NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Martin S. Feldstein

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Working Papers

January 2013Coordination in the European Union
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November 2011The Euro and European Economic Conditions
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Published: The Failure of the Euro, The Foreign Affairs, January/February 2012 issue

October 2011The Tax Reform Act of 1986: Comment on the 25th Anniversary
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Published: The Tax Reform Evidence From 1986 ,October 24, 2011

July 2011What's Next for the Dollar?
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April 2011Capping Individual Tax Expenditure Benefits
with Daniel Feenberg, Maya MacGuineas: w16921

Published: “Capping Individual Tax Expenditure Benefits”, (with Dan Feenberg and Maya MacGuinneas) in Tax Notes, May 2, 2011, p 505-509. NBER Working Paper 16921, April 2011.

January 2011The Role of Currency Realignments in Eliminating the US and China Current Account Imbalances
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October 2010Preventing a National Debt Explosion
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Published: Preventing a National Debt Explosion, Martin Feldstein. in Tax Policy and the Economy, Volume 25, Brown. 2011

January 2010U.S. Growth in the Decade Ahead
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August 2009Economic Conditions and U.S. National Security in the 1930s and Today
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January 2009Rethinking the Role of Fiscal Policy
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Published: Martin Feldstein, 2009. "Rethinking the Role of Fiscal Policy," American Economic Review, American Economic Association, vol. 99(2), pages 556-59, May. citation courtesy of

Reflections on Americans' Views of the Euro Ex Ante
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April 2008Resolving the Global Imbalance: The Dollar and the U.S. Saving Rate
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Published: Martin Feldstein, 2008. "Resolving the Global Imbalance: The Dollar and the U.S. Saving Rate," Journal of Economic Perspectives, American Economic Association, vol. 22(3), pages 113-25, Summer. citation courtesy of

Did Wages Reflect Growth in Productivity?
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Published: Feldstein, Martin, 2008. "Did wages reflect growth in productivity?," Journal of Policy Modeling, Elsevier, vol. 30(4), pages 591-594. citation courtesy of

January 2008Effects of Taxes on Economic Behavior
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Published: "Effects of Taxes on Economic Behavior," in The National Tax Journal,, Vol. LXI, No. 1, March 2008, pp 131-39. NBER Working Paper 13745, January 2008.

Designing Institutions to Deal with Terrorism in the United States
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Published: Martin Feldstein, 2008. "Designing Institutions to Deal with Terrorism in the United States," American Economic Review, American Economic Association, vol. 98(2), pages 122-26, May. citation courtesy of

October 2007Housing, Credit Markets and the Business Cycle
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May 2007Why is the Dollar So High?
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Published: Feldstein, Martin, 2007. "Why is the dollar so high?," Journal of Policy Modeling, Elsevier, vol. 29(5), pages 661-667. citation courtesy of

December 2006The Effects of the Ageing European Population on Economic Growth and Budgets: Implications for Immigration and Other Policies
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June 2006Balancing the Goals of Health Care Provision
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Published: Feldstein, Martin. "Balancing The Goals of Health Care Provision and Financing." Health Affairs Vol 25, No 6, 1603-1611. November/December 2006

May 2006The Effect of Taxes on Efficiency and Growth
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Published: Feldstein, Martin. "The Effect of Taxes on Efficiency and Growth." Tax Notes (May 8, 2006).

April 2006The 2006 Economic Report of the President: Comment on Chapter One (The Year in Review) and Chapter Six (The Capital Account Surplus)
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Published: Feldstein, Martin. 350. "The 2006 Economic Report of the President: Comment on Chapter One (The Year in Review) and Chapter Six (The Capital Account Surplus)." Journal of Economic Literature 44, 3 (September 2006): 673-79.

December 2005Monetary Policy in a Changing International Environment: The Role of Global Capital Flows
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Published: Martin Feldstein, "Monetary Policy in a Changing International Environment: The Role of Global Capital Flows," in Stability and Economic Growth: The Role of the Central Bank (Banco de Mexico, 2006): 245-55

April 2005The Euro and the Stability Pact
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Published: Feldstein, Martin. "The Euro And The Stability Pact," Journal of Policy Modeling, 2005, v27(4,Jun), 421-426. citation courtesy of

Rethinking Social Insurance
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Published: Feldstein, Martin. "Rethinking Social Insurance," American Economic Review, 2005, v95(1,Mar), 1-24. citation courtesy of

February 2005Structural Reform of Social Security
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Published: Feldstein, Martin. "Structural Reform Of Social Security," Journal of Economic Perspectives, 2005, v19(2,Spring), 33-55. citation courtesy of

January 2005Reducing the Risk of Investment-Based Social Security Reform
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Published:

September 2003Monetary Policy in an Uncertain Environment
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Published: Martin Feldstein, 2003. "Monetary policy in an uncertain environment," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 373-382. citation courtesy of

March 2003Why is Productivity Growing Faster?
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Published: Feldstein, Martin, 2003. "Why is productivity growing faster?," Journal of Policy Modeling, Elsevier, vol. 25(5), pages 445-451, July. citation courtesy of

September 2002The Role for Discretionary Fiscal Policy in a Low Interest Rate Environment
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Published: Martin Feldstein, 2002. "Commentary : Is there a role for discretionary fiscal policy?," Proceedings, Federal Reserve Bank of Kansas City, pages 151-162.

March 2002Economic and Financial Crises in Emerging Market Economies: Overview of Prevention and Management
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Published: Feldstein, Martin (ed.) Economic and financial crises in emerging market economies, NBER Conference Report series. Chicago and London: University of Chicago Press, 2003.

November 2001Potential Paths of Social Security Reform
with Andrew Samwick: w8592

Published: Potential Paths of Social Security Reform, Martin Feldstein, Andrew Samwick. in Tax Policy and the Economy, Volume 16, Poterba. 2002

September 2001Social Security
with Jeffrey B. Liebman: w8451

Published: Feldstein, Martin & Liebman, Jeffrey B., 2002. "Social security," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 4, chapter 32, pages 2245-2324 Elsevier.

The Future of Social Security Pensions in Europe
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Published:

  • Naar beste vermogen, Essays Honoring Pieter Korteweg, eds. JJ van Duijn, et. al., Kluwer, December 2001.
  • Feldstein, Martin, 2002. "The future of social security pensions in Europe," Journal of Financial Transformation, Capco Institute, vol. 5, pages 8-12. citation courtesy of

May 2001Economic Problems of Ireland in Europe
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Published: The Thirty-First Geary Lecture. Dublin, Ireland: The Economic and Social Research Institute, 2001.

January 2001Individual Risk in an Investment-Based Social Security System
with Elena Ranguelova: w8074

Published: Feldstein, Martin and Elena Ranguelova. "Individual Risk In An Investment-Based Social Security System," American Economic Review, 2001, v91(4,Sep), 1116-1125. citation courtesy of

September 2000Aspects of Global Economic Intergration: Outlook for the Future
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Published: Aspects of Global Economic Integration, Annual Conference of The Federal Reserve Bank of Kansas City. 2000.

August 2000Accumulated Pension Collars: A Market Approach to Reducing the Risk of Investment-Based Social Security Reform
with Elena Ranguelova: w7861

Published:

June 2000Allocating Payroll Tax Revenue to Personal Retirement Accounts to Maintain Social Security Benefits and the Payroll Tax Rate
with Andrew Samwick: w7767

Published: Feldstein, Martin and Andrew Samwick. "Allocating Payroll Tax Revenue to Personal Retirement Accounts." Tax Notes 87, 12 (June 19, 2000): 1645-1652.

February 2000The European Central Bank and the Euro: The First Year
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Published: Feldstein, Martin, 2000. "The European Central Bank and the Euro: The First Year," Journal of Policy Modeling, Elsevier, vol. 22(3), pages 345-354, May. citation courtesy of

January 2000The Distributional Effects of an Investment-Based Social Security System
with Jeffrey Liebman: w7492

Published: The Distributional Effects of an Investment-Based Social Security System, Martin S. Feldstein, Jeffrey B. Liebman. in The Distributional Aspects of Social Security and Social Security Reform, Feldstein and Liebman. 2002

April 1999The Economics of Bequests in Pensions and Social Security
with Elena Ranguelova: w7065

Published: The Economics of Bequests in Pensions and Social Security, Martin S. Feldstein, Elena Ranguelova. in The Distributional Aspects of Social Security and Social Security Reform, Feldstein and Liebman. 2002

March 1999Maintaining Social Security Benefits and Tax Rates through Personal Retirement Accounts: An Update Based on the 1998 Social Security Trustees Report
with Andrew Samwick: w6540
The Transition to Investment-Based Social Security when Portfolio Returns and Capital Profitability are Uncertain
with Elena Ranguelova, Andrew Samwick: w7016

Published:

February 1999Public Policies and Private Saving in Mexico
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Published: Feldstein, Martin. "Public Policies and Private Saving in Mexico." Economia Mexicana 8, 2 (Fall 1999): 231-265.

January 1999Self-Protection for Emerging Market Economies
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Prefunding Medicare
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Published: Feldstein, Martin. "Prefunding Medicare," American Economic Review, 1999, v89(2,May), 222-227. citation courtesy of

December 1998Individual Risk and Intergenerational Risk Sharing in an Investment-Based Social Security Program
with Elena Ranguelova: w6839

Published: Feldstein, Martin and Elena Ranguelova. "Individual Risk In An Investment-Based Social Security System," American Economic Review, 2001, v91(4,Sep), 1116-1125.

Unemployment Insurance Savings Accounts
with Daniel Altman: w6860

Published:

November 1998Social Security Pension Reform in China
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Published: Feldstein, Martin. "Social Security Pension Reform In China," China Economic Review, 1999, v10(2,Jun), 99-107. citation courtesy of

October 1998Income Inequality and Poverty
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February 1998The Political Economy of the European Economic and Monetary Union: Political Sources of an Economic Liability
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Published: Journal of Economic Perspectives, Vol. 11, no. 4 (Fall 1997): 23-42. citation courtesy of

September 1997Capital Income Taxes and the Benefit of Price Stability
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Published:

August 1997Transition to a Fully Funded Pension System: Five Economic Issues
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Published: Siebert, Horst (ed.) Redesigning Social Security, Institut fur Weltwirtschaft an der Universitat, Kiel. Tubingen: Mohr Siebeck, 1998.

June 1997The Economics of Prefunding Social Security and Medicare Benefits
with Andrew Samwick: w6055

Published:

February 1997Employment Policy of the Middle Reagan Years: What Didn't Happen and Why It Didn't Happen
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Published: Feldstein, Martin. "Employment Policy of The Middle Reagan Years: What Didn't Happen and Why It Didn't Happen." The North American Journal of Economics and Finance (1997).

January 1997The CEA: From Stabilization to Resource Allocation
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Published: Published as "The Council of Economic Advisers: From Stabilization to Resource Allocation", American Economic Review, Vol. 87, no. 2 (May 1997): 99-102.

December 1996How Big Should Government Be?
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Published: NTJ, Vol. 50, no. 2 (June 1997): 197-213.

September 1996The Transition Path in Privatizing Social Security
with Andrew Samwick: w5761

Published:

February 1996The Costs and Benefits of Going from Low Inflation to Price Stability
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Published:

January 1996The Missing Piece in Policy Analysis: Social Security Reform
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Published: The Richard T. Ely Lecture, in American Economic Review, 86, No.2, May 1996 , pp.1-14. citation courtesy of

December 1995The Effect of a Consumption Tax on the Rate of Interest
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November 1995The Effect of Increased Tax Rates on Taxable Income and Economic Efficiency: A Preliminary Analysis of the 1993 Tax Rate Increases
with Daniel Feenberg: w5370

Published: The Effect of Increased Tax Rates on Taxable Income and Economic Efficiency: A Preliminary Analysis of the 1993 Tax Rate Increases, Martin Feldstein, Daniel Feenberg. in Tax Policy and the Economy, Volume 10, Poterba. 1996

September 1995Would Privatizing Social Security Raise Economic Welfare?
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Published: Feldstein, Martin (ed.) Privatizing Social Security. Chicago: Chicago University Press, 1998.

June 1995The Taxation of Two Earner Families
with Daniel Feenberg: w5155

Published:

March 1995Social Security and Saving: New Time Series Evidence
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Published: National Tax Journal, 1996.

Tax Avoidance and the Deadweight Loss of the Income Tax
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Published:

  • Published as "The Income Tax and Charitable Contributions: Part I - Aggregate and Distributional Effects," National Tax Journal, Vol. 28, no. 1 (1975): pp. 81-100.
  • Published as "The Income Tax and Charitable Contributions," with Amy Taylor, Econometrica, Vol. 44, no. 6, (November 1976): pp. 1201-1222
  • The Review of Economics and Statistics, Vol. 81, no. 4, (November 1999), pp. 674-680 citation courtesy of

January 1995Behavioral Responses to Tax Rates: Evidence from TRA86
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Published: American Economic Review, AEA Papers and Proceedings, Vol.85, No.2, May 1995.

October 1994Fiscal Policies, Capital Formation, and Capitalism
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Published: The 1994 Joseph Schumpeter Lecture to the European Economic Association, European Economic Review, 39(1995), pp.399-420. citation courtesy of

Measuring Money Growth When Financial Markets Are Changing
with James H. Stock: w4888

Published: Journal of Monetary Economics, Volume 37, Issue 1, February 1996, Pages 3-27 citation courtesy of

September 1994Tax Policy and International Capital Flows
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Published:

  • The 1994 Bernhard Harms Prize Lecture
  • Martin Feldstein, 1994. "Tax policy and international capital flows," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 130(4), pages 675-697, December. citation courtesy of

A Major Risk Approach to Health Insurance Reform
with Jonathan Gruber: w4852

Published: A Major Risk Approach to Health Insurance Reform, Martin Feldstein, Jonathan Gruber. in Tax Policy and the Economy, Volume 9, Poterba. 1995

June 1994Can State Taxes Redistribute Income?
with Marian Vaillant: w4785

Published: Journal of Public Economics, vol. 68, no. 2, pp. 369-396, 1998. citation courtesy of

March 1994The Effects of Outbound Foreign Direct Investment on the Domestic Capital Stock
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Published:

Taxes, Leverage and the National Return on Outbound Foreign Direct Investment
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Published: "Taxes, Leverage and the National Return on Foreign Direct Investment," in Essays in Honor of Erich Streissler, F. Baltzarek, F. Butschek, and G. Tichy (eds.), Von der Theorie zur Wirtschafspoltick - ein osterreichischer Weg. Stuttgart: Lucius & Lucius, 1998, pp 304-319.

October 1993The Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the1986 Tax Reform Act
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Published: Feldstein, Martin, 1995. "The Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the 1986 Tax Reform Act," Journal of Political Economy, University of Chicago Press, vol. 103(3), pages 551-72, June. citation courtesy of

April 1993Monetary Policy and Inflation in the 1980s: A Personal View
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Published: Feldstein, Martin (ed.) American Economic Policy in the 1980s. Chicago: University of Chicago Press, 1994.

Tax Policy in the 1980s: A Personal View
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Published: Feldstein, Martin (ed.) American Economic Policy in the 1980s. Chicago: University of Chicago Press, 1994.

Government Spending and Budget Deficits in the 1980s: A Personal View
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Published: Feldstein, Martin (ed.) American Economic Policy in the 1980s. Chicago: University of Chicago Press, 1994.

The Dollar and the Trade Deficit in the 1980s: A Personal View
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Published: Feldstein, Martin (ed.) American Economic Policy in the 1980s. Chicago: University of Chicago Press, 1994.

March 1993The Use of Monetary Aggregate to Target Nominal GDP
with James H. Stock: w4304

Published:

December 1992The Recent Failure of U.S. Monetary Policy
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Published: De Economist, Vol. 141, No. 1, pp. 29-42 (1993).

August 1992Social Security Rules and Marginal Tax Rates
with Andrew Samwick: w3962

Published: National Tax Journal, Vol. 45, No. 1, pp. 1-22, (March 1992). citation courtesy of

March 1992The Effects of Tax-Based Saving Incentives on Government Revenue and National Saving
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Published: Quarterly Journal of Economics, May 1995, pp.475-494. citation courtesy of

College Scholarship Rules and Private Saving
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Published: American Economic Review, Vol.85, No.3, June 1995. citation courtesy of

January 1992The Budget and Trade Deficits Aren't Really Twins
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Published: Challenge, 35/2, March/April 1992, pp.60-63.

February 1991Reducing the Risk of Economic Crisis
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November 1989International Trade Effects of Value Added Taxation
with Paul Krugman: w3163

Published:

National Saving and International Investment
with Philippe Bacchetta: w3164

Published:

March 1989Tax Rules and Business Investment
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Published:

February 1989Tax Policies For the 1990's: Personal Saving, Business Investment, and Corporate Debt
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Published: American Economic Review, 79(2), May 1989, pp.108-112.

The Case Against Trying to Stabilize the Dollar
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Published: American Economic Review, Vol. 79, no. 2 (1989): 36-40. citation courtesy of

1989Budget Deficits, Tax Incentives and Inflation: A Surprising Lesson From The 1983-84 Recovery
with Douglas W. Elmendorf: w2819

Published:

Imperfect Annuity Markets, Unintended Bequests, and the Optimal Age Structure of Social Security Benefits
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Published: Journal of Public Economics, 41(4), February 1990, pp.31-43. citation courtesy of

August 1987Imputing Corporate Tax Liabilities to Individual Taxpayers
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Published: From National Tax Journal, Vol. XLI, No. 1, pp. 37-59, (March 1988).

Taxes, Budget Deficits ad Consumer Spending: Some New Evidence
with Douglas W. Elmendorf: w2355

Published: "Government Debt, Government Spending, and Private Sector Behavior Revisited: Comment." From The American Economic Review, Vol. 80, No. 3,pp. 589-599, (June 1990).

March 1987Should Social Security Benefits Increase with Age?
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Published: Published as "Should Social Security Benefits Be Means Tested?", JPE, Vol. 95, no. 3 (1987): 468-484.

1987How Far Has the Dollar Fallen?
with Philippe Bacchetta: w2122

Published: Feldstein, Martin and Philipe Bacchetta. "How Far Has the Dollar Faller?" Business Economics, Vol. XXII, No. 4, October 1987, pp. 35-39.

November 1986The Effects of Fiscal Policies When Incomes are Uncertain: A Contradiction to Ricardian Equivalence
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Published: From The American Economic Review, Vol. 78, No. 1, pp. 14-23, (March 1988). citation courtesy of

International Debt Service and Economic Growth: Some Simple Analytics
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October 1986New Evidence on the Effects of Exchange Rate Intervention
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Published: Published as "New Evidence on the Distribution of Unemployment Insurance Benefits", NTJ, Vol. 30, no. 2 (1977): 219-221.

July 1986Budget Deficits, Tax Rules, and real Interest Rates
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April 1986The Budget Deficit and the Dollar
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Published:

March 1986The Effects of Tax Rules on Nonresidential Fixed Investment: Some Preliminary Evidence from the 1980s
with Joosung Jun: w1857

Published:

1986U.S. Budget Deficits and the European Economies: Resolving the Political Economy Puzzle
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Published:

The Effect of Federal Tax Deductibility on State and Local Taxes and Spending
with Gilbert Metcalf: w1791

Published: Feldstein, Martin and Gilbert Metcalf. "The Effect of Federal Tas Deductibility on State and Local Taxes and Spending," Journal of Political Economy, Vol. 95, No. 4, pp. 710-736, August 1987. citation courtesy of

Supply Side Economics: Old Truths and New Claims
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Published: Feldstein, Martin. "Supply Side Economics: Old Truths and New Claims." American Economic Review, Vol. 76, No. 2, (May 1986), pp. 26-30. citation courtesy of

December 1985Should Social Security Be Means Tested?
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Published: Journal of Political Economy, Vol. 95, No. 3, pp. 468-484, (June 1987).

The Second Best Theory of Differential Capital Taxation
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Published: Feldstein, Martin. "The Second Best Theory of Differential Capital Taxation," Oxford Economic Papers, Oxford University Press, vol. 42(1), pages 256-67, January 1990 citation courtesy of

November 1984Unemployment Insurance and Reservation Wages
with James M. Poterba: w1011

Published: Felstein, Martin and James Poterba. "Unemployment Insurance and Reservation Wages." Journal of Public Economics, Vol. 23, (1984), pp. 141-167. citation courtesy of

August 1984Debt and Taxes in the Theory of Public Finance
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Published: Feldstein, Martin. "Debt and Taxes in the Theory of Public Finance." Journal of Public Economics, Vol. 28, (1985), pp. 233-245. citation courtesy of

Can an Increased Budget Deficit Be Contractionary?
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On the Theory of Optimal Taxation in a Growing Economy
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Published: (With J.Green & E.Sheshinski, published as "Inflation and Taxes in a Growing Economy with Debt and Equity Finance"), JPE, Vol. 86, no. 2, Part II (1978): S53-S70.

August 1982The Fiscal Framework of Monetary Policy
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Published: Feldstein, Martin. "The Fiscal Framework of Monetary Policy." Economic Inquiry, Vol. 21, No. 1 (January 1983), pp. 11-23.

The Welfare Cost of Social Security's Impact on Private Saving
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Published: Feldstein, Martin. "The Welfare Cost of Social Security's Impact on Private Saving," ed. M. Boskin, Essays in Honor of Arnold Harberger, Oxford: England, Basil Blackwell, Inc., 1987, pp. 1-13.

The Optimal Level of Social Security Benefits
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Published: Feldstein, Martin. "The Optimal Level of Social Security Benefits." Quarterly Journal of Economics, Vol. 100, No. 2, (May 1985), pp. 303-320. citation courtesy of

July 1982Private Pensions as Corporate Debt
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Published:

Pension Funding Decisions, Interest Rate Assumptions and Share Prices
with Randall Morck: w0938

Published: Bodie, Zvi and John B. Shoven (eds.) Financial Aspects of the U.S. Pension System. Chicago: University of Chicago Press, 1983.

Domestic Saving and International Capital Movements in the Long Run and the Short Run
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Published:

Are High Income Individuals Better Stock Market Investors?
with Shlomo Yitzhaki: w0948
April 1982Capital Taxation
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Published: Feldstein, Martin. "The Second Best Theory Of Differential Capital Taxation," Oxford Economic Papers, 1990, v42(1), 256-267.

October 1981Should Private Pensions Be Indexed?
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Published:

September 1981Inflation, Tax Rules, and the Accumulation of Residential and Nonresidential Capital
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Published:

August 1981The Effective Tax Rate and the Pretax Rate of Return
with James M. Poterba, Louis Dicks-Mireaux: w0740

Published: Feldstein, Martin, Louis Dicks-Mireaux, and James Poterba. "The Effective Tax Rate and the Pretax Rate of Return." Journal of Public Economics, Vol. 21, No. 2, pp. 129-158, (1983). (NOTE: Reprint 443 is based on BOTH W0508 and W0740.) citation courtesy of

May 1981Has the Rate of Investment Fallen?
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Published: Feldstein, Martin. "Has the Rate of Investment Fallen?" The Review of Economics and Statistics, Vol. 65, No. 1 (February 1983), pp. 144-149. citation courtesy of

Inflation, Capital Taxation, and Monetary Policy
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Published:

Alternative Tax Rules and Personal Savings Incentives: Microeconomic Data and Behavioral Simulations
with Daniel Feenberg: w0681

Published:

Simulating Nonlinear Tax Rules and Nonstandard Behavior: An Application to the Tax Treatment of Charitable Contributions
with Lawrence B. Lindsey: w0682

Published:

March 1981The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains
with Joel Slemrod, Shlomo Yitzhaki: w0250

Published: "The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains" The Quarterly Journal of Economics, Vol. CXIV No. 4, pp. 777-791, (June 1980). (NOTE: Reprint 147 is based on BOTH W0250 and W0257). citation courtesy of

November 1980Corporate Financial Policy and Taxation in a Growing Economy
with Jerry Green, Eytan Sheshinski: r0101

Published: Feldstein, Martin; Green, Jerry; and Sheshinski, Eytan. "Corporate Financial Policy and Taxation in a Growing Economy." The Quarterly Journal of Economics, Vol. XCIII, No. 3, (August 1979), pp. 411-432.

The Optimal Taxation of Foreign Source Investment Income
with David G. Hartman: w0193

Published: Feldstein, Martin and Hartman, David. "The Optimal Taxation of Foreign Source Investment Income." Quarterly Journal of Economics, Vol. XCIII, No. 4, ( November 1979), pp. 613-629.

Personal Taxation, Portfolio Choice and The Effect of the Corporation Income Tax
with Joel Slemrod: w0241

Published: Feldstein, Martin S. and Slemrod, Joel. "Personal Taxation, Portfolio Choice, and the Effect of the Corporation Income Tax." Journal of Political Economy, Vol. 88, No. 5, (Oct. 1980), pp. 854-866. citation courtesy of

Inflation, Tax Rules, and Investment: Some Econometric Evidence
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Published:

Social Security, Induced Retirement, and Aggregate Capital Accumulation:A Correction and Updating
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Published: Feldstein, Martin. "Social Security and Private Saving: Reply." Journal of Political Economy, Vol. 90, No. 3 (June, 1982), pp.630-642.

October 1980Private Pensions and Inflation
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Published: Feldstein, Martin. "Private Pensions and Inflation." The American Economic Review, Vol. 71, No. 2, (May 1981), pp. 424-428. citation courtesy of

August 1980Inflation, Portfolio Choice, and the Price of Land and Corporate Stock
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Published: Feldstein, Martin. "Inflation, Portfolio Choice, and the Prices of Land and Corporate Stock." American Journal of Agricultural Economics, Vol. 62, No. 5, (December 1980), pp. 910-916.

July 1980A Contribution to the Theory of tax Expenditures: The Case of CharitableGiving
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Published: Feldstein, Martin. "A Contribution to the Theory of Tax Expenditures: The Case of Charitable Giving." The Economics of Taxation, Essays in Honor of Joseph Peckman, edited by Henry J. Aaron and Michael J. Boskin, pp. 99-122. Washington, DC: The Brookings Institution, 1980.

State and Local Taxes and the Rate of Return on Nonfinancial Corporate Capital (revised as W0740)
with James M. Poterba: w0508

Published: Feldstein, Martin and James M. Poterba. "State and Local Taxes and the Rateof Return on Nonfinancial Corporate Capital." Journal of Public Economics, Vol. 21, No. 2, (1983), pp. 129-158. (NOTE: Reprint 443 is based on BOTH W0508 AND W740.)

Pension Funding, Share Prices, and National Saving
with Stephanie Seligman: w0509

Published: Feldstein, Martin and Seligman, Stephanie. "Pension Funding, Share Prices,and National Savings." The Journal of Finance, Vol. XXXVI, No. 4, (September 1981), pp. 801-824. citation courtesy of

May 1980Social Security and Household Wealth Accumulation: New Microeconomic Evidence
with Anthony J. Pellechio: w0206

Published: Feldstein, Martin S. and Pellechio, Anthony. "Social Security and Household Wealth Accumulation: New Microeconomic Evidence." The Review of Economics and Statistics, Vol. LXI, No. 3, (August 1979), pp. 361-368.

Social Security Benefits and the Accumulation of Preretirement Wealth
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Published: Feldstein, Martin. "Social Security Benefits and the Accumulation of Preretirement Wealth." The Determinants of National Saving and Wealth, edited by Franco Modigliani and Richard Hemming, pp. 3-23. New York: St. Martin's Press, (1983).

February 1980The Distribution of the U.S. Capital Stock Between Residential and Industrial Uses
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Published: Feldstein, Martin. "The Distribution of the U.S. Capital Stock Between Residential and Industrial Uses." Economic Inquiry, Vol. 19, No. 1, (January 1981), pp. 26-39. citation courtesy of

1980Do Private Pensions Increase National Saving?
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Published: Feldstein, Martin. "Do Private Pensions Increase National Saving?" Journal of Public Economics, Vol. 10, No. 3, (December 1978), pp. 277-293. citation courtesy of

Tax Rules and the Mismanagement of Monetary Policy
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Published: Feldstein, Martin. "Tax Rules and the Mismanagement of Monetary Policy." The American Economic Review, Vol. 70, No. 2, (May 1980), pp. 182-186. citation courtesy of

Government Deficits and Aggregate Demand
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Published: Feldstein, Martin. "Government Deficits and Aggregate Demand." Journal of Monetary Economics, Vol. 9, No. 1, (January 1982), pp. 1-20. citation courtesy of

December 1979Why Do Companies Pay Dividends?
with Jerry Green: w0413

Published: Feldstein, Martin and Green, Jerry. "Why Do Companies Pay Dividends?" The American Economic Review, Vol. 73, No. 1 (March 1983), pp. 17-30. citation courtesy of

November 1979Inflation, Tax Rules, and the Stock Market
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Published:

October 1979Adjusting Depreciation in an Inflationary Economy: Indexing versus Acceleration
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Published: Feldstein, Martin. "Adjusting Depreciation in an in an Inflationary Economy: Indexing versus Acceleration." National Tax Journal, Vol. 34 No. 1, (March 1981), pp. 29-43.

September 1979Teenage Unemployment: What is the Problem?
with David T. Ellwood: w0393

Published:

May 1979International Differences in Social Security and Saving
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Published:

April 1979The Effect of Social Security on Saving
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Published:

  • Feldstein, Martin. "The Effect Of Social Security On Saving," Geneva Papers on Risk and Insurance Theory, 1980, v5(15), 4-17.
  • Feldstein, Martin. "The Effect of Social Security on Saving." Contemporary Economic Analysis III, London: Croom Helm, (1981).

February 1979The Effect of Social Security on Private Savings: The Time Series Evidence
w0314

Published: Feldstein, Martin. "The Effect of Social Security on Private Savings: The Time Series Evidence." Social Security Bulletin, Vol. 42, No. 5, (May 1979),pp. 36-39.

1979Inflation, Tax Rules, and the Long Term Interest Rates
with Lawrence H. Summers: w0232

Published:

Domestic Savings and International Capital Flows
with Charles Horioka: w0310

Published: Feldstein, Martin and Horioka, Charles. "Domestic Saving and International Capital Flows." The Economic Journal, Vol. 90, (June 1980), pp. 314-329. citation courtesy of

Inflation and the Taxation of Capital Income in the Corporate Sector
with Lawrence H. Summers: w0312

Published:

November 1978The Effect of Inflation on the Prices of Land And Gold
w0296

Published: Feldstein, Martin, "Inflation, Tax Rules, and the Prices of Land and Gold." Journal of Public Economics, Vol. 14, No. 3, (December 1980), pp. 309-317.

August 1978Fiscal Policies, Inflation and Capital Formation
w0275

Published:

Inflation and the Stock Market
w0276

Published:

July 1978Inflation and the Choice of Asset Life
with Alan J. Auerbach: w0253

Published: Auerbach, Alan J. "Inflation and the Choice of Asset Life." Journal of Political Economy, Vol.87, No. 3, (1979), pp. 621-638. citation courtesy of

Inventory Fluctuations, Temporary Layoffs and the Business Cycle
with Alan J. Auerbach: w0259
February 1978Inflation and the Excess Taxation of Capital Gains on Corporate Stock
with Joel Slemrod: w0234

Published:

December 1977The Private and Social Costs of Unemployment
w0223

Published: Feldstein, Martin S. "The Private and Social Costs of Unemployment." The American Economic Review, Vol. 68, No. 2, (May 1978), pp. 155-158. citation courtesy of

November 1977Social Security Wealth: The Impact of Alternative Inflation Adjustments
with Anthony J. Pellechio: w0212

Published: Feldstein, Martin S. and Pellechio, Anthony. "Social Security Wealth: The Impact of Alternative Inflation Adjustments." Financial Social Security, edited by Colin D. Campbell, pp. 91-117. Washington, D.C.: American Enterprise Institute for Research, 1979.

October 1977Local Government Budgeting: The Econometric Comparison of Political and Bureaucratic Models
with Daniel J. Frisch: w0207
September 1977The Welfare Cost of Permanent Inflation and Optimal Short-Run Economic Policy
w0201

Published: Feldstein, Martin S. "The Welfare Cost of Permanent Inflation and Optimal Short-Run Economic Policy." Journal of Political Economy, Vol. 87, No. 4, (August 1979), pp. 749-768. citation courtesy of

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