The Marshall Blume Prizes in Financial Research are awarded annually by the Rodney L. White Center for Financial Research to the best unpublished working papers in financial economics written by Wharton faculty during the prior calendar year.
The Marshall Blume Prizes in Financial Research were established in 2011 to honor the late Marshall Blume, Director of the Rodney White Center from 1986 – 2010, upon his retirement from the Wharton Finance Department after over 40 years of service. The Prizes are funded exclusively by the generosity of Mr. Bruce Terker, W’76, WG’78, GRW’99, a former student of Marshall Blume and longtime benefactor of the Center.
Explore the 2025 papers that were selected:
First Prize:
When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets
By Professor Parinitha Sastry (with Ishita Sen and Ana-Maria Tenekedjieva)
View the paper.
Honorable Mention:
The Effect of Fiscal Policy Shocks on Asset Prices
By Professor Courtney Wiegand
View the paper.
Honorable Mention:
Unlocking Mortgage Lock-In: Evidence From a Spatial Housing Ladder Model
By Professor Lu Liu (with Julia Fonseca and Pierre Mabille)
View the paper.
Learn more about the Marshall Blume Prizes in Financial Research.