Rui Yao

Journal Articles

Li, W., Liu, H., & Yang, F. (2016). Housing Over Time and Over the Life-Cycle: A Structural Estimation. International Economic Review, 10(2013).

(2008). "Life Cycle Asset Allocation with Housing as a Collateral" (with Harold Zhang). Journal of Finance and Quantitative Analysis,

(2007). "The Life-Cycle Effects of Housing Price Changes" . Journal of Money Credit and Banking, 39(6). 1375-1409.

(2006). "How Do House Price Changes Affect Consumption?". Federal Reserve Bank pf Philadelphia Business Review ,

(2005). "Optional Consumption and Portfolio Choices with Risky Housing and Borrowing Constraint". Review of Financial Studies , 18(1). pp 197-239.

(2003). "A Proportional Hazard Model of Commercial Mortgage Default with Originator Bias". Journal of Real Estate Finance and Economics , 27(1). pp 5-23.

(2002). "The Termination of Lending Relationships through Prepayment and Default in the Commercial Mortgage Markets: A Proportional Hazard Approach with Completing Risks". Real Estate Economics, 30(4). pp 595-633.

Media Contributions

(2009). NYC Metro.

(2007). Crain's New York.

Presentations

Yao, R., & Li, W. (2009, January 31). Housing Over Time and Over the Life-Cycle: A Structural Estimation. American Economic Association. Boston, MA

Yao, R. (2006, July 31). Optimal Life-Cycle Asset Allocation with Housing as a Collateral. American Real Estate and Urban Economics Association International Conference. Vancouver, Canada

Yao, R. (2006, January 31). The Life-Cycle Effects of Housing Price Changes. Econometric Society Winter Conference. Boston, MA

Yao, R. (2005, June 30). Optimal Life-Cycle Asset Allocation with Housing as a Collateral. Western Finance Annual Meeting. Portland, OR

Yao, R. (2005, May 31). The Life-Cycle Effects of Housing Price Changes, Housing, Mortgage Finance and the Macroeconomy. Federal Reserve Bank of Atlanta. Atlanta, GA

Yao, R. (2005, April 30). Taxable and Tax-Deferred Investing with Home Ownership. Brownbag Seminar. Baruch College, New York, NY: Department of Economics and Finance, Baruch College.

Yao, R. (2005, April 30). The Life-Cycle Effects of Housing Price Changes. Columbus, OH: Department of Economics, Ohio State University.

Yao, R. (2005, January 31). The Life-Cycle Effects of Housing Price Changes. AREUEA Annual Meeting. Philadelphia, PA

Yao, R. (2005, November 30). Optimal Life-Cycle Asset Allocation with Housing as a Collateral. University of Wisconsin -Madison Real Estate Seminar. Madison, WI

Yao, R. (2005, August 31). The Life-Cycle Effects of Housing Price Changes. Econometric Society World Congress. London, England

Yao, R. (2005, June 30). The Life-Cycle Effects of Housing Price Changes. Society of Economic Dynamics Annual Meeting. Budapest, Hungary

Yao, R. (2004, July 31). Optimal Life-Cycle Asset Allocation with Housing as a Collateral. China International Conference in Finance. Shanghia, China

Yao, R. (2004, October 31). Optimal Consumption. Real Estate Department Seminar. Wharton School, Philadelphia, PA

Yao, R. (2004, October 31). The Wealth and Welfare Effects of Housing Appreciation. Brownbag Seminar. Baruch College, New York, NY: Department of Economics and Finance, Baruch College.

Yao, R. (2004, November 30). Optimal Life-Cycle Asset Allocation with Housing as Collateral. Symposium on Asset Allocation and Pension Management. Frederiksberg, Denmark

Yao, R. (2004, November 30). Optimal Life-Cycle Asset Allocation with Housing as a Collateral. Real Estate Area Seminar. Haas School of Business, Berkeley, CA

Yao, R. (2004, June 30). Optimal Consumption and Mortgage Choices with Housing and Labor Income Risks. AREUEA Mid-Year Meeting. Washington, DC

Yao, R. (2004, April 30). Optimal Consumption and Mortgage Choices with Housing and Labor Income Risks. American Real Estate Society Annual Meeting. Florida

Yao, R. (2004, May 31). Optimal Consumption and Mortgage Choices with Housing and Labor Risks. Midwest Macroeconomics Conference. Ames, Iowa

Yao, R. (2004, June 30). Optimal Consumption and Mortgage Choices with Housing and Labor Income Risks. Society of Economics Dynamics Summer Meeting. Florence, Italy

Yao, R. (2003, March 31). Portfolios of Renters Versus Homeowners: A Panel Data Approach. Brownbag Seminar. Baruch College, New York, NY: Department of Economics and Seminar Baruch College.

Yao, R. (2003, November 30). Optimal Consumption Life-Cycle Asset Allocation with Costly Mortgage Default and Refinancing. Brownbag Seminar. Baruch College, New York, NY: Department of Economics and Finance, Baruch College.

Yao, R. (2002, February 28). Optimal Consumption and Portfolio Choices with Risky Housing and Stochastic Labor Income. Finance Area Seminar. University of Texas at Dallas

Yao, R. (2002, February 28). Optimal Consumption and Portfolio Choices with Risky Housing And Stochastic Labor Income. Finance Area Seminar. CUNY-Baruch College

Yao, R. (2002, June 30). Optimal Consumption and Portfolio Choices with Risky Housing and Stochastic Labor Income. Western Finance Annual. Park City, Utah

Yao, R. (2002, August 31). Optimal Consumption and Portfolio Choices with Risky Housing and Stochastic Labor Income. Federal Reserve Board of Governors. Washington, DC

Yao, R. (2002, January 31). Optimal Consumption and Portfolio Choices with Risky Housing and Stochastic Labor Income. ASSA/AREUEA Annual Meeting. Atlanta, GA

Yao, R. (2002, January 31). Optimal Consumption and Portfolio Choices with Risky Housing and Stochastic Labor Income. Finance Area Seminar. University of Colorado at Boulder

Yao, R. (2002, January 31). Optimal Consumption and Portfolio Choices with Risky Housing and Stochastic Labor Income. Fannie Fae, Credit Policy Group Seminar. Washington, DC

Yao, R. (2001, October 31). Optimal Consumption and Portfolio Choices with Risky Housing and Stochastic Labor Income. Finance Area Seminar. UNC at Chapel Hill

Yao, R. (2001, January 31). The Termination of Lending Relationships Through Prepayment and Default in the Commercial Mortgage Markets: A Proportional Hazard Approach with Competing Risks. ASSA/AREUEA Annual Meeting. New Orleans

Yao, R. (2001, April 30). Optimal Consumption and Portfolio Choices with Housing. Economics Department Brown-Bag Workshop. UNC at Chapel Hill

Yao, R. (2001, January 31). A Proportional Hazard Model of Commercial Mortgage Default with Originator Bias. ASSA/AREUEA Annual Meeting. New Orleans

Yao, R. (2000, July 31). A Proportional Hazard Model of Commercial Mortgage default and Prepayment. Asian Real Estate Society Annual Meeting. Beijing

Research Currently in Progess

Yao, R.(n.d.). "Asset Location and Allocation with Risky Housing and Tax-Deferred Investing". In Progress.

Yao, R.(n.d.). "Housing Choices, Credit Card, Debt and Time Inconsistency". In Progress.

Yao, R.(n.d.). "Optimal Housing Tenure Choice When House Prices and Predictable" . In Progress.