Raymond P. Kluender
Assistant Professor of Business Administration
Assistant Professor of Business Administration
Ray Kluender is an assistant professor in the Entrepreneurial Management Unit, teaching Entrepreneurial Finance to second-year MBA students.
He studies the causes of financial distress among American households and how public policy, private markets, and financial innovation can help insure those risks. His recent projects have focused on improving our understanding of the economic consequences of health care policy, the consumer bankruptcy system, and financial and insurance technology. His research has been published in journals including the American Economic Review, American Economic Journal: Applied Economics, and the New England Journal of Medicine, and received coverage from news outlets including The New York Times, The Associated Press, The Economist, and The Washington Post.
Ray earned his Ph.D. in Economics from MIT and served as a Post-Doctoral Fellow in Household Finance at NBER before joining HBS. He has a B.S. from the University of Wisconsin-Madison with degrees in Economics, Mathematics, and Political Science.
- Journal Articles
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- Adams, Alyce S., Raymond Kluender, Neale Mahoney, Jinglin Wang, Francis Wong, and Wesley Yin. "The Impact of Financial Assistance Programs on Health Care Utilization: Evidence from Kaiser Permanente." American Economic Review: Insights 4, no. 3 (September 2022): 389–407. View Details
- Coombs, Kyle, Arindrajit Dube, Calvin Jahnke, Raymond Kluender, Suresh Naidu, and Michael Stepner. "Early Withdrawal of Pandemic Unemployment Insurance: Effects on Earnings, Employment and Consumption." AEA Papers and Proceedings 112 (May 2022): 85–90. View Details
- Kluender, Ray, Neale Mahoney, Francis Wong, and Wesley Yin. "Medical Debt in the U.S., 2009–2020." JAMA, the Journal of the American Medical Association 326, no. 3 (July 2021): 250–256. View Details
- Gross, Tal, Ray Kluender, Feng Liu, Matthew J. Notowidigdo, and Jialan Wang. "The Economic Consequences of Bankruptcy Reform." American Economic Review 111, no. 7 (July 2021): 2309–2341. View Details
- Kluender, Ray, Carlos Dobkin, Amy Finkelstein, and Matthew Notowidigdo. "Myth and Measurement—The Case of Medical Bankruptcies." New England Journal of Medicine 378, no. 12 (March 22, 2018): 1076–1078. View Details
- Einav, Liran, Amy Finkelstein, Ray Kluender, and Paul Schrimpf. "Beyond Statistics: The Economic Content of Risk Scores." American Economic Journal: Applied Economics 8, no. 2 (April 2016): 195–224. View Details
- Dobkin, Carlos, Amy Finkelstein, Ray Kluender, and Matthew Notowidigdo. "The Economic Consequences of Hospital Admissions." American Economic Review 108, no. 2 (February 2018): 308–352. View Details
- Working Papers
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- Kluender, Ray. "Pay-As-You-Go Insurance: Experimental Evidence on Consumer Demand and Behavior." Harvard Business School Working Paper, No. 23-030, December 2022. View Details
- Wang, Jialan, Jeyul Yang, Benjamin Iverson, and Ray Kluender. "Bankruptcy and the COVID-19 Crisis." Harvard Business School Working Paper, No. 21-041, September 2020. View Details
- Cases and Teaching Materials
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- Kluender, Raymond, Joshua Krieger, and Mitchell Weiss. "Biobot Analytics." Harvard Business School Case 821-045, January 2021. (Revised December 2021.) View Details
- Business and Opinion Writing
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- Kluender, Ray. "The Worst Part About Getting Sick Isn't Medical Bills." Bloomberg Opinion (October 8, 2019). View Details
- Additional Information
- Areas of Interest
- In The News