Faculty Directory

Felipe Severino

Associate Professor of Business Administration





Personal Website



PhD, Massachusetts Institute of Technology, 2014; MSc, Pontificia Universidad Católica de Chile, 2007; BSc, Pontificia Universidad Católica de Chile, 2005

Areas of Expertise

Corporate finance, financial intermediation, household finance, entrepreneurship, real estate finance


Felipe Severino teaches Corporate Finance in the MBA Program.

Current Research Topics

  • Effect of personal bankruptcy on household debt
  • The role of collateral lending in small business starts
  • Impact of credit supply in house prices

Professional Activities

Academic positions

  • Tuck School of Business, 2014–present
  • Visiting Researcher, Federal Reserve Bank of New York, 2013
  • Teaching and Research Assistant, Massachusetts Institute of Technology, Sloan School of Management, 2009–14
  • Teaching Assistant, Pontificia Universidad Católica de Chile, 2002–08

Nonacademic positions

  • Researcher, Laboratory of Financial Engineering, Pontificia Universidad Católica de Chile, 2005–08
  • Summer Internship, Coca Cola Company, 2004


  • NBER Household Finance Grant 2011, 2016
  • MIT Sloan Doctoral Research Forum, First Prize 2014
  • MIT Sloan Finance Group Award 2012
  • MIT Sloan Nominated for Best TA Award 2012
  • MIT Sloan Arnoldo Hax Fellow 2010
  • MIT Sloan Doctoral Program Fellowship 2008–14
  • Presidente de la República. Chilean Government Scholarship 2008
  • Chilean Board of Engineering. Best Chilean Industrial Engineering Student 2008
  • Pontificia Universidad Católica de Chile. Academic Excellence Award Best Industrial Engineering Student, 2007

Working Papers

  • With M. Brown and B. Coates, “Personal Bankruptcy Protection and Household Debt,” 2015
  • With M. Adelino and A. Schoar, "Credit Supply and House Prices: Evidence from Mortgage Market Segmentation,” NBER Working Paper 17832, 2014. CBS News
  • With M. Adelino and A. Schoar, "Loan Origination and Defaults in the Mortgage Crisis: Further Evidence," 2015

Selected Publications

  • With M. Adelino and A. Schoar, ​"Loan Origination and Defaults in the Mortgage Crisis: The Role of the Middle Class," Review of Financial Studies, Forthcoming
  • With M. Adelino and A. Schoar, “House Prices, Collateral and Self-Employment,” Journal of Financial Economics, Volume 117, Issue 2, Pages 288–306. NBER Working Paper 18868, 2014. NBER Digest.