Santiago Truffa

Ph.D Business Economics


I am an assistant professor at ESE Business School, where I also serve as Academic Director of the Real Estate Modeling Lab ( I earned my Ph.D. in Business Economics from the Haas Business School, UC Berkeley. Prior to joining ESE, I spent two years in the faculty of the Finance Department at Tulane University.

My research interests lay in the intersection of Household Finance and Urban Economics. I use different types of methods to ponder about land and labor.


1.“Agglomeration, knowledge spillovers, and corporate investment ” with William Grieser, Ioannis Spyridopoulos and Gonzalo Maturana, Journal of Corporate Finance 2022

2. “The importance of Large Shocks to Return Predictability” with Juan Diaz, Hamilton Galindo ,Alexis Montecinos and Diogo Duarte, Pacific-Basin Finance Journal 2021

Working Papers

1.“On the Geography of Inequality: Labor Sorting and Place-Based Policies in General Equilibrium”  R&R Spatial Economic Analysis

2.“Playing Checkers in Chinatown” with Jose Antonio Espin-Sanchez

3.“Estimating the Information Component in Switching Costs: A Structural Approach” with Sheisha Kulkarni  and Gonzalo Iberti

4.“Seat Belts or Statements, Which Loan Regulation Benefit Whom?” with Sheisha Kulkarni and Gonzalo Iberti

5.“Labor Market Effects of Deleting Delinquencies” with Jordan Nickerson  and Gonzalo Maturana

6.“Do political Parties Matter for Municipal Finances? Evidence from Property Reassessments and Estate Taxes” with Felipe Aldunate  and Cristobal Diaz R&R

7.“Price Comparison Tools in Consumer Credit Markets ” with Sean Higgins, Sheisha Kulkarni and Erik Berwart (CMF)

8.“The Social Geography of Corporate Misconduct” with Matias Braun  and Ercos Valdivieso

Selected Work in Progress

9.“Labor Matching in Cities” with Yoonha Kim

10.“Public Bank Lending During a Financial Crisis” with Gonzalo Iberti

11. “Spillover effects on ESG” with Matias Braun, Vicente Corral and Claudio Raddatz