Jeremy Tobacman is an assistant professor at the Wharton School of the University of Pennsylvania in the Department of Business Economics and Public Policy. He studies behavioral economics and household finance, with a focus on low-income households. In a series of papers, Tobacman has found that psychologically informed models of intertemporal choice help to explain patterns of simultaneous mid-life wealth accumulation and credit card borrowing in the United States. One line of ongoing work investigates why people borrow on payday loans and measures the individual-level effects of access to payday loan credit.
Tobacman is a National Bureau of Economic Research faculty research fellow, and previously he was a postdoctoral research fellow at the Department of Economics at Nuffield College, University of Oxford in England. He earned his Ph.D. in economics from Harvard University.