Daniel J. Herbst

Assistant Professor of Economics


Ph.D. in Economics, Princeton University, 2018

Areas of Expertise

  • Labor Economics
  • Household Finance
  • Higher Education


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

Current Research

Professor Herbst’s research lies in 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.


"Peer effects on worker output in the laboratory generalize to the field" (with Alexandre Mas), 2015. Science 350:54.

Working Papers

"Liquidity and Insurance in Student Loan Contracts: Estimating the Effects of Income-Driven Repayment on Default and Consumption"

"Unions and Inequality Over the Twentieth Century: New Evidence from Survey Data"