Sam Schulhofer-Wohl is senior vice president and director of financial policy and outreach at the Federal Reserve Bank of Chicago. He leads research, analysis and public engagement on policies supporting financial stability and community economic development and oversees the Bank’s public affairs department. He also chairs the Bank’s financial stability council, serves on the loan committee, and is a liaison to the New York Fed’s Open Market Trading Desk.
Schulhofer-Wohl is the author of widely cited research on labor markets, inflation, and migration. In 2018 and 2019, he led staff analysis of the Federal Reserve’s monetary policy implementation framework as a visiting officer at the Federal Reserve Board. He joined the Chicago Fed in 2016 from the Federal Reserve Bank of Minneapolis, where he was senior vice president and director of research. He has taught economics at Macalester College, Princeton University, and the University of Minnesota.
Schulhofer-Wohl received a B.A. in physics from Swarthmore College and a Ph.D. in economics from the University of Chicago. Before training as an economist, he worked as a journalist at daily newspapers in Illinois, Alabama, and Wisconsin.
With Robert E. Hall, 2018, "Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Job-Seekers," American Economic Journal: Macroeconomics, Vol. 10, No. 1, January, pp. 1-32.
With Greg Kaplan, 2017, "Inflation at the Household Level," Journal of Monetary Economics, Vol. 91, November, pp. 19-38.
With Fatih Guvenen, Jae Song, and Motohiro Yogo, 2017, "Worker Betas: Five Facts About Systematic Earnings Risk," American Economic Review Papers & Proceedings, Vol. 107, No. 5, May, pp. 398–403.
With Greg Kaplan, 2017, "Understanding the Long-Run Decline in Interstate Migration," International Economic Review, Vol. 58, No. 1, February, pp. 57-94.
With Greg Kaplan, 2018, "The Changing (Dis-)Utility of Work," Becker Friedman Institute, working paper, No. 2018-43, June.
With Robert E. Hall, 2017, "The Pervasive Importance of Tightness in Labor-Market Volatility," Stanford University, working paper, April.
Remarks presented virtually by Sam Schulhofer-Wohl, senior vice president and director of financial policy and outreach, Federal Reserve Bank of Chicago, on October 25, 2021, before the Global Markets Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC).