Guanyi Yang is an assistant professor in the department of economics and business at Colorado College. Guanyi's research field is macro-labor with topics related to economic inequality. His current research focuses on two areas: (i) how labor market frictions amplify welfare loss during a recession and delay economic recovery. The frictions in Guanyi’s work come from job nature, such as differences between formal and informal jobs, temporary and regular contracts, and racial discrimination in job finding and separation. (ii) How factors change a person’s risk tolerance and affordability to various education and career choices, widening income and wealth inequalities over time. The factors he studies include childhood family structure and parental care, early adulthood family wealth, and marriage and fertility.