Research Papers On Social Insurance By Martin Feldstein To Accompany

Research papers on Social Insurance by Martin Feldstein to accompany Presidential Address to American Economic Association, January 8, 2005. "A New Approach to National Health Insurance,” The Public Interest, No. 23, Spring 1971. "The Welfare Loss of Excess Health Insurance," Journal of Political Economy, Vol. 81, No. 2, Part 1, March-April 1973. "Distributional Aspects of National Health Insurance Benefits and Finance," (with B. Friedman and H. Luft), National Tax Journal, Vol. 25, No. 4, December 1972. Lowering the Permanent Rate of Unemployment, Joint Economic Committee, U.S. Congress, Washington, 1973. "Tax Subsidies of Private Health Insurance: Distribution, Revenue Loss and Effects," (with E. Allison) in The Economics of Federal Subsidy Programs, Joint Economic Committee, U.S. Congress, Washington, July 1974. "Economics of the New Unemployment," Public Interest, No. 33, Fall 1973. "Social Security, Induced Retirement and Aggregate Capital Accumulation," Journal of Political Economy, Vol. 82, No. 5, September-October 1974. "Unemployment Compensation: Adverse Incentives and Distributional Anomalies," National Tax Journal, Vol. 27, No. 2, June 1974. "The Effect of National Health Insurance on the Price and Quantity of Medical Care," (with Ben Friedman) in The Role of Health Insurance in the Health Services Sector (a Universities-National Bureau of Economic Research Conference), R. Rosett (ed.), No. 27, 1976. "Social Security and Private Savings: International Evidence in an Extended Life Cycle Model," in The Economics of Public Services, an International Economic Association Conference Volume, M. Feldstein and R. Inman (eds.), 1977. "Unemployment Insurance: Time for Reform," Harvard Business Review, March-April 1975. "Toward a Reform of Social Security," The Public Interest, No. 40, Summer 1975. "Temporary Layoffs in the Theory of Unemployment," Journal of Political Economy, October 1976, Vol. 84, Issue 5, pp. 937-957. "The Importance of Temporary Layoffs: An Empirical Analysis," Brookings Papers on Economic Activity, 3:1975.

"Tax Subsidies, the Rational Demand for Insurance and the Health Care Crisis," (with B. Friedman), Journal of Public Economics, 1977. "Social Security and Saving: The Extended Life Cycle Theory," American Economic Review, 1976. "The Unemployment Caused by Unemployment Insurance," Proceedings of the Industrial Relations Research Association, 1976. “Social Insurance," in Income Distribution, Colin D. Campbell (ed.), 1977 and in Public Policy, Vol. 25, No. 1, Winter 1977. "Social Security and the Distribution of Wealth ," Journal of the American Statistical Association, 1976. "The Social Security Fund and National Capital Accumulation," Funding Pensions: The Issues and Implications, for a Federal Reserve Bank of Boston publication, 1977. "Seven Principles of Social Insurance," Challenge, 1976. "New Evidence on the Distribution of Unemployment Insurance Benefits," National Tax Journal, Vol. 30, No. 2, June 1977. "Facing the Social Security Crisis," The Public Interest, No. 47, Spring 1977. "The High Cost of Hospitals -- and What to Do About It," The Public Interest, No. 48, Summer 1977. "Social Security : The Impact of Alternative Inflation Adjustments," (with Anthony Pellechio), in Colin Campbell, Financing Social Security, 1979, 91-117. "The Effect of Unemployment Insurance on Temporary Layoff Unemployment," American Economic Review, December 1978, Vol. 68, Issue 5, pp. 834-846. "The Private and Social Costs of Unemployment," American Economic Review, Vol. 68, No. 2, May 1978, pp 155-158. "Social Security and Household Accumulation: New Microeconometric Evidence," (with Anthony Pellechio), Review of Economics and Statistics, Vol. 61, No. 3, August 1979, pp 361. "The Effect of Social Security on Private Savings: The Time Series Evidence," Social Security Bulletin, Vol. 42, No. 5, May 1979, pp 36-39.

2

"The Effect of Social Security on Saving," (The 1979 Frank Paish Lecture to the British Association of University Teachers of Economics), Contemporary Economic Analysis III, 1981. "Social Security Hobbles Our Capital Formation," Harvard Business Review, No. 79449, July/August.1979. "International Differences in Social Security and Saving," Journal of Public Economics, October 1980, 14(2), pp 225-244. "Social Security Benefits and the Accumulation of Preretirement Wealth ," in The Determinants of National Saving , Franco Modigliani and Richard Hemming (eds.), New York: St. Martin’s Press, 1983, pp 3-23. "Unemployment Insurance and Reservation Wages," (with James Poterba), Journal of Public Economics, Vol. 23, Issues 1& 2, February-March 1984, pp 141-167. "The Optimal Level of Social Security Benefits," Quarterly Journal of Economics, 10(2), May 1985, pp 303-320. "The Welfare Cost of Social Security's Impact on Private Saving," pp. 1-13 in Modern Developments in Public Finance: Essays in Honor of Arnold Harberger, M. Boskin (ed.), Oxford, England: Basil Blackwell, 1987, pp 1-13. "The Social Security Explosion", The Public Interest, No. 81, Fall 1985. "Should Social Security be Means Tested?", Journal of Political Economy, 95(3), June 1987, pp 468-484. "Social Security Rules and Marginal Tax Rates," (with Andrew Samwick), National Tax Journal, Vol. 45, No. 1, March, 1992, pp 1-22. "A Major Risk Approach to Health Insurance Reform," (with Jonathan Gruber), in Tax Policy and the Economy, J. Poterba (ed), 1995. "Social Security and Saving: New Time Series Evidence," National Tax Journal, 1996, Vol. 49, No. 2, pp. 151-164. “Would Privatizing Social Security Raise Economic Welfare?”, in Privatizing Social Security, Martin Feldstein (ed.), (Chicago: Chicago University Press), 1998. “The Missing Piece in Policy Analysis: Social Security Reform,” The Richard T. Ely Lecture, in American Economic Review, 86, No. 2, May 1996, pp 1-14.

3

“The Transition Path in Privatizing Social Security.” (with Andrew Samwick) in M. Feldstein (ed.) Privatizing Social Security, (Chicago: Chicago University Press), 1998, pp. 215-260. “Privatizing Social Security: Introduction,” in M. Feldstein (ed.), Privatizing Social Security, (Chicago: University of Chicago Press), 1998. Privatizing Social Security, (ed.) (Chicago: Chicago University Press), 1998. “Privatizing Social Security, Journal of Finance, July 1997. “The Economics of Prefunding Social Security and Medicare Benefits,” with Andrew Samwick, in NBER Macro Annual 1997. “The Case for Privatization,” Foreign Affairs, 76:4, July-August 1997, pp 24-38. “Transition to a Fully Funded Pension System: Five Economic Issues,” in Redesigning Social Security, Horst Siebert (ed.), Institut fur Weltwirtschaft an der Universitat, Kiel, (Tubingen: Mohr Siebeck, 1998), pp 299-315. “A new era of Social Security,” The Public Interest, Winter 1998, No. 130, pp 102-125. “Potential Effects of Two Percent Personal Retirement Accounts,” (with Andrew Samwick) in Tax Notes, Vol. 79, No. 5, May 4, 1998, pp 615-620.An updated version is available with the title, “New Estimates of the Potential Effects of Two Percent Personal Retirement Account.” “Social Security Pension Reform in China,” NBER Working Paper No. 6794, in China Economic Review, Vol. 10, No. 2, Fall 1999. “Unemployment Insurance Savings Accounts,” (with Dan Altman), NBER Working Paper No. 6860. “Individual Risk and Intergenerational Risk Sharing in an Investment-Based Social Security System,” (with Elena Ranguelova), NBER Working Paper No. 6839. “Prefunding Medicare,” American Economic Review, May 1999. NBER Working Paper No. 6917. “The Economics of Bequests in Pensions and Social Security,” (with Elena Ranguelova), NBER Working Paper No. 7065, in M. Feldstein and J. Liebman, Distributional Aspects of Social Security Reform, (Chicago: University of Chicago Press), 2000.

4

“The Transition to Investment-based Social Security when Portfolio Returns and Capital Profitability are Uncertain,” (with Elena Ranguelova and Andrew Samwick) in J. Campbell and Martin Feldstein (eds.), Risks Aspects of Investment Based Social Security Reform,,(Chicago: University of Chicago Press), 2000. NBER Working Paper No. 7016. “Administrative Costs in Social Security Reform: A Comment,” in John Shoven, Administrative Costs Aspects of Social Security Reform, (Chicago: University of Chicago Press), 2000. “Risk Aspects of Investment-Based Social Security Reform, (ed. with John Campbell), Chicago: University of Chicago Press, 2001. “Risk Aspects of Investment-Based Social Security Reform: Introduction,” with John Campbell, in Martin Feldstein and John Campbell, Risk Aspects of Investment-Based Social Security Reform, University of Chicago Press, 2001. “The Distributional Effects of an Investment-Based Social Security System,” (with Jeffrey Liebman) NBER Working Paper 7492, January 2000, in M. Feldstein and J. Liebman, Distributional Aspects of Social Security and Social Security Reform, Chicago: University of Chicago Press, 2002, pp. 263-326. Distributional Aspects of Social Security and Social Security Reform, edited with Jeffrey Liebman, Chicago: University of Chicago Press, 2002. “Distributional Aspects of Social Security Reform: Introduction,” with Jeffrey Liebman, in Distributional Aspects of Social Security and Social Security Reform, edited by Martin Feldstein and Jeffrey Liebman, Chicago: University of Chicago Press, 2002. “Accumulated Pension Collars: A Market Approach to Reducing The Risk of Investment-Based Social Security Reform,” (with Elena Ranguelova). NBER Working Paper No. 7861, August 2000, in Tax Policy and the Economy 2000, (Cambridge, MA: MIT Press, 2001) “Individual Risk in an Investment-Based Social Security System”, (with Elena Ranguelova). NBER Working Paper No. 8074, January 2001, American Economic Review , Vol. 91, No. 4, September 2001, pp 1116-25. Social Security Pension Reform in Europe , edited with Horst Siebert. (Chicago: University of Chicago Press, 2002). “Introduction”, in Social Security Pension Reform in Europe, edited with Horst Siebert. (Chicago: University of Chicago Press, 2002). “Social Security,” with Jeffrey Liebman. NBER Working Paper No. 8451, September 2001. “The Handbook of Public Economics,” edited with Alan Auerbach, Vol. 4, 2002, pp. 2245-2324. 5

“Potential Paths of Social Security Reform,” (with Andrew Samwick) in Tax Policy and the Economy 2001 , Vol. 16, 2002, Cambridge: MIT Press, pp 181-224. NBER Working Paper No. 8592, November 2001. “The Future of Social Security Pensions in Europe,” in Naar beste vermogen, Essays Honoring Pieter Korteweg, eds. JJ van Duijn, et. al., Kluwer, December 2001. NBER Working Paper No. 8487, September 2001. “Rethinking Social Insurance,” Presidential Address for the American Economic Association, January 2005, American Economic Review, March 2005. “Reducing the Risk of Investment Based Social Security Reform.” National Bureau of Economic Research (Cambridge, MA) Working Paper XXXXX, 2005a. “Restructuring Social Security.” National Bureau of Economic Research (Cambridge, MA) Working Paper XXXXX, 2005b.

6