James M Poterba's Books

The Role of Annuity Markets in Financing Retirement

By: Jeffrey R. Brown,Olivia S. Mitchell,James M. Poterba,Mark J. Warshawsky

Write a review Read reviews Take a Quiz Solve Book Puzzle

The Role of Annuity Markets in Financing Retirement

By: Jeffrey R. Brown,Olivia S. Mitchell,James M. Poterba,Mark J. Warshawsky

Annuity insurance products help protect retirees against outliving their incomes. Dramatic advances in life expectancy mean that today's retirees must plan on living into their eighties, their nineties, and even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can play in helping people protect themselves against such outcomes. A life annuity is an insurance product that pays out a periodic amount for as long as the annuitant is alive, in exchange for a premium. The book begins with a history of life annuity markets during the twentieth century in the United States and elsewhere. It then explores recent trends in annuity pricing and money's worth, as well as the economic value generated for purchasers of these products. The book explains the potential importance of inflation-protected annuities and stock-market-linked variable annuities in providing more complete retirement security. The concluding chapters examine life annuities in various institutional settings and the tax treatment of annuity products.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

248

Publisher

MIT Press

Published Date

ISBN 10

0262261693

ISBN 13

9780262261692

Public Debt and the Common Good

Philosophical and Institutional Implications of Fiscal Imbalance

By: James Odom

Write a review Read reviews Take a Quiz Solve Book Puzzle

Public Debt and the Common Good

Philosophical and Institutional Implications of Fiscal Imbalance

By: James Odom

The American national debt stands at $20.49 trillion as of January 2018, or roughly $63,000 for every person in the United States. The national debt has grown six-fold in the past 25 years, and borrowing only has accelerated in recent administrations. What are the factors driving such unrestrained borrowing? Is American fiscal policy different now than in an earlier era? Is there a moral dimension to public debt and, if so, how can that dimension be measured? Public Debt and the Common Good addresses these and other questions by looking to the fiscal policy of the American states. Drawing on classical themes and the longest quantitative review of state debt in the literature, James Odom expertly integrates institutional analysis with dimensions of culture to define the parameters of political freedom in a theoretically coherent way. In doing so, Odom argues that centralization and injustice, or the incapacity for the common good, can help explain state indebtedness. Contributing to ongoing scholarly debates on public debt theory, this book will be of interest to students, scholars, and practitioners who work at the intersection of political philosophy and economics, as well as those who specialize in state public policy, state politics, and federalism more generally.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

201

Publisher

Routledge

Published Date

ISBN 10

0429866399

ISBN 13

9780429866395

Infrastructure as Business

The Role of Private Investment Capital

By: James McKellar

Write a review Read reviews Take a Quiz Solve Book Puzzle

Infrastructure as Business

The Role of Private Investment Capital

By: James McKellar

Infrastructure as Business brings new emphasis and clarity to the importance of private investment capital in large-scale infrastructure projects, introducing investors, policymakers, and other stakeholders to a key element that is surprisingly absent from the discourse on public-private partnerships. Despite the importance of modernizing infrastructure across the globe, governments often face challenges in securing the necessary capital to meet future need, as well as developing policy to meet these goals. Explaining the structure of the private investment universe and flow of private capital in such projects, this book ambitiously aims to bridge this "infrastructure gap" by elucidating shared terminology, conceptual frameworks, and an alignment of goals and objectives between public and private sectors—essential to meet increasing environmental, social, and governmental requirements for infrastructure in coming years. Appropriate for graduate-level courses in real estate, public policy, and urban planning that focus on infrastructure, project finance, and procurement and delivery models such as PPPs. Provides a clear understanding of private investment and PPPs to the investment community as well as professionals in real estate, project finance, and related fields, who often learn mostly on-the-job and from colleagues. Equips government officials and policymakers with key terms and concepts needed to "sit across the table" with private financers and explore opportunities for private capital investment in early project stages. Outlines communication strategies for both public and private sectors, which will increasingly need to collaborate to address climate change, respond to new technologies, and develop efficient ways to deliver services. Written to engage academic, private investment, and public policy/governance audiences alike, Infrastructure as Business: The Role of Private Investment Capital invites discussion and opens doors to advancing new business models, with international applications, to offer increased value for private investors as well as more efficient, flexible funding for innovative infrastructure development in the future.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

253

Publisher

Taylor & Francis

Published Date

ISBN 10

1000930521

ISBN 13

9781000930528

Econophysics and Capital Asset Pricing

Splitting the Atom of Systematic Risk

By: James Ming Chen

Write a review Read reviews Take a Quiz Solve Book Puzzle

Econophysics and Capital Asset Pricing

Splitting the Atom of Systematic Risk

By: James Ming Chen

This book rehabilitates beta as a definition of systemic risk by using particle physics to evaluate discrete components of financial risk. Much of the frustration with beta stems from the failure to disaggregate its discrete components; conventional beta is often treated as if it were "atomic" in the original Greek sense: uncut and indivisible. By analogy to the Standard Model of particle physics theory's three generations of matter and the three-way interaction of quarks, Chen divides beta as the fundamental unit of systemic financial risk into three matching pairs of "baryonic" components. The resulting econophysics of beta explains no fewer than three of the most significant anomalies and puzzles in mathematical finance. Moreover, the model's three-way analysis of systemic risk connects the mechanics of mathematical finance with phenomena usually attributed to behavioral influences on capital markets. Adding consideration of volatility and correlation, and of the distinct cash flow and discount rate components of systematic risk, harmonizes mathematical finance with labor markets, human capital, and macroeconomics.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

293

Publisher

Springer

Published Date

ISBN 10

3319634658

ISBN 13

9783319634654

The Future of Private Sector Unionism in the United States

By: James T. Bennett,Bruce E. Kaufman

Write a review Read reviews Take a Quiz Solve Book Puzzle

The Future of Private Sector Unionism in the United States

By: James T. Bennett,Bruce E. Kaufman

A study of the long-term decline of the labour movement in America, exploring the outlook for labour and unions in the 21st century. There are insights from contributors from a range of backgrounds - academic and non-academic, domestic and foreign, pro- and anti-union.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

483

Publisher

Routledge

Published Date

ISBN 10

131549907X

ISBN 13

9781315499079

Finance and the Behavioral Prospect

Risk, Exuberance, and Abnormal Markets

By: James Ming Chen

Write a review Read reviews Take a Quiz Solve Book Puzzle

Finance and the Behavioral Prospect

Risk, Exuberance, and Abnormal Markets

By: James Ming Chen

This book explains how investor behavior, from mental accounting to the combustible interplay of hope and fear, affects financial economics. The transformation of portfolio theory begins with the identification of anomalies. Gaps in perception and behavioral departures from rationality spur momentum, irrational exuberance, and speculative bubbles. Behavioral accounting undermines the rational premises of mathematical finance. Assets and portfolios are imbued with “affect.” Positive and negative emotions warp investment decisions. Whether hedging against intertemporal changes in their ability to bear risk or climbing a psychological hierarchy of needs, investors arrange their portfolios and financial affairs according to emotions and perceptions. Risk aversion and life-cycle theories of consumption provide possible solutions to the equity premium puzzle, an iconic financial mystery. Prospect theory has questioned the cogency of the efficient capital markets hypothesis. Behavioral portfolio theory arises from a psychological account of security, potential, and aspiration.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

350

Publisher

Springer

Published Date

ISBN 10

3319327119

ISBN 13

9783319327112

What Government Can Do

Dealing with Poverty and Inequality

By: Benjamin I. Page,James R. Simmons

Write a review Read reviews Take a Quiz Solve Book Puzzle

What Government Can Do

Dealing with Poverty and Inequality

By: Benjamin I. Page,James R. Simmons

At the same time, Page and Simmons show how even more could be - and should be - accomplished."--BOOK JACKET.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

848

Publisher

University of Chicago Press

Published Date

ISBN 10

0226644820

ISBN 13

9780226644820

White House Burning

The Founding Fathers, Our National Debt, and Why It Matters to You

By: Simon Johnson,James Kwak

Write a review Read reviews Take a Quiz Solve Book Puzzle

White House Burning

The Founding Fathers, Our National Debt, and Why It Matters to You

By: Simon Johnson,James Kwak

America is mired in debt—more than $30,000 for every man, woman, and child. Bitter fighting over deficits, taxes, and spending bedevils Washington, D.C., even as partisan gridlock has brought the government to the brink of default. Yet the more politicians on both sides of the aisle rant and the citizenry fumes, the more things seem to remain the same. In White House Burning, Simon Johnson and James Kwak—authors of the national best seller 13 Bankers and cofounders of The Baseline Scenario, a widely cited blog on economics and public policy—demystify the national debt, explaining whence it came and, even more important, what it means to you and to future generations. They tell the story of the Founding Fathers’ divisive struggles over taxes and spending. They chart the rise of the almighty dollar, which makes it easy for the United States to borrow money. They account for the debasement of our political system in the 1980s and 1990s, which produced today’s dysfunctional and impotent Congress. And they show how, if we persist on our current course, the national debt will harm ordinary Americans by reducing the number of jobs, lowering living standards, increasing inequality, and forcing a sudden and drastic reduction in the government services we now take for granted. But Johnson and Kwak also provide a clear and compelling vision for how our debt crisis can be solved while strengthening our economy and preserving the essential functions of government. They debunk the myth that such crucial programs as Social Security and Medicare must be slashed to the bone. White House Burning looks squarely at the burgeoning national debt and proposes to defuse its threat to our well-being without forcing struggling middle-class families and the elderly into poverty. Carefully researched and informed by the same compelling storytelling and lucid analysis as 13 Bankers, White House Burning is an invaluable guide to the central political and economic issue of our time. It is certain to provoke vigorous debate.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

369

Publisher

Vintage

Published Date

ISBN 10

0307907120

ISBN 13

9780307907127

Book's by James M Poterba

The Role of Annuity Markets in Financing Retirement

The Role of Annuity Markets in Financing Retirement

Public Debt and the Common Good

Public Debt and the Common Good

Infrastructure as Business

Infrastructure as Business

Econophysics and Capital Asset Pricing

Econophysics and Capital Asset Pricing

The Future of Private Sector Unionism in the United States

The Future of Private Sector Unionism in the United States

Finance and the Behavioral Prospect

Finance and the Behavioral Prospect

What Government Can Do

What Government Can Do

White House Burning

White House Burning

Username

Password

Username

Password

Password again

Birthday

Email