The 2008 financial crisis has highlighted the importance of nonlinear features of our economy including risks, uncertainty shocks, rare disasters, structural changes, zero-lower bound, and occasionally binding constraints. ...

There have been growing calls to reform teachers' pension systems. Designing of pension reforms requires modeling retirement decisions first. My thesis compares different models of teachers' retirement decisions. To further ...

This dissertation examines several themes in applied economics. Specifically, Essay 1 examines the dynamics in an overlapping generations model with three-period lived agents, fiat money, and credit, Essay 2 reviews ...

This paper further develops models of regional migration, particularly in continents integrating regionally as it magnifies the importance of immigrant behavior for economists and policy-makers. I outline the history of ...