Joshua D. Rauh

Associate Professor of Finance

Kellogg School of Management

Northwestern University

2001 Sheridan Road

Evanston, IL 60208

Email: joshua-rauh<at>kellogg.northwestern.edu

 

Curriculum Vitae

 

Journal Publications

 

Investment and Financing Constraints: Evidence from the Funding of Corporate Pension Plans

Journal of Finance 61(1), 2006, 33-71

Winner, 2006 Brattle Prize, First Prize Paper for the best corporate finance paper published in the Journal of Finance

Winner, 2004 Western Finance Association Award for best corporate finance paper

 

Earnings Manipulation, Pension Assumptions, and Managerial Investment Decisions (with Daniel Bergstresser and Mihir Desai)

Quarterly Journal of Economics 121(1), 2006, 157-195

Profiled in the New York Times [link], BusinessWeek [link], and The Economist [link]

Winner, 2004 Barclays Global Investor Best Symposium Paper of the European Finance Association

 

Own Company Stock in Defined Contribution Pension Plans: A Takeover Defense?

Journal of Financial Economics 81(2), 2006, 379-410.

 

Defined Contribution Plans, Defined Benefit Plans, and the Accumulation of Retirement Wealth (with James Poterba, Steven Venti, and David Wise)

Journal of Public Economics 91(10), 2007, 2062-2086.

 

Risk Shifting versus Risk Management: Investment Policy in Corporate Pension Plans

Review of Financial Studies 22(7), 2009, 2687-2734.

 

Wall Street and Main Street: What Contributes to the Rise in the Highest Incomes? (with Steven N. Kaplan)

Review of Financial Studies, forthcoming.

Cited in the New York Times [link], Wall Street Journal [link], and The Economist [link1],[link2]

 

The Liabilities and Risks of State-Sponsored Pension Plans (with Robert Novy-Marx)

Journal of Economic Perspectives, forthcoming.

Cited in the Economist [link]

 

Working Papers

 

Public Pension Promises: How Big Are They and What Are They Worth? (with Robert Novy-Marx)

Cited in the Wall Street Journal [link]

 

Fiscal Imbalances and Borrowing Costs: Evidence from State Investment Losses(with Robert Novy-Marx)

 

Capital Structure and Debt Structure (with Amir Sufi)

 

The Intergenerational Transfer of Public Pension Promises (with Robert Novy-Marx)

 

The Effects of Financial Condition on Capital Investment and Financing: Evidence from Variation in Pension Fund Asset Performance

 

Opinions

 

A Bankruptcy to Save GM (with Luigi Zingales)

Abbreviated version published in the Sunday Chicago Tribune [link]

Version Published in The Economists' Voice [link]

Cited in The New York Times [link]

Related Letter to The New York Times [link]

 

Other Publications

 

Utility Evaluation of Risk in Retirement Savings Accounts (with James Poterba, Steven Venti and David Wise) in Analyses in the Economics of Aging, David A. Wise (ed), University of Chicago Press, 2005.

 

Lifecycle Asset Allocation Strategies and the Distribution of 401(k) Retirement Wealth (with James Poterba, Steven Venti and David Wise) in Developments in the Economics of Aging, David A. Wise (ed), University of Chicago Press, forthcoming.

 

How Elastic is the Corporate Income Tax Base? (with Jonathan Gruber) in Taxing Corporate Income in the 21st Century, Cambridge University Press, Alan Auerbach, James R. Hines, and Joel Slemrod (eds.), 2007.

 

Why are Firms in the United States Abandoning Defined Benefit Pension Plans? (with Irina Stefanescu)

Rotman Journal of Pension Management 2(2), 2009, 18-25

 

Links

 

Kellogg School of Management

 

Northwestern University