Rawley Heimer
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W. P. Carey Finance BAC 528 Tempe, AZ 85287-3906
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Mail code: 3906Campus: Tempe
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Rawley Heimer is an expert in financial markets with his primary research on individuals' lifelong financial security stemming from their decision-making in risky asset markets and conventional debt markets. His research is seminal in connecting social media to trading behavior and inaccurate beliefs to life-cycle financial decisions. He also studies the supply of financial services to consumers with a focus on inequality and the role of legal and regulatory institutions.
His research is published in leading finance and economics journals. This research has received several awards including the Dimensional Fund Advisors Distinguished Paper Award at the Journal of Finance and the Rising Scholar Award at the Review of Financial Studies. This research has been featured in media outlets such as the Financial Times, Forbes, New York Times, and the Wall Street Journal.
Prof. Heimer is an Associate Editor at the Review of Corporate Financial Studies and at Financial Management. Outside of academia, he is formerly an economist at the Federal Reserve Bank and currently serves as Senior Advisor for Research and Policy at the Consumer Financial Protection Bureau. He gives frequent presentations to the asset management sector and is currently engaged in support for litigation in the digital asset area.
PhD Brandeis University
BA University of Rochester of Rochester
[1] Shale Shocked: Cash Windfalls and Household Debt Repayment (w/ Cookson and Gilje)
Journal of Financial Economics, (2022) 146(3):905-931
[2] Biased By Choice: How Financial Constraints Can Reduce Financial Mistakes
Review of Financial Studies. (2022) 35(8): 1643-1681. (w/ Imas)
[3] Personal Wealth, Self-Employment, and Business Ownership
Review of Financial Studies. (2021) 34(8): 3935-3975. (w/ Bellon, Cookson, and Gilje)
[4] Politicizing Consumer Credit
Journal of Financial Economics. (2021) 139(2): 627-655. (w/ Akey and Lewellen)
[5] YOLO: Mortality Beliefs and Household Finance Puzzles
Journal of Finance. (2019) 74(6): 2957-2996. (w/ Myrseth and Schoenle)
[6] Growing Up Without Finance
Journal of Financial Economics. (2019) 134(3): 591-616. (w/ Brown and Cookson)
[7] Should Retail Investors' Leverage Be Limited?
Journal of Financial Economics. (2019) 132(3): 1-21. Lead article. (w/ Simsek)
[8] Law and Finance Matter: Lessons From Externally Imposed Courts
Review of Financial Studies. (2017) 30(3): 1019-1051. (w/ Brown and Cookson)
[9] Peer Pressure: Social Interaction and the Disposition Effect
Review of Financial Studies. (2016) 29(11): 3177-3209.
Courses
2025 Spring
Course Number | Course Title |
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FIN 502 | Managerial Finance |
2023 Fall
Course Number | Course Title |
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FIN 502 | Managerial Finance |
FIN 502 | Managerial Finance |
2022 Fall
Course Number | Course Title |
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FIN 502 | Managerial Finance |
FIN 502 | Managerial Finance |