All Professionals

Stephen H. Shore

Senior Advisor

    Stephen H. Shore, PhD, is the department chair and a professor in the Department of Risk Management and Insurance at Georgia State University’s Robinson College of Business.

    He holds the R. Means Davis Professorship and the Kenneth Black Chair.

    Before joining Georgia State’s faculty, Dr. Shore served on the faculty at the Wharton School of the University of Pennsylvania’s Department of Insurance and Risk Management (2003–2007) and the Johns Hopkins University Department of Economics (2007–2011). He also served as a deputy Treasury assistant secretary in the Office of Economic Policy (2011–2012). While at the Treasury, he was involved in the development and evaluation of programs to assist homeowners in the wake of the housing crisis.

    Dr. Shore holds an undergraduate degree in economics from Princeton University (1998), where he graduated with highest honors; and a PhD in economics from Harvard University (2003). His research has been published in leading journals including the Review of Economics and Statistics, Review of Financial Studies, Journal of the American Statistical Association, Journal of Business and Economic Statistics, Journal of Human Resources, and Journal of Financial and Quantitative Analysis.

    Dr. Shore’s research focuses on individuals’ income risk and consumer credit risk. Because income risk cannot be observed directly, researchers frequently look at income volatility—the variance of individuals’ income changes over time—as a useful proxy for income risk. Dr. Shore’s work has quantified variation in income volatility, both between individuals and over time. He has also identified sources of that variation, ranging from the role of parental influence or career choices to the importance of business cycles. Dr. Shore’s more recent work has evaluated programs to mitigate consumer credit delinquency and explored the role of financial contract features such a minimum payments, interest rates, and negative equity on consumers’ mortgage and credit card delinquency.”

    Dr. Shore can be contacted by email through Daniel Chai, a managing director at BRG.

    Employment History

    Georgia State University
    Department chair, Department of Risk Management and Insurance
    November 2019 – present

    Kenneth Black Jr. chair
    November 2019 – present

    Georgia State University
    Interim chair, Department of Risk Management and Insurance
    July – October 2019

    Georgia State University
    Full professor, Department of Risk Management and Insurance
    2016 – present

    Georgia State University (tenured 2014)
    R. Means Davis Jr. CPCU Professor of Risk Management and Insurance
    2015 – present

    Georgia State University
    Associate professor, Department of Risk Management and Insurance
    2011 – 2016

    Microeconomic Analysis
    Deputy assistant secretary of the Treasury for Economic Policy
    2011 – 2012

    Johns Hopkins University
    Assistant professor, Department of Economics
    2007 – 2011

    The Wharton School of the University of Pennsylvania
    Assistant professor, Department of Insurance and Risk Management
    2003 – 2007

    Charles Schwab
    Summer 1996

    Professional Affiliations

    American Economic Association

    American Risk and Insurance Association

    Community/Civic Involvement

    Deputy Assistant Secretary of the Treasury for Economic Policy
    Microeconomic Analysis
    2011 – 2012

    Norris Square Neighborhood Project, Philadelphia, PA
    Board member and treasurer
    2005 – 2007

    Areas of Expertise


    Harvard University
    PhD, Economics, 2003
    AM, Economics, 2001

    Princeton University
    AB, Economics (highest honors), 1998


    US Department of the Treasury
    Meritorious Service Award for “exemplary service” (2012)

    Arrow Prize for Saks and Shore (2005) for the paper by a junior economist that “makes outstanding contribution to economics” (2006)

    Harvard University Certificate of Distinction in Teaching (Fall 2000)

    Aaron B. Salent Fellowship in Economics (1999 – 2000)

    Balleisen Senior Thesis Prize for the “most outstanding senior thesis in the field of economics” (1998)