Carnegie Mellon University

Nick Pretnar

Nick Pretnar

Adjunct Professor of Economics

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  • TEP - Tepper Building - Remote
5000 Forbes Avenue
Pittsburgh, PA 15213


Nick graduated from Tepper with a PhD in Economics in May of 2020. He is currently a postdoctoral scholar in the Laboratory for Aggregate Economics and Finance at the University of California, Santa Barbara. In summer and fall of 2020, he is a visiting scholar at the Tepper School of Business. His research focusses on household finance, specifically how behavioral phenomena determine agent-level consumption and savings decisions as well as macroeconomic outcomes. His work has been funded by the NSF and CMU’s PNC Center for Financial Services Innovation, among other institutions.


  • Carnegie Mellon University - Ph D (Economics) - 2020
  • Carnegie Mellon University - MS (Economics) - 2018
  • University of Missouri - BA (English) - 2015
  • University of Missouri - BS (Mathematics) - 2015
  • University of Missouri - BS (Economics) - 2015


Working Papers

  • The Costs and Benefits of Caring: Aggregate Burdens of an Aging Population
    (author(s): Nicholas Pretnar, Finn Kydland)
    NBER Working Paper #25498, 2019
  • Durables, Non-Durables, and a Structural Test of Fungibility
    (author(s): Nicholas Pretnar, Alan Montgomery, Christopher Olivola)
  • The Intergenerational Welfare Implications of Disease Contagion
    (author(s): Nicholas Pretnar)
  • Two-stage Budgeting with Bounded Rationality
    (author(s): Nicholas Pretnar, Alan Montgomery, Christopher Olivola)
  • Home Production with Time to Consume
    (author(s): Nicholas Pretnar, Bill Bednar)
  • Explaining the Credit Card Debt Puzzle with Heterogeneous Liquidity Fungibility
    (author(s): Nicholas Pretnar)
  • Estimating Dynamic Mental Accounting Beliefs Using Financial Dashboard Data
    (author(s): Nicholas Pretnar, Chuck Howard, Marcel Lukas)
  • Accounting for Durable Consumption to Solve the Equity Premium Puzzle
    (author(s): Nicholas Pretnar, Bill Bednar)