Daniel J. Herbst

Daniel Herbst joined the Eller College of Management in 2018 after earning his PhD in Economics from Princeton University. His research focuses on the fields of labor economics, higher education and consumer finance. Most recently, his work explores the effects of federal income-driven repayment programs, the optimal design of student loan contracts and market failures in human capital financing.

Courses

• ECON 382 Labor and Public Policy
• ECON 481 Economics of Wage Determination

Publications

• Opportunity Unraveled: Private Information and Missing Markets for Human Capital, with Nathaniel Hendren, American Economic Review 114.7 (2024): 2024-2072.
• The Impact of Income-Driven Repayment on Student Borrower Outcomes, AEJ: Applied Economics 15.1 (2023): 1-25.
• Unions and Inequality Over the Twentieth Century: New Evidence from Survey Data, with Henry Farber, Ilyana Kuziemko, and Suresh Naidu, Quarterly Journal of Economics 136.3 (2021): 1325-1385.
• Peer effects on worker output in the laboratory generalize to the field, with Alexandre Mas, Science 350.6260 (2015): 545-549.

Working Papers

• Insurance and Asymmetric Information in Labor Contracts: Evidence from an Online Experiment
• The Determinants of Credit Access in the United States with Trevor Bakker, Eric English, Jamie Fogel, and Nathaniel Hendren