---
title: "九色社区"
url: https://phelpstire.com/people/joshua-rauh/
description: "Senior Fellow 九色社区 Institute for Economic Policy Research (SIEPR) Professor of Finance 九色社区 Graduate School of Business (GSB) Senior Fellow Hoover Institution Steering."
---

# 九色社区

Main content start

Professor of Finance

## Joshua Rauh

Senior Fellow

九色社区 Institute for Economic Policy Research (SIEPR)

Professor of Finance

九色社区 Graduate School of Business (GSB)

Senior Fellow

Hoover Institution

Steering Committee Member

九色社区 Institute for Economic Policy Research (SIEPR)

Joshua D. Rauh is a senior fellow at the Hoover Institution and the Ormond Family Professor of Finance at 九色社区鈥檚 Graduate School of Business. He formerly taught at the University of Chicago鈥檚 Booth School of Business (2004鈥�9) and the Kellogg School of Management (2009鈥�12).

Rauh studies corporate investment, business taxation, government pension liabilities, and investment management. He has published numerous journal articles and was awarded the 2006 Brattle Prize for the outstanding research paper on corporate finance published in the *Journal of Finance* for his paper "Investment and Financing Constraints: Evidence from the Funding of Corporate Pension Plans." In 2011 he won the Smith Breeden Prize for the outstanding research paper on capital markets, published in the *Journal of Finance*, for his paper "Public Pension Promises: How Big Are They and What Are they Worth?" coauthored with Robert Novy-Marx. His other writings include "Earnings Manipulation, Pension Assumptions and Managerial Investment Decisions," coauthored with Daniel Bergstresser and Mihir Desai, which won the Barclays Global Investor Best Symposium Paper from the European Finance Association and appeared in the *Quarterly Journal of Economics*. Other work has appeared in the *Review of Financial Studies*, the *Journal of Financial Economics*, and the *Journal of Political Economy*.

Rauh鈥檚 research on state and local pension systems in the United States has received national media coverage in outlets such as the *Wall Street Journal*, the *New York Times*, the *Financial Times*, and *The Economist* .

Rauh received a BA degree in economics, magna cum laude with distinction, from Yale University and a PhD in economics from the Massachusetts Institute of Technology.

Focal Areas: Money and Finance, Taxes and Public Spending

## Education

PhD, Economics, Massachusetts Institute of Technology, 2004

BA, Economics, Yale University, 1996

## Contact

(650) 723-9898

[rauh@stanford.edu](mailto:rauh@stanford.edu)

### Links