Authors

Eric Zwick

Associate Professor of Finance and Fama Faculty Fellow

The University of Chicago Booth School of Business

ERIC ZWICK studies the interaction between public policy and corporate behavior, with a focus on fiscal stimulus, taxation and housing policy. His research draws insights from finance and behavioral economics while using a variety of methods: new data, natural experiments, theory and anecdotal exploration. Zwick is particularly interested in the problems that small and medium-sized private firms and new ventures face, from the perspective of owners, investors, managers and workers. A secondary area of interest concerns the role of bounded rationality and imperfect information in the design of policies that promote behavior change. This work focuses on determinants of habit formation in health and workforce productivity settings. Zwick earned a Ph.D. and M.A. in business economics from Harvard University and a B.A. in economics and mathematics with high honors from Swarthmore College. Prior to grad school, he worked as a research assistant at the National Bureau of Economic Research and as a web and software developer for several start-ups and non-profits.

Publications

Business Continuity Insurance in the Next Disaster

This article draws lessons from the business support policies pursued in the COVID-19 pandemic to guide policy design for the next disaster. We contrast the performance of the Paycheck Protection Program to the Main Street Lending Program to illustrate how design principles—targeting, repayment terms, and deployment through the banks versus government agencies—affect policy outcomes. We ...