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Scott R Baker

Associate Professor | Finance, Investment, and Banking
5274E Grainger Hall

About Scott

Scott Ross Baker is an Associate Professor of Finance at the University of Wisconsin and is a Research Fellow at the National Bureau of Economic Research. His research is concentrated in empirical finance and macroeconomics and he has taught courses on Venture Capital, Entrepreneurial Finance, and Corporate Finance.

He is currently engaged in a variety of research projects regarding household financial choices and the measurement of consumption, as well as research regarding the effects of policy uncertainty on financial markets and growth.

Scott joined the Finance Department in the Wisconsin School of Business in 2025. He was born and raised in San Diego, California and received B.A.’s in Economics and Political Science from the University of California, Berkeley in 2007 and a Ph.D. in Economics from Stanford University.

Selected Accepted Journal Articles

Baker, S. & Baugh, B. & Sammon, M. (2023). Customer Churn and Intangible Capital Journal of Political Economy

Selected Published Journal Articles

Baker, S. & Bloom, N. & Terry, S. (2024). Using Disasters to Estimate the Impact of Uncertainty Review of Economic Studies

Baker, S. & Johnson, S. & Kueng, L. (2024). Financial Returns to Household Inventory Management Journal of Financial Economics

Baker, S. & Farrokhnia, R. & Meyer, S. & Pagel, M. & Yannelis, C. (2023). Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments Review of Finance

Baker, S. & Davis, S. & Levy, J. (2022). State-Level Economic Policy Uncertainty Journal of Monetary Economics

Baker, S. & Kueng, L. & Meyer, S. & Pagel, M. (2022). Consumption Imputation Errors in Administrative Data Review of Financial Studies

Baker, S. & Baugh, B. & Kueng, L. (2021). Income Fluctuations and Firm Choice Journal of Financial and Quantitative Analysis

Baker, S. & Johnson, S. & Kueng, L. (2021). Shopping for Lower Sales Tax Rates American Economic Journal: Macroeconomics

Baker, S. & Bloom, N. (2013). Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments

Practitioner-Oriented Publications

Baker, S. & Janas, P. & Kueng, L. (2024). Correlation in State and Local Tax Changes Journal of Public Economics

Baker, S. & Kueng, L. (2021). Household Financial Transaction Data

Altig, D. & Baker, S. & Barrero, J. & Bloom, N. & Bunn, P. & Chen, S. & Davis, S. & Leather, J. & Meyer, B. & Mihaylov, E. & Mizen, P. & Parker, N. & Renault, T. & Smietanka, P. & Thwaites, G. (2020). Economic uncertainty before and during the COVID-19 pandemic Journal of Public Economics

Baker, S. & Baksy, A. & Bloom, N. & Davis, S. & Rodden, J. (2020). Elections, Political Polarization, and Economic Uncertainty

Baker, S. & Baugh, B. & Sammon, M. (2020). Measuring Customer Churn and Interconnectedness Journal of Political Economy

Baker, S. & Bloom, N. & Davis, S. & Terry, S. (2020). COVID-Induced Economic Uncertainty

Baker, S. & Farrokhnia, R. & Meyer, S. & Pagel, M. & Yannelis, C. (2020). How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic

Baker, S. & Bloom, N. & Davis, S. & Kost, K. & Sammon, M. & Viratyosin, T. (2020). The Unprecedented Stock Market Impact of COVID-19

Baker, S. & Sheng, X. & McElroy, T. Expectation Formation Following Large Unexpected Shocks Review of Economics and Statistics

Baker, S. Debt and the Response to Household Income Shocks: Validation and Application of Linked Financial Account Data Journal of Political Economy

Baker, S. & Yannelis, C. Income Changes and Consumption: Evidence from the 2013 Federal Government Shutdown Review of Economic Dynamics

Baker, S. & Fradkin, A. The Impact of Unemployment Insurance on Job Search: Evidence from Google Search Data Review of Economics and Statistics

Baker, S. & Bloom, N. & Davis, S. Measuring Economic Policy Uncertainty Quarterly Journal of Economics

Baker, S. & Bloom, N. & Davis, S. & Sammon, M. What Triggers Stock Market Jumps?

Baker, S. & Bloom, N. & Davis, S. & Kost, K. Policy News and Stock Market Volatility Journal of Financial Economics

Learning/Teaching Oriented Publications

Baker, S. & Keogh, B. How a government shutdown affects the economy

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