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Marieke Bos is a Researcher in Financial Economics and Deputy Director of the Swedish House of Finance at the Stockholm School of Economics.

Selected Works:

”The Labor Market Effects of Credit Market Information”Review of Financial Studies, June 2018, 31(6), 2005-2037Editor’s Choice, Michael J. Brennan Best Paper Award 2019, Coauthors: Marieke Bos and Emily Breza.  Abstract

We exploit a natural experiment to provide one of the first measurements of the causal effect of negative credit information on employment and earnings. We estimate that one additional year of negative credit information reduces employment by 3 percentage points and wage earnings by $1,000. In comparison, the decrease in credit is only one-fourth as large. Negative credit information also causes an increase in self-employment and a decrease in mobility. Further evidence suggests this cost of default is inefficiently borne by those most creditworthy among previous defaulters.

”Impulsive Consumption and Financial Wellbeing: Evidence from an Increase in the Availability of Alcohol”, NBER Working Paper No. w23211, Coauthor: Itzhak Ben-David.  Fourth Round RFS  Abstract

Increased availability of alcohol might harm individuals if they have time-inconsistent preferences and consume more than planned before. We study this idea by examining the credit behavior of low-income households around the expansion of the opening hours of retail liquor stores during a nationwide experiment in Sweden. Consistent with store closures serve as commitment devices, expanded operating hours led to higher alcohol consumption and greater consumer credit demand, default, and negative consequences in the labor market. Our calculation shows that the effects of alcohol consumption on indebtedness could amount to 3.2 times the expenditure on alcohol.

“Bad Times, Good Credit”, Swedish House of Finance Research Paper No 15-05 Coauthors Bo Becker and Kasper Roszbach Conditional Accepted JMBC  Abstract

 Banks’ limited knowledge about borrowers’ creditworthiness constitutes an important friction in credit markets. Is this friction deeper in recessions, thereby contributing to cyclical swings in credit, or is the depth of the friction reduced, as bad times reveal information about firm quality? We test these alternative hypotheses using internal ratings data from a large Swedish cross-border bank and credit scores from a credit bureau. The ability to classify corporate borrowers by credit quality is greater during bad times and worse during good times Soft and hard information measures both display countercyclical patterns. Our results suggest that information frictions in corporate credit markets are intrinsically counter-cyclical and not due to cyclical variation in monitoring effort.


Dec. 2, 2019: I will present ”Depression Diagnosis and Lifetime Economic Outcomes: Evidence from Randomly Assigned Doctors”, Coauthors: Andrew Hertzberg and Andres Liberman at ESSEC Business School, Paris

Nov. 28, 2019: I will present ”Depression Diagnosis and Lifetime Economic Outcomes: Evidence from Randomly Assigned Doctors”, Coauthors: Andrew Hertzberg and Andres Liberman at HEC, Paris

Nov. 22, 2019:  Discussing at the jointly organized fourth conference on Showcasing Women in Finance with the Luxembourg School of Finance at the University of Luxembourg and AFFECT.

Oct. 18, 2019: I will moderate a panel: ”Neuro Economics: How Experiences Shape Your Brain and Your Finances”, with Camelia Kuhnen and Kristin Gejrot, Martin Ingvar, Kent Janér and Paolo Sodini

May 25, 2019: Our project ”The Price of Love” together with Jenny Säve-Söderbergh and Wenli Li received a research grant from FORTEread more

May 21, 2019: Our paper: ”The Labor Market Effects of Credit Market Information” in the Review of Financial Studies, received the Michael J.Brennan Best Paper Award at the SFS Cavalcade.

Marieke Bos, Emily Breza and Itay Goldstein at SFS Cavalcade 2019, Pittsburgh and Andres Liberman, infront of NYU Stern, NY.

Work in Progress:

”Depression Diagnosis and Lifetime Economic Outcomes: Evidence from Randomly Assigned Doctors”, Coauthors: Andrew Hertzberg and Andres Liberman

The project aims to analyze the causal effects of the diagnosis of depression at age 18 on individuals’ lifetimes health and economic outcomes. In light of the massive increase in mental health diagnosis around the world during the last decades this project aims to address concerns about the consequences of potential so called ”type 1 versus type 2 errors” in depression diagnosis.

”The Price of Love” Coauthors: Jenny Säve-Söderbergh and Wenli Li

The project aims to analyze the financial consequences of the interaction between labor market participation, family formation, income, and savings over the lifecycle, exploiting differences between cohorts and marital status in the possibility to share their pension savings with one’s spouse pre- and post-death.

”ADHD, Time Preferences and Financial decisions”, Coauthor: Itzhak Ben-David

”Ingredients, Health and Economic Outcomes: Machine Learning of Grocery Choice”. Coauthors: Adair Morse, Sara Rosengren, Annette Vissing-Jorgensen.