WorldCat Identities

Diamond, Peter A.

Works: 178 works in 532 publications in 3 languages and 7,889 library holdings
Genres: Conference papers and proceedings 
Roles: Author, Editor, Other
Classifications: HD7091, 330.01
Publication Timeline
Most widely held works by Peter A Diamond
Uncertainty in economics : readings and exercises by Peter A Diamond( Book )

39 editions published between 1978 and 2014 in English and Undetermined and held by 838 WorldCat member libraries worldwide

Individual choice in a static setting; General equilibrium in a static setting; Sequential choice and equilibrium with limited information
Behavioral economics and its applications by Frank R Baumgartner( Book )

13 editions published between 2007 and 2011 in 3 languages and held by 583 WorldCat member libraries worldwide

In the last decade, behavioral economics, borrowing from psychology and sociology to explain decisions inconsistent with traditional economics, has revolutionized the way economists view the world. But despite this general success, behavioral thinking has fundamentally transformed only one field of applied economics/finance. The editors argue that behavioral economics can have a similar impact in other fields of economics. In this volume, some of the world's leading thinkers in behavioral economics and general economic theory make the case for a much greater use of behavioral ideas in six fields where these ideas have already proved useful but have not yet been fully incorporated, public economics, development, law and economics, health, wage determination, and organizational economics. The result is an attempt to set the agenda of an important development in economics, an agenda of interest to policymakers, sociologists, and psychologists as well as economists. -- From publisher
Growth, productivity, unemployment : essays to celebrate Bob Solow's birthday by Peter A Diamond( Book )

14 editions published between 1990 and 1993 in English and held by 446 WorldCat member libraries worldwide

Selección de trabajos sobre teoría del crecimiento económico y la productividad industrial, y su relación e influencia en el desempleo
A search-equilibrium approach to the micro foundations of macroeconomics by Peter A Diamond( Book )

13 editions published in 1984 in English and held by 407 WorldCat member libraries worldwide

On time : lectures on models of equilibrium by Peter A Diamond( Book )

20 editions published between 1994 and 2009 in English and held by 401 WorldCat member libraries worldwide

Reforming pensions : principles and policy choices by N. A Barr( Book )

20 editions published between 2008 and 2009 in English and held by 392 WorldCat member libraries worldwide

"Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-term trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design." "Alongside the economic principles of good design, policy must also take account of a country's capacity to implement the system. Thus the theoretical analysis is complemented by discussion of implementation and of experiences, both good and bad, in many countries, with particular attention to Chile and China."--Jacket
Social security reform by Peter A Diamond( Book )

17 editions published between 2001 and 2010 in English and Undetermined and held by 374 WorldCat member libraries worldwide

Chapter Two reviews the impact on retirement decisions of forced savings, the use of an earnings or retirement test, mandated annuitization, recognizing heterogeneity in both life expectancy and possibly in risk classification for annuity pricing, and treatment of the family, particularly the use of joint-life annuitization. Also reviewed is the impact on labor supply at younger ages, considering mandatory savings and annuitization, contrasting defined benefit and defined contribution systems, and analysing alternative approaches to redistribution within social security. The final chapter covers issues of aggregate capital accumulation and risk-sharing, with the latter including the risks in annuitization, in the returns to capital, and in aggregate earnings
Taxation, incomplete markets, and social security : the 2000 Munich lectures by Peter A Diamond( Book )

21 editions published between 2003 and 2011 in 3 languages and held by 362 WorldCat member libraries worldwide

The focus is on the degree of progressivity desirable in social security and the design of incentives to delay retirement beyond the earliest age of eligibility for benefits. Before analyzing these models, Diamond presents introduction to optimal income tax theory and the theory of incomplete markets
Pension reform : a short guide by Nicholas Barr( Book )

18 editions published between 2009 and 2010 in English and held by 113 WorldCat member libraries worldwide

This book is an abridgement of the authors' Reforming Pensions: Principles and Policy Choices, 2008. It begins with the introduction to the earlier book, includes the concluding chapters to the sections on principles and on policy choices and the concluding policy chapter to the book. It summarizes the Chile and China chapters into a section of five pages. It presents material from some of the boxes of the longer book. While the longer book remains as a detailed analysis of pension reform, this new, shorter book conveys the message and conclusions to policy makers, journalists writing for the general public, and students being introduced to social security and other pension policy. The topic being condensed and summarized here is described at length in the earlier book. It stems from rapidly changing economic conditions and dramatic increases in life expectancy. Newspaper headlines across the globe anticipate again and again a massive rupture of social security and retirement systems. With public fears on the rise, officials in many countries under pressure to solve problems quickly are turning their backs on traditional pay-as-you-go systems in favor of privately financed retirement plans. The authors demonstrate that in the age of globalization these problems are no longer simply domestic problems. Because trade borders are becoming increasingly open and digital transactions are hastily erasing national economic boundaries, countries are no longer able to act independently in setting pension policies. These problems are particularly exacerbated in China, a state where massive restructuring of state-owned enterprises and comparatively recent dynamic entry into global markets have already taxed a system whose enormous burden is to support the retirement of the world's largest national population. The authors address these issues in a survey of pension economic principles and application to China
Social security and retirement in the U.S. by Peter A Diamond( Book )

14 editions published in 1997 in English and held by 80 WorldCat member libraries worldwide

The largest entitlement program in the United States today is the Social Security program (SS). We provide an overview of the interaction between the SS system and retirement behavior. We begin by documenting historical trends in labor force participation and program receipt, and contemporaneous patterns of work and income receipt for the current cohort of older persons. We then present an overview of the structure of the SS program in the U.S., and review existing evidence on the relationship between SS and retirement. Finally, we present results of a simulation model which measures the implicit tax/subsidy rate on work after age 55 through the SS system. We find that, for married workers, the system is roughly neutral with respect to work after age 62, but that it heavily penalizes work after age 65. But there are larger tax rates on single workers and on high earning workers
Administrative costs and equilibrium charges with individual accounts by Peter A Diamond( Book )

14 editions published in 1999 in English and held by 75 WorldCat member libraries worldwide

There are many individual account proposals. For government-organized accounts, the government arranges for both record-keeping and investment management. For privately-organized accounts, individuals directly select private firms to do these tasks. The government spreads the costs of government-organized accounts among accounts, outside sources of revenue, employers and workers. With privately-organized accounts, equilibrium prices reflect selling costs as well as administrative costs. Thus, government-organized accounts are organized on a group basis while privately-organized accounts are organized on an individual basis. In financial and insurance markets generally, the group and individual markets function very differently and yield different pricing structures. The paper describes a low cost/low services government-organized plan and estimates that it might cost $40-50 per worker per year. The nature of equilibrium with privately-organized accounts is discussed, with the conclusion that the costs would be very high compared to the cost of government organization
Annuities and individual welfare by Thomas Davidoff( Book )

13 editions published between 2003 and 2005 in English and held by 58 WorldCat member libraries worldwide

This paper advances the theory of annuity demand. First, we derive sufficient conditions under which complete annuitization is optimal, showing that this well-known result holds true in a more general setting than in Yaari (1965). Specifically, when markets are complete, sufficient conditions need not impose exponential discounting, intertemporal separability or the expected utility axioms; nor need annuities be actuarially fair, nor longevity risk be the only source of consumption uncertainty. All that is required is that consumers have no bequest motive and that annuities pay a rate of return for survivors greater than those of otherwise matching conventional assets, net of administrative costs. Second, we show that full annuitization may not be optimal when markets are incomplete. Some annuitization is optimal as long as conventional asset markets are complete. The incompleteness of markets can lead to zero annuitization but the conditions on both annuity and bond markets are stringent. Third, we extend the simulation literature that calculates the utility gains from annuitization by considering consumers whose utility depends both on present consumption and a "standard-of-living" to which they have become accustomed. The value of annuitization hinges critically on the size of the initial standard-of-living relative to wealth. Keywords: Annuities, Annuitization, Social Security, Pensions, Longevity Risk, Insurance, Standard-of-living, Habit. JEL Classification: D11, D91, E21, H55, J14, J26
Privatization of social security : lessons from Chile by Peter A Diamond( Book )

13 editions published in 1993 in English and held by 56 WorldCat member libraries worldwide

In Chile, all covered workers must place 10% of monthly earnings in a savings account with a highly regulated intermediary that manages a single fund and provides survivors and disability insurance. Workers pay a commission charge, in addition to the mandatory 10%, to finance this insurance and to cover the costs and profits of the intermediaries. On becoming eligible to receive benefits, a worker can choose between a sequence of phased withdrawals and a real annuity. In addition, there is a sizable guaranteed minimum pension. Unlike the purchased annuities, the minimum pension is not indexed, but adjusted by the government from time to time. The Chilean reform gets high marks for defending the system from political risk and for its effects on capital accumulation and on the functioning of the capital market. The Chilean reform gets low marks for the provision of insurance and for administrative cost. Perhaps the most surprising aspect of the Chilean reform is the high cost of running a privatized social security system, higher than the 'inefficient' system that it replaced. Valdes-Prieto has estimated that the average administrative charge per effective affiliate while active is U.S. $89.10 per year (for 1991) which is 2.94% of average taxable earnings. This is close to 30% of the 10% mandatory savings rate. The cost per person is not far from costs observed in other privately-managed pension systems, such as defined- benefit private pensions in the U.S. However, it compares unfavorably with administrative costs in well-run unified government managed systems. The issue here is the administrative efficiency of reliance
Pensions for an aging population by Peter A Diamond( Book )

8 editions published in 2005 in English and held by 36 WorldCat member libraries worldwide

After presenting the Gruber-Wise analysis showing a strong effect on retirement of implicit taxes from pension rules, it is shown that there is no effect of these implicit taxes on unemployment. This supports the argument for avoiding high implicit taxes on continued work. Also discussed are methods for adjusting benefits and taxes for increases in life expectancy, with particular attention to increasing "the retirement age." Calculations are presented showing the decreases in benefits for an increase in the normal retirement age in the US and the years of service for a full benefit in France
Progettare un buon sistema pensionistico : conferenza sullo stato sociale, Roma, 18 guigno 2004 = Designing a good pension system : conference on the welfare state, Rome 18 June 2004 by Peter A Diamond( Book )

12 editions published between 2004 and 2005 in Italian and English and held by 34 WorldCat member libraries worldwide

Cyclical unemployment, structural unemployment by Peter A Diamond( Book )

13 editions published in 2013 in English and held by 19 WorldCat member libraries worldwide

Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores issues in that proxy relationship that complicate such analyses. Also discussed is the concept of mismatch
On the economics of tourism by Peter A Diamond( Book )

3 editions published in 1969 in English and held by 18 WorldCat member libraries worldwide

Reforming pensions : myths, truths, and policy choices by N. A Barr( Book )

6 editions published between 2008 and 2009 in English and held by 17 WorldCat member libraries worldwide

This article, based on two books (2008, forthcoming), sets out principles for pension design: pension systems have multiple objectives, analysis should consider the pension system as a whole, analysis should be in a second-best context, different systems share risks differently and have different effects by generation and by gender. The article considers policy implications: there is no single best pension design; earlier retirement does not reduce unemployment; unsustainable pension promises should be addressed directly; adding funding in a PAYG mandatory system may or may not be welfare improving; and implementation matters design should not exceeds a country’s capacity to implement
Capital income taxes with heterogeneous discount rates by Peter A Diamond( Book )

9 editions published between 2009 and 2010 in English and held by 12 WorldCat member libraries worldwide

With heterogeneity in both skills and preferences for the future, the Atkinson-Stiglitz result that savings should not be taxed with optimal taxation of earnings does not hold. On average people with higher skills save at higher rates. Saez (2002) suggests that with such positive correlation taxing savings can increase welfare. This paper analyzes this issue in a model with less than perfect correlation between ability and preference for the future. To have multiple types at the same earnings level, the number of types of jobs in the economy is restricted. Key to the analysis is that types who value future consumption less are more tempted to switch to a lower earning job. We show that introducing both a small savings tax on the high earners and a small savings subsidy on the low earners increase welfare, regardless of the correlation between ability and preferences for the future. However, introducing a uniform savings tax, as in the Nordic dual income tax, increases welfare only if that correlation is sufficiently high. There are also some results on optimal linear taxes that parallel the results on introducing small taxes
Estimating the real rate of return on stocks over the long term papers by John Y Campbell( )

1 edition published in 2001 in English and held by 0 WorldCat member libraries worldwide

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Behavioral economics and its applications
Alternative Names
Diamond, P.

Diamond, P. 1940-

Diamond, P. A.

Diamond, P. A. 1940-

Diamond, P. (Peter A.)

Diamond, P. (Peter A.), 1940-

Diamond Peter

Diamond, Peter 1940-

Diamond, Peter Arthur 1940-

Peter A. Daimond

Peter A. Diamond

Peter A. Diamond Amerikaans econoom

Peter A. Diamond amerikansk ekonom

Peter A. Diamond US-amerikanischer Wirtschaftswissenschaftler

Peter Arthur Diamond

Peter Diamond amerikansk økonom

Peter Diamond economista statunitense

Peter Diamond économiste américain

Petrus Diamond

Piter Daymond

Даймонд, Питер

Пітер Артур Даймонд

Пітэр Дайманд

Փիթեր Դայմոնդ

פיטר דיאמונד

بيتر دايموند

پیتر ای. دیاموند اقتصاددان آمریکایی

پیٹر ڈائمنڈ

পিটার আর্থার ডায়মন্ড

პიტერ დაიმონდი

피터 다이아몬드



English (274)

Italian (10)

Chinese (2)

Behavioral economics and its applicationsGrowth, productivity, unemployment : essays to celebrate Bob Solow's birthdayOn time : lectures on models of equilibriumReforming pensions : principles and policy choicesSocial security reformTaxation, incomplete markets, and social security : the 2000 Munich lecturesPension reform : a short guideReforming pensions : myths, truths, and policy choices