Enrichetta Ravina

Enrichetta Ravina is a Visiting Associate Professor of Finance at the Kellogg School of Management. Professor Ravina's research focuses on Household Finance, Behavioral Finance, and Corporate Finance. Some of her recent research projects examine the investment and trading behavior of individuals in 401(k) plans, brokerage accounts, and other type of financial accounts, with special emphasis on the role of behavioral biases, imperfect information, financial anxiety, and inertia in affecting such decisions. She has also studied the portfolio allocations of high net-worth US households, and conducted several studies in Fin-Tech about the measurement of investors' risk attitudes and their evolution over time, and the effect of beauty, race and other personal characteristics in credit markets. Her work has been published at journals such as the Review of Financial Studies and the Journal of Financial Economics, and featured in The Wall Street Journal, the Financial Times, and The Atlantic. Prior to joining Kellogg, Professor Ravina was an Assistant Professor of Finance at NYU Stern (2005-2008), and an Assistant Professor of Finance and Economics at Columbia Business School (2008-2017). She holds a Ph.D. and an M.A. in Economics from Northwestern University, and a B.A. degree in Economics from the University of Torino, Italy.

FIELDS

• Household Finance, Consumption and Credit Markets, Empirical Corporate Finance, Behavioral Economics.

Education

• Doctor of Philosophy - PhD Northwestern University
• Bachelor's degree Università degli Studi di Torino

Published, Accepted and Forthcoming Papers

"Investor Ideology", with. P. Bolton, T. Li, and H. Rosenthal. The Journal of Financial Economics, August 2020, Vol. 137, No. 2, pp. 320-352. Abstract.

“Who is internationally diversified? Evidence from the 401(k) Plans of 296 Firms”, with G. Bekaert, K. Hoyem, and W. Hu, The Journal of Financial Economics, April 2017, Vol. 124, No. 1, pp. 86-112. Abstract.

"An assessment of the mating motive explanation of the beauty premium in market-based settings", Behavioral and Brain Sciences, March 2017, Vol. 40 (E39), p. 34-35.

"Risk Aversion and Wealth: Evidence from Person-to-Person Lending Portfolios", with D. Paravisini and V. Rappoport, Management Science, February 2016, Vol. 63, No. 2, pp. 279-297. Abstract.

"What do Independent Directors Know? Evidence from Their Trading", with P. Sapienza, The Review of Financial Studies, March 2010, Vol, 23, No. 3, pp. 962-1003. Abstract.

"Increasing Income Inequality, External Habits, and Self-Reported Happiness", with K. Dynan, American Economic Review P&P, May 2007, Vol. 97, No. 2, pp. 226-231.