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Public Policy Discussion Papers
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Public Policy Discussion Papers present new policy research, research surveys, or research bearing on policy issues. The papers are written for policymakers, informed business people, and academics by economists at the Boston Fed, and many of them present research intended for professional journals. The series began in 2004 with Number 04-1.

Full text of papers are available in portable document format (PDF).

 

2008 Papers
Prior papers: 2007 | 2006 | 2005 | 2004

No. 08-6
“Subprime Mortgages, Foreclosures, and Urban Neighborhoods"

by Kristopher S. Gerardi and Paul S. Willen
Abstract
Full Text
No. 08-5
“Summary of the Workshop on Consumer Behavior and Payment Choice”

by Scott Schuh, and Joanna Stavins
Abstract
Full Text
No. 08-4
“A New Approach to Raising Social Security’s Earliest Eligibility Age”

by Kelly Haverstick, Margarita Sapozhnikov, Robert K. Triest, and Natalia Zhivan
Abstract
Full Text

No. 08-3
“Negative Equity and Foreclosure: Theory and Evidence”
by Christopher L. Foote, Kristopher Gerardi, and Paul S. Willen

Abstract
Full Text

No. 08-2
“Subprime Facts: What (We Think) We Know about the Subprime Crisis and What We Don’t”
by Christopher L. Foote, Kristopher Gerardi, Lorenz Goette, and Paul S. Willen

Abstract
Full Text

No. 08-1
“Why Does Unemployment Hurt the Employed? Evidence from the Life Satisfaction Gap between the Public and Private Sectors”
by Simon Luechinger, Stephan Meier, and Alois Stutzer

Abstract
Full Text

 

2007 Papers

No. 07-5
“Discounting Financial Literacy: Time Preferences and Participation in Financial Education Programs”
by Stephan Meier and Charles Sprenger

Abstract
Full Text
No. 07-4
“Consumer Behavior and Payment Choice: 2006 Conference Summary”
by Margaret Carten, Dan Littman, Scott Schuh, and Joanna Stavins
Abstract
Full Text

No. 07-3
“The Theory of Life-Cycle Saving and Investing”
by Zvi Bodie, Jonathan Treussard, and Paul Willen

Abstract
Full Text

No. 07-2
“Optimal Retirement Asset Decumulation Strategies: The Impact of Housing Wealth”
by Wei Sun, Robert K. Triest, and Anthony Webb

Abstract
Full Text
No. 07-1
“The Boston Fed Study of Consumer Behavior and Payment Choice: A Survey of Federal Reserve System Employees”
by Marques Benton, Krista Blair, Marianne Crowe, and Scott Schuh
Abstract
Full Text

 

2006 Papers

No. 06-7
“Managing the Risk in Pension Plans and Recent Pension Reforms
by Richard W. Kopcke
Abstract
Full Text
No. 06-6
“Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market”
by Kristopher Gerardi, Harvey S. Rosen, and Paul Willen
Abstract
Full Text

No. 06-5
“Social Dynamics of Obesity”
by Mary Burke and Frank Heiland

Abstract
Full Text

No. 06-4
“Collateralized Borrowing and Life-Cycle Portfolio Choice”
by Paul Willen and Felix Kubler

Abstract
Full Text
No. 06-3
“Risk Bearing, Implicit Financial Services, and Specialization in the Financial Industry”

by J. Christina Wang and Susanto Basu
Abstract
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No. 06-2
“Pension Accounting and Corporate Earnings: The World According to GAAP”
by Peter Fortune

Abstract
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No. 06-1
“Consumer Behavior and Payment Choice: A Conference Summary”
by Marianne Crowe, Scott Schuh, and Joanna Stavins
Abstract
Full Text

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2005 Papers

No. 05-4
“Deciding to Distrust”
by Iris Bohnet and Stephan Meier
Abstract
Full Text
No. 05-3
“Lifecycle Prices and Production”
by Mark Aguiar and Erik Hurst
Abstract
Full Text
No. 05-2
“Alternative Measures of the Federal Reserve Banks’ Cost of Equity Capital”
by Michelle L. Barnes and Jose A. Lopez
Abstract
Full Text

No. 05-1
“The Taxation of Equity, Dividends, and Stock Prices”
by Richard W. Kopcke

Abstract
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2004 Papers

No. 04-10
“Social Security and Unsecured Debt”
by Erik Hurst and Paul Willen

Abstract
Full Text

No. 04-9
“Interstate Fiscal Disparity in State Fiscal Year 1999”
by Robert Tannenwald and Nicholas Turner
(Revised in May 2006)

Abstract
Full Text

No. 04-8
“Is Poland the Next Spain?”
by Francesco Caselli and Silvana Tenreyro

Abstract
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No. 04-7
“Do Bank Mergers Affect Federal Reserve Check Volume?”
by Joanna Stavins
Abstract
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No. 04-6
“Financial Development, Financial Constraints, and the Volatility of Industrial Output”
by Borja Larrain

Abstract
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No. 04-5
“Educational Opportunity and Income Inequality”
by Igal Hendel, Joel Shapiro, and Paul Willen

Abstract
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No. 04-4
“Massachusetts Business Taxes: Unfair? Inadequate? Uncompetitive?”
by Robert Tannenwald

Abstract
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No. 04-3
“Wives’ Work and Family Income Mobility”
by Katharine Bradbury and Jane Katz
Abstract
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No. 04-2
“Eyes on the Prize: How Did the Fed Respond to the Stock Market?”
by Jeff Fuhrer and Geoff Tootell

Abstract
Full Text

No. 04-1
“Economic Policy and Prospects in Iraq”
by Christopher Foote, William Block, Keith Crane, and Simon Gray

Abstract
Full Text

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For questions or feedback about the Public Policy Discussion Papers, please contact:

Suzanne Lorant
Director of Research Publications
suzanne.lorant@bos.frb.org

In addition to these Public Policy Discussion Papers, you may be interested in the Boston Fed's Working Papers Series, which presents statistical or technical studies intended for professional journals. Prepared by economists in the Boston Fed’s Research Department, they are written for and seek input from scholars and informed specialists.

 
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