Regular biography
Lawrence D. W. Schmidt is the Victor J. Menezes (1972) Career Development Associate Professor of Finance at the Massachusetts Institute of Technology. His research focuses on the intersection of finance and macro-labor, examining risk exposures and decision-making processes of households, institutional investors, and financial intermediaries. Schmidt's work explores the impact of human capital on asset markets and the real economy, leveraging large administrative datasets and advanced econometric methods. His research has been published in top journals such as the American Economic Review, the Journal of Finance, and the Review of Financial Studies. Schmidt holds a BA from the University of California, Santa Barbara, and PhD and MA degrees in economics from the University of California, San Diego. Prior to joining MIT Sloan, he was an Assistant Professor at the University of Chicago and a senior consultant at Navigant Consulting, Inc.
Scholar-generated biography
Lawrence D. W. Schmidt is an economist and finance scholar at the Massachusetts Institute of Technology. His research interests span Economics and Finance, with a focus on understanding the interplay between technological innovation, labor markets, and financial behavior. Schmidt's work explores topics such as labor displacement, asset pricing, and the impact of macroeconomic events on financial markets. His publications examine issues like the welfare cost of business cycles, investor behavior, and the role of risk premia in labor market dynamics. Schmidt's research also addresses disparities in retirement wealth accumulation and the effects of health insurance costs on different income groups.