John Chalmers

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Degree History:

PhD, University of Rochester, 1995
MS, University of Rochester, 1992
BA, Middlebury College, 1985

Previous Academic Positions:

Visiting Associate Professor at Hong Kong University of Science and Technology
Visiting Associate Professor at The Massachusetts Institute of Technology

Research/Teaching Awards:

TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security, 2014
Beta Gamma Sigma Professor of the Year 2007–2008
Charles H. Lundquist Distinguished Research Scholar, 2008
Gerry and Marilyn Cameron Distinguished Research Scholar, December 2004–2007

Bio:

Professor Chalmers' interests include the study of taxes and transaction costs and their impact on security returns. He has served as a reviewer for The Review of Financial Studies, The Journal of Finance, and The Journal of Financial Economics, and is a member of the American Finance Association.

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Leaders in Finance Education

When it comes to finance, the Lundquist College has much to quack about of late. Read some of its recent activities and achievements.

Elite Prize for Chalmers

Finance professor John Chalmers received a prestigious award from TIAA-CREF for a paper examining retirees' demand for life annuity payments.

Working Papers

Chalmers, John and Jonathan Reuter. "Is Conflicted Investment Advice Better than No Advice?" October 2018.
Chalmers, John, Jingyun Yang, and Z. Jay Wang. "Organizational Form and Liquidity: Evidence from Open- vs. Closed-End Municipal Bond Funds." July 2018.
Chalmers, John, Yu (Steve) Liu, and Z. Jay Wang. "The Difference a Day Makes: Timely Disclosure and Trading Efficiency in the Muni Market." September 2017.

Household Finance
Municipal Bond Markets
Mutual Funds
Retirement Behavior
Transaction Costs

Journal Articles

Chalmers, John, Woodrow T. Johnson, and Jonathan Reuter. "The Effect of Pension Design on Employer Costs and Employee Retirement Choices: Evidence from Oregon." Journal of Public Economics 116: 17-34. https://doi.org/10.1016/j.jpubeco.2013.07.001.
August 2014
Chalmers, John, Adotya Kaul, and Blake Phillips. "The Wisdom of Crowds: Mutual Fund Investors' Aggregate Asset Allocation Decisions." Journal of Banking and Finance 37, no. 9: 3318-3333. https://doi.org/10.1016/j.jbankfin.2013.05.004.
September 2013
Chalmers, John and Jonathan Reuter. "How Do Retirees Value Life Annuities? Evidence from Public Employees." The Review of Financial Studies 25, no. 8: 2601-2634. https://doi.org/10.1093/rfs/hhs057.
August 2012
Bergstresser, Daniel, John Chalmers, and Pater Tufano. "Assessing the Costs and Benefits of Brokers in the Mutual Fund Industry." Review of Financial Studies 22, no. 10: 4129-4156. https://doi.org/10.1093/rfs/hhp022.
October 2009
Chalmers, John. "Systematic Risk and the Muni Puzzle." National Tax Journal 59, no. 4: 833-848. https://doi.org/10.17310/ntj.2006.4.05.
December 2006
Chalmers, John, Larry Y. Dann, and Jarrad Harford. "Managerial Opportunism? Evidence from Directors' and Officers' Insurance Purchases." Journal of Finance 57, no. 2: 609-636. https://doi.org/10.1111/1540-6261.00436.
April 2002
Chalmers, John, Roger M. Edelen, and Gregory B. Kadlec. "On the Perils of Financial Intermediaries Setting Security Prices: The Mutual Fund Wild Card Option." Journal of Finance 56, no. 6: 2209-2236. https://doi.org/10.1111/0022-1082.00403.
December 2001
Chalmers, John and Gregory B. Kadlec. "An Empirical Study of the Amoritized Spread." Journal of Financial Economics 48, no. 2: 159-188. https://doi.org/10.1016/S0304-405X(98)00007-5.
May 1998
Chalmers, John. "Default Risk Cannot Explain the Muni Puzzle: Evidence from Municipal Bonds that are Secured by U.S. Treasury Obligations." Review of Financial Studies 11, no. 2: 281-308. https://doi.org/10.1093/rfs/11.2.281.
April 1998

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