Martin Gervais. Reader, Economics Division, University of Southampton, July 2007 present.

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Martin Gervais Economics Division Work: +44 (0)23 8059 3847 University of Southampton Cell: +44 (0)79 1228 1692 Southampton, SO17 1BJ, U.K. Fax: +44 (0)23 8059 3858 E-mail: gervais@soton.ac.uk Citizenship: Canadian Professional Experience Reader, Economics Division, University of Southampton, July 2007 present. Research Associate, Institute for Fiscal Studies, September 2007 present. Assistant Professor of Economics, The University of Western Ontario, July 2002 June 2007. Visiting Professor of Economics, University of Southampton, Fall 2006. Visiting Scholar, Federal Reserve Bank of Minneapolis, Summer 2006. Assistant Professor of Economics, Queen s University, July 2001 December 2002. Research Economist, Federal Reserve Bank of Richmond, June 1999 June 2002. Education Ph.D. in Economics, The University of Western Ontario, May 1999. Thesis: Housing and Optimal Taxation in Life-Cycle Economies. Co-Supervisors: Andrés Erosa and Ignatius Horstmann. M.A. in Economics, The University of Western Ontario, May 1995. M.B.A., Université Laval, August 1993. B.A. in Accounting, Université Laval, May 1991. Academic Honors and Fellowships T.M. Brown Thesis Prize for best dissertation, The University of Western Ontario, 1999. Bradley Fellowship, 1996 1998. Special University Fellowship, The University of Western Ontario, 1993 1996.

Teaching Experience Macroeconomics (graduate level), University of Southampton, Fall 2006 and 2007. Macroeconomic Theory II (Ph.D.), The University of Western Ontario, 2003 2007. Monetary Theory, The University of Western Ontario, Winter 2007. Intermediate Macroeconomics I, The University of Western Ontario, Fall 2005. Macroeconomic Theory II (Ph.D.), Queen s University, Winter 2002. Advanced Topics in Macroeconomics (Ph.D.), Queen s University, Winter 2002. Intermediate Macroeconomics I and II, The University of Western Ontario, 1995 1998. Introductory Microeconomics and Macroeconomics, Université Laval, 1992 1993. Refereeing American Economic Review; Berkeley Electronic Press; Canadian Journal of Economics; Canadian Public Policy; Economic Theory; European Economic Review; International Economic Review; International Tax and Public Finance; Journal of Economic Dynamics and Control; Journal of Economic Theory; Journal of Macroeconomics; Journal of Money, Credit, and Banking; Journal of Population Economics; Journal of Public Economics; Journal of Public Economic Theory; Macroeconomic Dynamics; Quarterly Review of Economics and Finance; Review of Economic Dynamics; Review of Economic Studies. Research Grants Theoretical and Empirical Aspects of Consumption Smoothing, Social Sciences and Humanities Research Council of Canada, with Paul Klein, $63,515, 2006 2009. Risk Sharing: Theory and Evidence, Social Sciences and Humanities Research Council of Canada, $51,500, 2005 2008. The Role of Education Policy for the Accumulation of Human Capital in the Presence of Borrowing Constraints, Social Sciences and Humanities Research Council of Canada, $152,400, 2002 2005. Published Work Uncertainty and the Specificity of Human Capital, with Igor Livshits and Césaire Meh. Forthcoming, Journal of Economic Theory. Who Cares about Mortgage Interest Deductibility? with Manish Pandey. Forthcoming, Canadian Public Policy. 2

Human Capital Accumulation and Debt Constraints, with David Andolfatto. Review of Economic Dynamics, Vol. 9 (1), pp. 52 67, January 2006. Housing Taxation and Capital Accumulation. Vol. 49 (7), pp. 1461 1489, October 2002. Journal of Monetary Economics, Optimal Taxation in Life-Cycle Economies, with Andrés Erosa. Journal of Economic Theory, Vol. 105 (2), pp. 338 369, August 2002. Optimal Taxation in Infinitely-Lived Agent and Overlapping Generations Models: A Review, with Andrés Erosa. Federal Reserve Bank of Richmond Economic Quarterly, Volume 87 (2), pp. 23 44, Spring 2001. Papers Under Review and Current Research A simple Life-cycle Model with Endogenous Debt Constraints with an Application to Social Security, with David Andolfatto. Revise and resubmit, Journal of Economic Dynamics and Control. On the Optimality of Age-Dependent Taxes and the Progressive U.S. Tax System. Submitted to the review of Economic Studies. Measuring Consumption Smoothing in CEX Data, with Paul Klein. Submitted to the Journal of Monetary Economics. First-Time Home Buyers and Residential Investment Volatility, with Jonas Fisher. Uncertainty, Specificity and Institutions, with Igor Livshits. Aspects of Inequality in Canada, with Matthew Brzozowski, Paul Klein, and Michio Suzuki. Published Comments Discussion of What Happens After A Technology Shock? by Lawrrence J. Christiano, Martin Eichenbaum and Robert Vigfusson. in Price Adjustment and Monetary Policy, Proceedings of a conference held by the Bank of Canada, November 2002. Invited Seminars (since 2003) Universidad Carlos III, November 29, 2007: presented First-Time Home Buyers and Residential Investment Volatility. Federal Reserve Bank of Chicago, November 7, 2007: presented First-Time Home Buyers and Residential Investment Volatility. Universitat Pompeu Fabra, December 11, 2006: presented Uncertainty and the Specificity of Human Capital. 3

Southampton University, November 21, 2006: presented Measuring Consumption Concordia University, November 10, 2006: presented Uncertainty and the Specificity of Human Capital. McMaster University, March 17, 2006: presented Measuring Consumption Smoothing University of British Columbia, November 7, 2005: presented Measuring Consumption Simon Fraser University, November 8, 2005: presented Measuring Consumption Victoria University, November 10, 2005: presented Measuring Consumption Smoothing Federal Reserve Bank of Chicago, February 22, 2005: presented Measuring Consumption Guelph University, December 17, 2004: presented Measuring Consumption Smoothing University of Copenhagen, November 24, 2004: presented Measuring Consumption Regensburg University, July 14, 2004: presented On the Optimality of Age-Dependent Taxes and the Progressive U.S. Tax System. Arizona State University, April 27, 2004: presented On the Optimality of Age- Dependent Taxes and the Progressive U.S. Tax System. Indiana University, Bloomington, April 22, 2004: presented On the Optimality of Age-Dependent Taxes and the Progressive U.S. Tax System. Université de Montréal, May 1, 2003: presented On the Optimality of Age-Dependent Taxes and the Progressive U.S. Tax System. Presentations at Conferences (since 2003) Canadian Macroeconomic Study Group, Annual Meeting, November 3, 2006: presented First-Time Home Buyers and Residential Investment Volatility. Econometric Society Meeting in Vienna, Annual Meeting, August 27, 2006: presented Uncertainty and the Specificity of Human Capital. Society for Economic Dynamics, Annual Meeting, July 8, 2006: presented First-Time Home Buyers and Residential Investment Volatility. 4

World Congress of the Econometric Society Meeting in London, August 23, 2005: presented Measuring Consumption NBER Summer Institute, July 18, 2005: presented Measuring Consumption Smoothing Canadian Economics Association, Annual Meeting, Hamilton, May 28, 2005: presented First-Time Home Buyers and Residential Investment Volatility. Canadian Public Economics Study Group, Annual Meeting, Hamilton, May 26, 2005: presented Who Cares about Mortgage Interest Deductibility? Midwest Macroeconomics Conference, May 21, 2005: presented Measuring Consumption Bank of Canada Conference on Housing and the Macroeconomy, December 13, 2004: presented Who Cares about Mortgage Interest Deductibility? Society for Economic Dynamics, Annual Meeting, July 3, 2004: presented Uncertainty and the Specificity of Human Capital. Canadian Public Economics Study Group, Annual Meeting, Toronto, June 4, 2004: presented Human Capital Accumulation and Debt Constraints. 56th International Atlantic Economic Conference, October 18, 2003: discussant for Human Capital Theory and the Life-Cycle Pattern of Learning and Earning, Income and Wealth by David Andolfatto (Simon Fraser University), Christopher Ferrall (Queen s University) and Paul Gomme (Federal Reserve Bank of Cleveland). Society for Economic Dynamics, Annual Meeting, June 28, 2003: presented Human Capital Accumulation and Debt Constraints. Canadian Public Economics Study Group, Annual Meeting, Ottawa, June 1, 2003: presented On the Optimality of Age-Dependent Taxes and the Progressive U.S. Tax System. 11th Midwest Macroeconomics Conference, May 17, 2003: presented Human Capital Accumulation and Debt Constraints. Conferences Organized Royal Economic Society Annual Conference 2008: Member of programme selection committee. Vienna Macro Workshop on Current Topics in Macroeconomic Theory and Policy, co-organized with David Andolfatto and Gabriel Lee, October 2004, 2005, 2006 and 2007. Life-Cycle Workshop held at the Bank of Canada, co-organized with Allan Head and Oleksiy Kryvtsov, April 2006. 5

UWO Monetary Economics Conference, co-organized with David Laidler, March 2005. Housing and the Macroeconomy Workshop held at the Bank of Canada, co-organized with Bob Amano and Césaire Meh, December 2004. Macroeconomic Sessions for the CEA, co-organized with Michelle Alexopoulos and Rui Castro, June 2004, 2005, 2006, and 2007. University Administrative Duties Member, Appointments Committee: 2002-2003, 2003-2004, 2005-2006. Placement officer: 2004-2005. Co-organizer, Money/Macro Workshop: 2003-2004, 2004-2005. Chair, Macro core exam committee: 2005 2006. Member, Macro core exam committee: 2003 2004 and 2007. Member, T.M. Brown Thesis Prize Committee: 2003 2004. Member, Third-Year Thesis Prize Selection Committee: 2003 2004. Member, EPRI Chair Selection Committee: 2004. Member, CIBC Chair Selection Committee: 2005. Member, Graduate Affairs Committee: 2004-2005. Thesis Supervision Manish Pandey, supervisor, completed: Summer 2005. Michio Suzuki, Summer Paper Supervisor, 2004, current supervisor. Andrew Baziliauskas, Thesis Examiner, Summer 2003. Todd Mattina, Thesis Examiner (Queen s University), 2002. References Available upon request. 6