Research

Uncertainty and Unemployment Revisited: The Consequences of Financial and Labor Contracting Frictions, March 2023
Job Market Paper | Tapan Mitra Prize for the Best 5th-Year Paper in Empirical Economics, University of Rochester, 2021

Automation and the Rise of Superstar Firms, with Hamid Firooz and Zheng Liu, November 2022
Federal Reserve Bank of San Francisco Working Paper

Borrowing From Workers: How Firms Backload Wages During Financial Distress
National Science Foundation Doctoral Dissertation Research Improvement Grants, PI is Prof. Yan Bai

"Uncertainty, Liquidity Constraint, and Entrepreneurship" by Pengfei Wang, Daniel Yi Xu, Sichuang Xu, and Zhiwei Xu
Discussion Slides | China International Conference in Macroeconomics 2022