Raymond Kluender

Ray Kluender is an assistant professor in the Entrepreneurial Management Unit at Harvard Business School and a faculty affiliate at the Abdul Latif Jameel Poverty Action Lab (J-PAL). He studies the causes of financial distress among American households and how government, private insurance, and credit markets should function to insure those risks. In recent projects, his work has focused on improving our understanding of the economic consequences of health care policy, the consumer bankruptcy system, and financial and insurance technology. His research has been published in the American Economic Review, American Economic Journal: Applied Economics, and the New England Journal of Medicine and has received coverage by The Washington Post, The New York Times, and Associated Press. Kluender received a PhD in economics from MIT and a B.S. in Economics, Mathematics, and Political Science from the University of Wisconsin-Madison.

Defying Expectations, Bankruptcy Filings Are Down During the Covid-19 Crisis So Far

Historically, bankruptcy filings have closely tracked the business cycle and unemployment rates. However, a recent study found that this relationship has reversed...

Latest news

President-Elect Joe Biden and the Real Lessons of DuPont

Simply talking corporate America into being more responsible is not enough. It may get corporations to talk the talk, but not to...

How Companies Spin Off Environmental Liabilities to Avoid Legal Obligations

Environmental externalities are vexing for corporate decision makers, but some companies have figured out a way to deal with them: a spinoff....

How Pfizer’s Vaccine Announcement Demonstrates the Political Power of Firms

By timing the disclosure of the results of its vaccine trial, Pfizer could have influenced the 2020 presidential election. This is worrisome...

The Useful Distraction of Section 230

How the red-herring of a politicized Section 230 and “conservative censorship” distracts from a bipartisan national privacy act.

Institution Man: How Corporations Came to Dominate the US Economy

In the first chapter of his book Transaction Man, Nicholas Lemann explores how Adolf Berle, author of The Modern Corporation and Private...

Kicking Around Section 230: Don’t Confuse Politics and Policymaking

Congressional hearings may make for good TV and viral social media posts, but reforming Section 230 would be more difficult than it...

Big Tech Platforms and Schumpeter’s Creative Destruction

Schumpeter’s indirect entry theory fits the average tendencies of competition in digital industries. When the model is added to standard assumptions and...