معرفی
Lawrence D. W. Schmidt is the Victor J. Menezes Career Development Assistant Professor of Finance at the MIT Sloan School of Management. He holds a PhD and MA in Economics from the University of California, San Diego, and previously served as an Assistant Professor at the University of Chicago’s Kenneth C. Griffin Department of Economics. His research bridges finance and macro-labor economics, focusing on household risk exposures, institutional investor behavior, and labor market dynamics. Key areas include human capital valuation, asset pricing implications of labor market risks, and the design of retirement savings institutions.
Education: BA, University of California, Santa Barbara; PhD and MA, University of California, San Diego.
Research Interests:
- Human capital risk and asset pricing
- Income inequality and retirement savings disparities
- Big data analysis of labor and financial markets
- Policy design for financial welfare
Recent Trends in Publications: Schmidt’s work increasingly emphasizes the interplay between technological change and labor market outcomes, particularly in quantifying risks faced by workers and the implications for financial markets. His studies on retirement savings inequities highlight racial and socioeconomic disparities in wealth accumulation, informed by large-scale administrative datasets.
Awards:
- 2024 Dimensional Fund Advisors Prize
- 2015 AQR Top Finance Graduate Award
Advising & Grants: Collaborations with institutions like NBER and MIT Sloan reflect his focus on policy-relevant research. His work often involves interdisciplinary teams, as seen in co-authored papers on employer 401(k) practices and technology-driven labor displacement.
Labs/Teams: Active contributor to the MIT Sloan Consumer Finance Initiative, which explores household finance and policy solutions for economic stability.
