WorldCat Identities

Diamond, Peter A.

Works: 203 works in 631 publications in 1 language and 15,846 library holdings
Genres: Conference proceedings 
Roles: Author, Editor, Other
Classifications: HD7125, 368.4300973
Publication Timeline
Most widely held works by Peter A Diamond
Saving Social security : a balanced approach by Peter A Diamond( Book )

25 editions published between 2004 and 2005 in English and held by 1,104 WorldCat member libraries worldwide

Uncertainty in economics : readings and exercises by Peter A Diamond( Book )

35 editions published between 1978 and 2014 in English and Undetermined and held by 812 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( Book )

11 editions published between 2007 and 2011 in English and held by 572 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. Peter Diamond and Hannu Vartiainen's Behavioral Economics and Its Applications argues 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
Social security : what role for the future?( Book )

13 editions published in 1996 in English and held by 527 WorldCat member libraries worldwide

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 447 WorldCat member libraries worldwide

Selección de trabajos sobre teoría del crecimiento económico y la productividad industrial, y su relación e influencia en el desempleo
Issues in privatizing Social Security : report of an expert panel of the National Academy of Social Insurance by National Academy of Social Insurance (U.S.)( Book )

13 editions published in 1999 in English and held by 412 WorldCat member libraries worldwide

"This study addresses many important aspects of these politically charged proposals. The questions discussed include: Should Social Security have more advance funding? Should Social Security funds be invested in the stock market? If investments are organized by the government, what independent institutions would shield portfolio decisions and corporate governance from political pressures? If investments are privately organized, what would be the regulatory structure? Finally should Social Security include individual defined-contribution accounts or stay with traditional defined benefits?"--Jacket
A search-equilibrium approach to the micro foundations of macroeconomics by Peter A Diamond( Book )

12 editions published in 1984 in English and held by 389 WorldCat member libraries worldwide

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

18 editions published between 1994 and 2009 in English and held by 389 WorldCat member libraries worldwide

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

19 editions published between 2008 and 2009 in English and held by 385 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 )

15 editions published between 2001 and 2010 in English and Undetermined and held by 366 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 )

16 editions published between 2003 and 2005 in English and held by 351 WorldCat member libraries worldwide

In this book Peter Diamond analyzes social security as a particular example of optimal taxation theory. Assuming a world of incomplete markets and asymmetric information, he uses a variety of simple models to illuminate the economic forces that bear on specific social security policy issues. 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 introductions to optimal income tax theory and the theory of incomplete markets. He incorporates recent theoretical developments such as time-inconsistent preferences into his analyses and shows that distorting taxes and a measure of progressivity in benefits are desirable. Diamond also discusses social security reform, with a focus on Germany
Pension reform : a short guide by N. A Barr( Book )

19 editions published between 2009 and 2010 in English and held by 110 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 )

13 editions published in 1997 in English and held by 75 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
The economics of social security reform by Peter A Diamond( Book )

9 editions published in 1998 in English and held by 74 WorldCat member libraries worldwide

Abstract: Economic analysis centers on three questions whether to have a mixed defined contribution (DC)/defined benefit (DB) plan and how to invest the funding. The paper compares a DB funded plan with a funded DC plan without any individual choice. The paper then considers individu choice about benefits, with particular attention to widows. Portfolio choice is considered for a central fund and in individual accounts, particularly the costs of implementation, as are the implications of greater funding. The implications for the labor market are examined. The major economic issues are not controversial. More funding involves higher taxes (or lower benefits) in the near-term in order to have lower taxes (or higher benefits) in the long run. More funding can reduce the frequency of needed adjustments to Social Security and can increase national savings. These economic effects are similar with or without individual accounts, although the politics will differ. The financial advantage of a diversified portfolio applies to a central fund, whether for a DC or a DB. Indeed, a DB that adjusts well handles risk better than a DC. Economically, the case for diversification is clear, but political questions arise about investing well and avoiding improper interference in corporate governance. Individual accounts respond to political concerns and allow diversity in individual portfolios but add to administrative costs and raise questions about the quality of individual investment decisions. They also raise the political question of maintaining redistribution. It is unclear whether individual accounts would make the labor market more or less efficient. My bottom line is that a well-run DB system is economically more efficient than a mixed DC/DB system. The real issue then becomes how well the US government could run either system
Administrative costs and equilibrium charges with individual accounts by Peter A Diamond( Book )

13 editions published in 1999 in English and held by 70 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
Insulation of pensions from political risk by Peter A Diamond( Book )

14 editions published in 1994 in English and held by 63 WorldCat member libraries worldwide

There are many sources of political risk to public provision of pensions. This paper analyzes legislation to alter the retirement income system. This approach naturally recognizes that some changes in the system are good responses to social risks, while others generate such risks. Thus the discussion is in terms of the effect of institutional structure on the likelihood of alternative legislative actions. Particular attention is paid to the roles of automatic pension adjustment and pension professionals in providing insulation. Briefly touched upon is the tendency of legislation to redistribute as a function of the type of system being created
Annuities and individual welfare by Thomas Davidoff( Book )

14 editions published between 2003 and 2005 in English and held by 59 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
Social security investment in equities I : linear case by Peter A Diamond( Book )

8 editions published in 1999 in English and held by 58 WorldCat member libraries worldwide

Abstract: Social Security trust fund portfolio diversification to include some equities reduces the equity premium by raising the safe real interest rate. This requires changes in taxes. Under the hypothesis of constant marginal returns to risky investments, trust fund diversification lowers the price of land, increases aggregate investment, and raises the sum of household utilities, suitably weighted. It makes workers who do not own equities on their own better off, though it may hurt some others since changed taxes and asset values redistribute wealth across contemporaneous households and across generations. In our companion paper we reconsider the effects of diversification when there are decreasing marginal returns to safe and risky investment. Our analysis uses a two-period overlapping generations general equilibrium model with two types of agents, savers and workers who do not save. The latter represent approximately half of all workers who hold no equities whatsoever
An assessment of the proposals of the President's Commission to Strengthen Social Security by Peter A Diamond( Book )

13 editions published in 2002 in English and held by 56 WorldCat member libraries worldwide

Two of the Social Security Commission's plans restore actuarial balance without their individual accounts, primarily or entirely through benefit reductions. Both have voluntary carve-out individual accounts, with one requiring (subsidized) add-on contributions for opening accounts. "Liability accounts" track diverted payroll taxes (with interest) and are repaid by reducing traditional benefits. The diverted payroll worsens Trust Fund finances because the liability accounts carry sub-market interest rates and because of cash-flow problems. If all eligible workers (two-thirds) open accounts, general revenue transfers over 75 years are 1.2 to 1.5 (0.8 to 1.2) percent of payroll. Preserving disability benefits at their scheduled levels raises transfers to 1.5 to 1.7 (1.1 to 1.3) percent. Nevertheless, expected combined benefits are significantly reduced (and risk-adjusted benefits more so). In 75 years, account assets are 53 to 66 (35 to 44) percent of GDP, and liability accounts exceed 20 (15) percent of GDP. Keywords: Social security, individual accounts, actuarial balance. JEL Classifications: H55, E62
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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Saving Social security : a balanced approach
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 A. 1940-

Diamond, Peter Arthur 1940-

Peter A. Daimond

Peter A. Diamond

Peter A. Diamond amerikansk ekonom

Peter A. Diamond US-amerikanischer Wirtschaftswissenschaftler

Peter Arthur Diamond

Peter Diamond amerikansk konom

Peter Diamond economista statunitense

Peter Diamond conomiste amricain

Petrus Diamond

Piter Daymond

Даймонд, Питер

Пітер Артур Даймонд

Пітэр Дайманд

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פיטר דיאמונד

بيتر دايموند

پیتر ای. دیاموند اقتصاددان آمریکایی

পিটার আর্থার ডায়মন্ড

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English (302)

Uncertainty in economics : readings and exercisesBehavioral economics and its applicationsGrowth, productivity, unemployment : essays to celebrate Bob Solow's birthdayIssues in privatizing Social Security : report of an expert panel of the National Academy of Social InsuranceOn 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 guide