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Eugene Tan

Assistant Professor · Rotman School of Management, University of Toronto

Assistant Professor at the Rotman School of Management, University of Toronto. Research is in macroeconomics, covering entrepreneurship, firm dynamics, capital allocation and inequality.

2 papers tracked ⌁ Follow this author

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Forthcoming American Economic Journal: Macroeconomics

Entrepreneurial Investment Dynamics and the Wealth Distribution

Eugene Tan

This paper investigates how the illiquidity of entrepreneurial capital shapes investment dynamics and wealth inequality. The central question is whether entrepreneurship drives wealth heterogeneity or …

Inequality Macro Dynamics Household Finance Economic Growth

Published Journal of Monetary Economics Published Oct 2025

Quantifying the allocative efficiency of capital: The role of capital utilization

Poorya Kabir · Eugene Tan · Ia Vardishvili

Standard measures of capital allocative efficiency—based on the dispersion of the average revenue product of capital (ARPK)—are severely biased when capital utilization is endogenous. When utilization …

Capital Misallocation Firm Dynamics Productivity Free Read ↗