WorldCat Identities

Diamond, Peter A.

Works: 90 works in 193 publications in 2 languages and 1,897 library holdings
Genres: Conference proceedings 
Roles: Author, Editor, Corrector
Classifications: HD7125, 368.4300973
Publication Timeline
Most widely held works about Peter A Diamond
Most widely held works by Peter A Diamond
Behavioral economics and its applications by Peter A Diamond( Book )
11 editions published between 2007 and 2011 in English and held by 598 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 )
11 editions published between 1990 and 1993 in English and held by 445 WorldCat member libraries worldwide
On time : lectures on models of equilibrium by Peter A Diamond( Book )
17 editions published between 1994 and 2009 in English and held by 398 WorldCat member libraries worldwide
Pension reform : a short guide by N. A Barr( )
19 editions published between 2009 and 2010 in English and held by 201 WorldCat member libraries worldwide
This is an abridgement of Barr and Diamond's 'Reforming Pensions: Principles and Policy Choices' (OPU, 2008), a larger book that is intended for policy makers and as a supplement in college courses
Uncertainty in economics : readings and exercises by Peter A Diamond( Book )
15 editions published between 1978 and 2014 in English and Undetermined and held by 53 WorldCat member libraries worldwide
Individual choice in a static setting; General equilibrium in a static setting; Sequential choice and equilibrium with limited information
The flow approach to labor markets by Olivier Blanchard( )
3 editions published in 1992 in English and held by 19 WorldCat member libraries worldwide
The "flow approach" to labor markets builds up from the flows of workers and of jobs. It is based on three essential components, a specification of labor demand in terms of flows of job creation/destruction, a process of matching between workers and firms, and a process of wage determination where wages depend on the labor market prospects of employed workers and firms, We think that this approach gives the right basic picture of unemployment and unemployment dynamics, and of the relation between wage movements and the state of the labor market. The additional richness it naturally delivers also captures important implications of labor market mechanisms for macroeconomics. Finally, its structure is realistic enough to allow for a productive interaction with - and use of - micro-work and micro-evidence in both labor and product markets. This paper shows the structure of the approach and some of its implications. The first section develops a barebone model; the second adds the flesh
Ranking, unemployment duration, and wages by Olivier Blanchard( )
1 edition published in 1990 in English and held by 17 WorldCat member libraries worldwide
Abstract: threat point for the Nash bargained wage being a worker with zero unemployment
Rational Expectations Business Cycles in Search Equilibrium ( )
1 edition published in 1996 in English and held by 16 WorldCat member libraries worldwide
These data and/or computer programs are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the INVESTIGATOR(S) if further information is desired
Social security reform by Peter A Diamond( )
3 editions published between 2001 and 2002 in English and held by 14 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
Social security and retirement in the U.S. by Peter A Diamond( Book )
6 editions published in 1997 in English and held by 12 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
Insulation of pensions from political risk by Peter A Diamond( Book )
5 editions published in 1994 in English and held by 6 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
Saving Social security a balanced approach by Peter A Diamond( Book )
2 editions published between 2004 and 2005 in English and held by 6 WorldCat member libraries worldwide
La reforma necesaria : el futuro de las pensiones by N. A Barr( Book )
1 edition published in 2012 in Spanish and held by 6 WorldCat member libraries worldwide
Social security investment in equities I : linear case by Peter A Diamond( )
4 editions published in 1999 in English and held by 5 WorldCat member libraries worldwide
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
Administrative costs and equilibrium charges with individual accounts by Peter A Diamond( )
5 editions published in 1999 in English and held by 5 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
Privatization of social security : lessons from Chile by Peter A Diamond( )
6 editions published in 1993 in English and held by 5 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
Delays in claiming Social Security benefits by Courtney Coile( )
4 editions published between 1999 and 2000 in English and held by 4 WorldCat member libraries worldwide
This paper focuses on Social Security benefit claiming behavior, a take-up decision that has been ignored in the previous literature. Using financial calculations and simulations based on an expected utility maximization model, we show that delaying benefit claim for a period of time after retirement is optimal in a wide variety of cases and that gains from delay may be significant. We find that approximately 10% of men retiring before their 62nd birthday delay claiming for at least one year after eligibility. We estimate hazard and probit models using data from the New Beneficiary Data System to test four cross-sectional predictions. While the data suggest that too few men delay, we find that the pattern of delays by early retirees is generally consistent with the hypotheses generated by our theoretical model
Reforma de las pensiones principios, errores analíticos y orientaciones políticas by N. A Barr( )
1 edition published in 2009 in Spanish and held by 3 WorldCat member libraries worldwide
Annuities and individual welfare by Thomas Davidoff( Book )
1 edition published in 2003 in English and held by 3 WorldCat member libraries worldwide
Abstract: 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 which they have become accustomed. The value of annuitization hinges critically on the size of the initial standard-of-living relative to wealth
moreShow More Titles
fewerShow Fewer Titles
Audience Level
Audience Level
  Kids General Special  
Audience level: 0.72 (from 0.00 for Multiple e ... to 0.95 for Ranking, u ...)
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-
English (115)
Spanish (2)