Economic Policy Advisor and Senior Economist
Federal Reserve Bank of Dallas
Federal Reserve Bank of Dallas
Fang Yang joined the Federal Reserve Bank of Dallas as economic policy advisor and senior economist in May 2022.
Yang is an applied macroeconomist. Her research interests include fiscal policy, labor supply, wealth inequality, savings and housing. Her research agenda focuses on individuals’ and households’ optimal choices and evaluates how those decisions are affected by policies and the economic environment.
Previously, Yang worked as an associate professor at Louisiana State University. She holds BA and MA degrees in economics from Peking University and MA and PhD degrees in economics from the University of Minnesota.
- “Are Marriage-Related Taxes and Social Security Benefits Holding Back Female Labor Supply?” with Margherita Borella and Mariacristina De Nardi, forthcoming in Review of Economic Studies.
See also: NBER Working Paper no. 26097.
- “Financial Intermediation and Capital Reallocation,” with Hengjie Ai and Kai Li, Journal of Financial Economics, vol. 138, no. 3, December 2020, pp. 663-686.
- “The Lost Ones: The Opportunities and Outcomes of Non-College Educated Americans Born in the 1960s,” with Margherita Borella and Mariacristina De Nardi, NBER Macroeconomics Annual 2019, vol. 34, National Bureau of Economic Research, Inc.
- “The Aggregate Implications of Gender and Marriage,” with Margherita Borella and Mariacristina De Nardi, The Journal of the Economics of Ageing, vol. 11, May 2018, pp. 6-26.
See also: NBER Working Paper no. 22817.
- “Macro Models of Wealth Inequality,” with Mariacristina De Nardi and Giulio Fella, in Heather Boushey, Bradford DeLong and Marshall Steinbaum, eds., After Piketty: The Agenda for Economics and Inequality, Harvard University Press, May 2017.
See also: NBER Working Paper no. 21730.
- “Housing Over Time and Over the Life Cycle: A Structural Estimation,” with Wenli Li, Haiyong Liu and Rui Yao, International Economic Review, vol. 57, no. 4, 2016, pp. 1237–1260.
- “Does Relative Risk Aversion Vary with Wealth? Evidence from Households’ Portfolio Choice Data,” with Xuan Liu and Zongwu Cai, Journal of Economic Dynamics and Control, vol. 69, 2016, pp. 229–248.
- “Skill-Biased Technical Change and the Cost of Higher Education,” with John B. Jones, The Journal of Labor Economics, vol. 34, no. 3, 2016, pp. 621-662.
- “Wealth Inequality, Family Background, and Estate Taxation,” with Mariacristina De Nardi, Journal of Monetary Economics, vol. 77, 2016, pp. 130-145.
See also: NBER Working Paper no. 21047.
- “Home Production and Social Security Reform,” with Michael Dotsey and Wenli Li, European Economic Review, vol. 73, 2015, pp. 131–150.
- “Consumption and Time Use over the Life Cycle,” with Michael Dotsey and Wenli Li, International Economic Review, vol. 55, no. 3, August 2014, pp. 665–692.
- “Bequests and Heterogeneity in Retirement Wealth,” with Mariacristina De Nardi, European Economic Review, 2014, pp. 182-196.
- “Social Security Reform with Impure Intergenerational Altruism,” Journal of Economic Dynamics and Control, vol. 37, 2013, pp. 52-67.
- “Accounting for Gender Gap in College Attainment,” with Suqin Ge, Economic Inquiry, vol. 51, no. 1, 2013, pp. 478–499.
- “Consumption Over the Life Cycle: How Different is Housing?” Review of Economic Dynamics, vol. 12, no. 3, 2009, pp. 423-443.
- “Consumption and Hours in the United States and Europe,” with Lei Fang, Federal Reserve Bank of Dallas Working Paper no. 2216, September 2022.
- “Demographic Transition, Industrial Policies and Chinese Economic Growth,” with Michael Dotsey and Wenli Li, Federal Reserve Bank of Dallas Working Paper no. 2210, July 2022.
- “Piketty’s Book and Macro Models of Wealth Inequality,” with Mariacristina De Nardi and Giulio Fella, Chicago Fed Letter, no. 352, 2016.
- “American Dream or American Obsession? The Economic Benefits and Costs of Homeownership,” with Wenli Li, Federal Reserve Bank of Philadelphia Business Review, Q3, 2010, pp. 20-30.