Working Paper No. w27097
Number of pages: 66 Posted: 05 May 2020 Last Revised: 15 Jan 2022
Northwestern University, Kellogg School of Management, Department of Finance, Columbia University - Columbia Business School, University of Southern Denmark - Department of Business and Economics, Columbia University - Columbia Business School and University of Chicago
Downloads 58 (468,579)
Citation 16

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3.

Expectations-Based Reference-Dependent Preferences and Asset Pricing

Number of pages: 50 Posted: 22 May 2013
Michaela Pagel
Columbia University - Columbia Business School
Downloads 103 (332,772)
Citation 15

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Expectations-based reference-dependent preferences, asset pricing, equity premium puzzle, predictability

4.

Expectations-Based Reference-Dependent Life-Cycle Consumption

Number of pages: 70 Posted: 22 May 2013
Michaela Pagel
Columbia University - Columbia Business School
Downloads 101 (337,180)
Citation 27

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Expectations-based reference-dependent preferences, life-cycle consumption, excess smoothness, excess sensitivity

Gender Quotas and Support for Women in Board Elections

GMU Working Paper in Economics No. 21-04, Columbia Business School Research Paper Forthcoming
Number of pages: 49 Posted: 01 Mar 2021
Monash University, George Mason University - Department of Economics and Columbia University - Columbia Business School
Downloads 78 (399,569)

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Gender Quotas and Support for Women in Board Elections

NBER Working Paper No. w28463
Number of pages: 49 Posted: 15 Feb 2021 Last Revised: 18 Nov 2021
Monash University, George Mason University and Columbia University - Columbia Business School
Downloads 17 (704,893)
Citation 2
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Consumption out of Fictitious Capital Gains and Selective Inattention

Number of pages: 59 Posted: 11 May 2020 Last Revised: 04 Jan 2021
Benjamin Loos, Steffen Meyer and Michaela Pagel
Technische Universität München (TUM) - TUM School of Management, University of Southern Denmark - Department of Business and Economics and Columbia University - Columbia Business School
Downloads 75 (408,737)

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Inattention, Disposition Effect, Consumption Out of Stock Market Wealth

The Consumption Effects of the Disposition to Sell Winners and Hold Losers

NBER Working Paper No. w26668
Number of pages: 58 Posted: 22 Jan 2020 Last Revised: 14 Nov 2021
Benjamin Loos, Steffen Meyer and Michaela Pagel
Technische Universität München (TUM) - TUM School of Management, University of Southern Denmark - Department of Business and Economics and Columbia University - Columbia Business School
Downloads 3 (825,863)

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7.

Individual Responses to Realized Gains and Losses

Journal of Finance, Forthcoming
Number of pages: 72 Posted: 08 Jul 2021
Steffen Meyer and Michaela Pagel
University of Southern Denmark - Department of Business and Economics and Columbia University - Columbia Business School
Downloads 69 (422,998)

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The Effect of Stock Ownership on Individual Spending and Loyalty

Columbia Business School Research Paper Forthcoming
Number of pages: 56 Posted: 26 Feb 2021 Last Revised: 13 Sep 2021
Paolina C. Medina, Vrinda Mittal and Michaela Pagel
Texas A&M University, Columbia Business School, Columbia University in the City of New York and Columbia University - Columbia Business School
Downloads 56 (476,541)

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stock rewards and ownership, spending at owned brands, FinTech

The Effect of Stock Ownership on Individual Spending and Loyalty

NBER Working Paper No. w28479
Number of pages: 67 Posted: 22 Feb 2021 Last Revised: 18 Nov 2021
Paolina C. Medina, Vrinda Mittal and Michaela Pagel
Texas A&M University, Columbia Business School, Columbia University in the City of New York and Columbia University - Columbia Business School
Downloads 3 (825,863)
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9.

Fintech Adoption Across Generations: Financial Fitness in the Information Age

NBER Working Paper No. w23798
Number of pages: 44 Posted: 11 Sep 2017 Last Revised: 21 Sep 2017
Bruce I. Carlin, Arna Olafsson and Michaela Pagel
University of California, Los Angeles (UCLA) - Anderson School of Management, Copenhagen Business School and Columbia University - Columbia Business School
Downloads 56 (469,074)
Citation 4

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10.

The Retirement-Consumption Puzzle: New Evidence from Personal Finances

NBER Working Paper No. w24405
Number of pages: 53 Posted: 09 Mar 2020 Last Revised: 08 Sep 2021
Arna Olafsson and Michaela Pagel
Copenhagen Business School and Columbia University - Columbia Business School
Downloads 37 (553,841)
Citation 3

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11.

Fully Closed: Individual Responses to Realized Gains and Losses

NBER Working Paper No. w25542
Number of pages: 48 Posted: 12 Feb 2019 Last Revised: 17 Oct 2021
Steffen Meyer and Michaela Pagel
University of Southern Denmark - Department of Business and Economics and Columbia University - Columbia Business School
Downloads 26 (617,447)
Citation 1

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12.

Fresh Air Eases Work – the Effect of Air Quality on Individual Investor Activity

NBER Working Paper No. w24048
Number of pages: 31 Posted: 28 Nov 2017 Last Revised: 17 Sep 2021
Steffen Meyer and Michaela Pagel
University of Southern Denmark - Department of Business and Economics and Columbia University - Columbia Business School
Downloads 23 (637,897)
Citation 1

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13.

Sticking to Your Plan: The Role of Present Bias for Credit Card Paydown

NBER Working Paper No. w24881
Number of pages: 62 Posted: 06 Aug 2018 Last Revised: 27 Jun 2021
Theresa Kuchler and Michaela Pagel
New York University (NYU) and Columbia University - Columbia Business School
Downloads 18 (673,636)
Citation 12

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The Ostrich in Us: Selective Attention to Financial Accounts, Income, Spending, and Liquidity

NBER Working Paper No. w23945
Number of pages: 47 Posted: 23 Oct 2017 Last Revised: 06 Jun 2021
Arna Olafsson and Michaela Pagel
Copenhagen Business School and Columbia University - Columbia Business School
Downloads 15 (721,300)

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The Ostrich in Us: Selective Attention to Financial Accounts, Income, Spending, and Liquidity

Number of pages: 48 Posted: 11 Sep 2017
Arna Olafsson and Michaela Pagel
Copenhagen Business School and Columbia University - Columbia Business School
Downloads 2 (836,761)
Citation 3
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personal finance, rational inattention, Selective attention

15.

Credit Smoothing

NBER Working Paper No. w26354
Number of pages: 71 Posted: 07 Oct 2019 Last Revised: 03 Jan 2022
Sean Hundtofte, Arna Olafsson and Michaela Pagel
NYU Stern, Copenhagen Business School and Columbia University - Columbia Business School
Downloads 14 (703,783)

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16.
Downloads 4 (783,655)
Citation 1

Measurement Error in Imputed Consumption

NBER Working Paper No. w25078
Number of pages: 37 Posted: 24 Sep 2018 Last Revised: 09 Jan 2022
Northwestern University, Kellogg School of Management, Department of Finance, University of Lugano - Faculty of Economics, University of Southern Denmark - Department of Business and Economics and Columbia University - Columbia Business School
Downloads 4 (816,683)
Citation 1

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Measurement Error in Imputed Consumption

Posted: 24 May 2018
Northwestern University, Kellogg School of Management, Department of Finance, University of Lugano - Faculty of Economics, Columbia University - Columbia Business School and University of Southern Denmark - Department of Business and Economics

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Registry Data, Measurement Error, Retail Investors, Household Portfolios

17.

Does Saving Cause Borrowing?

NBER Working Paper No. w28956
Number of pages: 59 Posted: 28 Jun 2021 Last Revised: 18 Nov 2021
Paolina C. Medina and Michaela Pagel
Texas A&M University and Columbia University - Columbia Business School
Downloads 2 (801,456)
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