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About the Author(s)


Mariacristina De Nardi is a faculty research fellow in the NBER’s Public Economics Program. She is the Thomas Sargent Professor of Economics at the University of Minnesota and a consultant at the Opportunity and Inclusive Growth Institute of the Federal Reserve Bank of Minneapolis. Before that, she worked at the Federal Reserve Bank of Chicago, the Federal Reserve Bank of Minneapolis, and at University College London.

She is an Economic Theory Fellow of the Society for the Advancement of Economic Theory, a Fellow of the European Economic Association, a fellow of the Center for Economic and Policy Research, an Institute for Fiscal Studies International Fellow, and a coordinator for the Markets Group at Human Capital and Economic Opportunity Global Working Group.

She is an editor at the Review of Economic Dynamics. She serves on the Carnegie-Rochester-New-York-University Public Policy Conference Advisory Board, on the American Economic Journal: Economic Policy editorial board, and on the Journal of Economic Literature board of editors. She also co-organizes the HELP! (HEaLth and Pandemics) Econ Working Group.

Her research focuses on savings, inequality, human capital, health and medical expenses, the role of household and government insurance, and entrepreneurship.

De Nardi grew up in Italy. She received her bachelor’s degree from the University of Venice in 1993 and her PhD from the University of Chicago in 1999. She lives in Minneapolis with her husband and daughter, and with her son when his university is closed due to the pandemic. She loves plants and gardening.


1. Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles,” De Nardi M, French E, Jones JB. NBER Working Paper 12554, October 2006. Published as “Why Do the Elderly Save? The Role of Medical Expenses,” Journal of Political Economy 118(1), February 2010, pp. 39–75.   Go to ⤴︎
2. Do the Rich Save More?” Dynan KE, Skinner J, Zeldes SP. NBER Working Paper 7906, September 2000, and the Journal of Political Economy 112(2), April 2004, pp. 397–444.   Go to ⤴︎
3. Life Expectancy and Old Age Savings,” De Nardi M, French E, Jones JB. NBER Working Paper 14653, January 2009, and the American Economic Review 99(2), May 2009, pp. 39–75.   Go to ⤴︎
4. Medicaid Insurance in Old Age,” De Nardi M, French E, Jones JB. NBER Working Paper 19151, June 2013, revised December 2015, and the American Economic Review 106(11), November 2016, pp. 3480–3520.   Go to ⤴︎
5. Medical Spending, Bequests, and Asset Dynamics around the Time of Death,” Jones JB, De Nardi M, French E, McGee R, Rodgers R. NBER Working Paper 26879, March 2020.   Go to ⤴︎
6. Couples’ and Singles’ Savings after Retirement,” De Nardi M, French E, Jones JB, McGee R. Mimeo.   Go to ⤴︎
7. The Composition and Drawdown of Wealth in Retirement,” Poterba J, Venti SF, Wise DA. NBER Working Paper 17536, October 2011, and the Journal of Economic Perspectives 25(4), Fall 2011, pp. 95–118.   Go to ⤴︎
8. Why Does Consumption Fluctuate in Old Age and How Should the Government Insure It?” Blundell R, Borella M, Commault J, De Nardi M. NBER Working Paper 27348, June 2020.   Go to ⤴︎
9. Health and Financial Fragility: Evidence from Car Crashes and Consumer Bankruptcy,” Morrison ER, Gupta A, Olson L, Cook L, Keenan H. University of Chicago Coase-Sandor Institute for Law and Economics research paper, 665, November 2013; “Longitudinal Determinants of End-of-Life Wealth Inequality,” Poterba J, Venti SF, Wise DA. NBER Working Paper 23839, September 2017, revised May 2018, and Journal of Public Economics 162, June 2018, pp. 78–88; “The Economic Consequences of Hospital Admission,” Dobkin C, Finkelstein A, Kluender R, Notowidigdo MJ. NBER Working Paper 22288, May 2016, revised August 2016, and American Economic Review 108(2), February 2018, pp. 308–352. Go to ⤴︎

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