Kellogg on Consumer Finance
The Kellogg FinTech Conference will feature many of The Kellogg School's distinguished faculty presenting on topics vital to business leaders, researchers and policymakers. Here is a collection of Kellogg faculty research and expertise on the subject.
![Financial advisors give financial advice to clients.](/imager/clientcontent/15881/MelzerFinAdv_24b460fa1ebea811277db04848c0c9ae.jpeg 300w, /imager/clientcontent/15881/MelzerFinAdv_827c6770ff3212869f8cd62919d4ad9e.jpeg 150w, /imager/clientcontent/15881/MelzerFinAdv_d790d93e6f5615a6551c6dd7531f3901.jpeg 25w)
Finance & Accounting
What Good Is a Financial Advisor?
They may have your best interests in mind, but that doesn’t mean their advice is sound.
Stephen Foerster, Juhani T. Linnainmaa, Brian Melzer and Alessandro Previtero
November 2, 2016
![Researchers find that the permanent income hypothesis does not hold up, and a loss of income does affect household spending.](/imager/clientcontent/35144/TightBeltsmall_24b460fa1ebea811277db04848c0c9ae.jpg 300w, /imager/clientcontent/35144/TightBeltsmall_827c6770ff3212869f8cd62919d4ad9e.jpg 150w, /imager/clientcontent/35144/TightBeltsmall_d790d93e6f5615a6551c6dd7531f3901.jpg 25w)
Finance & Accounting
How the 2013 Government Shutdown Affected Workers’ Household Spending
Even temporary income dips lead to a surprising degree of belt-tightening.
Scott R. Baker and Constantine Yannelis
April 4, 2017
![A homeowner uses the value of their home to buy things.](/imager/clientcontent/34687/defusco_fina_revised_24b460fa1ebea811277db04848c0c9ae.jpg 300w, /imager/clientcontent/34687/defusco_fina_revised_827c6770ff3212869f8cd62919d4ad9e.jpg 150w, /imager/clientcontent/34687/defusco_fina_revised_d790d93e6f5615a6551c6dd7531f3901.jpg 25w)
Finance & Accounting
Why Are We So Quick to Borrow When the Value of Our Home Rises?
The reason isn’t as simple as just feeling wealthier.
Anthony DeFusco
February 3, 2017
![](/imager/clientcontent/7428/AprilLeadNathanson_24b460fa1ebea811277db04848c0c9ae.jpg 300w, /imager/clientcontent/7428/AprilLeadNathanson_827c6770ff3212869f8cd62919d4ad9e.jpg 150w, /imager/clientcontent/7428/AprilLeadNathanson_d790d93e6f5615a6551c6dd7531f3901.jpg 25w)
Finance & Accounting
Let the Buyer Be Aware
A common error naïve homebuyers make helps explain housing boom and bust cycles.
Edward Glaeser and Charles Nathanson
April 6, 2015
![](/imager/clientcontent/7961/houshold_income_24b460fa1ebea811277db04848c0c9ae.jpg 300w, /imager/clientcontent/7961/houshold_income_827c6770ff3212869f8cd62919d4ad9e.jpg 150w, /imager/clientcontent/7961/houshold_income_d790d93e6f5615a6551c6dd7531f3901.jpg 25w)
Finance & Accounting
Is Your Household Liquid Enough?
Ample cash reserves aid households when faced with the unexpected.
Scott R. Baker
December 1, 2014
![](/imager/clientcontent/7843/bandaid_24b460fa1ebea811277db04848c0c9ae.jpg 300w, /imager/clientcontent/7843/bandaid_827c6770ff3212869f8cd62919d4ad9e.jpg 150w, /imager/clientcontent/7843/bandaid_d790d93e6f5615a6551c6dd7531f3901.jpg 25w)
Policy
Fixing the Next Mortgage Crisis
What if mortgages could be refinanced automatically?
Janice C. Eberly and Arvind Krishnamurthy
December 1, 2014
![Unemployment Insurance helps people save their houses](/imager/clientcontent/8196/unemployment_24b460fa1ebea811277db04848c0c9ae.jpg 300w, /imager/clientcontent/8196/unemployment_827c6770ff3212869f8cd62919d4ad9e.jpg 150w, /imager/clientcontent/8196/unemployment_d790d93e6f5615a6551c6dd7531f3901.jpg 25w)
Policy
The Hidden Benefits of Unemployment Insurance
A pioneering study reveals that the benefits of unemployment insurance include reductions in mortgage defaults and improved access to credit.
Joanne W. Hsu, David A. Matsa and Brian Melzer
August 4, 2014