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Aaron Hedlund

Research Fellow

Contact Info

Fax: (314) 444-8731

Mailing Address:
Department of Economics
University of Missouri
118 Professional Building
Columbia, MO 65211




Forthcoming Publications

"Rural-Urban Migration and House Prices in China"
with Carlos Garriga,  Yang Tang, and Ping Wang
Regional Science and Urban Economics


Journal Publications

"Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession"
with Carlos Garriga
American Economic Review, June 2020, Vol. 110, No. 6, pp. 1603-34
Working Paper
https://doi.org/DOI: 10.1257/aer.20170772

"Crises in the Housing Market: Causes, Consequences, and Policy Lessons"
with Carlos Garriga
Oxford Research Encyclopedia, Economics and Finance, August 2019
Working Paper
https://doi.org/10.1093/acrefore/9780190625979.013.159

"Failure to Launch: Housing, Debt Overhang, and the Inflation Option"
American Economic Journal-Macroeconomics, 2019, Vol. 11(2), pp. 228-274
https://doi.org/10.1257/mac.20160371

"Credit Constraints, House Prices, and the Impact of Life Cycle Dynamics"
Economics Letters, 2018, Vol. 171, pp. 202-207
https://doi.org/10.1016/j.econlet.2018.07.028

"Estate Taxation and Human Capital with Information Externalities"
Macroeconomic Dynamics, 2018, Vol. 23, No. 3, pp. 1-33
https://doi.org/10.1017/S1365100518000366

"Illiquidity and its Discontents: Trading Delays and Foreclosures in the Housing Market"
Journal of Monetary Economics, October 2016, Vol. 83, pp. 1-13
https://doi.org/10.1016/j.jmoneco.2016.08.005

"The Cyclical Dynamics of Illiquid Housing, Debt, and Foreclosures"
Quantitative Economics, March 2016, Vol. 7, No. 1, pp. 289-328
https://doi.org/10.3982/QE483

"Accounting for the Rise in College Tuition"
NBER Working Paper Series, February 2016, No. 21967, pp. 01-62
https://doi.org/10.3386/w21967