Michaela Pagel

An authority in the field of behavioral economics and household finance, Michaela Pagel serves as an Associate Professor of Business at Columbia Business School. Her scholarly work delves into the intricate dynamics of non-standard preferences and their influence on consumption and investment behaviors. With a keen interest in the economic impact of COVID-19, Michaela's research extends to understanding how stimulus payments and liquidity affect household spending patterns. Michaela earned her Ph.D. in Economics from the University of California, Berkeley, where she honed her expertise in macroeconomics and behavioral finance. Her academic pursuits have led to significant contributions in the understanding of consumption implications based on beliefs about future consumption. She has also explored the utility of transaction-level data in analyzing household financial behaviors, providing valuable insights into the economic landscape. Her work has been widely recognized and published, reflecting her commitment to advancing knowledge in her field. Michaela's research not only addresses theoretical aspects but also offers practical implications for policy-making, particularly in the context of economic challenges posed by global events like the COVID-19 pandemic. Her dedication to exploring the nuances of household finance continues to influence both academic circles and real-world economic strategies.