Discussion Paper
Incentive compensation in the banking industry: insights from economic theory
Phelan, Christopher; Clement, Douglas (2009)
How can banks and similar institutions design optimal compensation systems? Would such systems conflict with the goals of society? This paper considers a theoretical framework of how banks structure job contracts with their employees to explore three points: the structure of a socially optimal compensation system; the structure of a compensation system that is privately optimal, given the reality of government-guaranteed bank debt; and policy interventions that can lead from the second structure to the first. Analysis reveals a potential policy option: providing proper incentives to banks by ...
Economic Policy Paper , Paper 09-1

Journal Article
Busted? The boom in prison growth is slowing as crime rates decline, budgets tighten and policymakers consider alternatives
Clement, Douglas (2002-01)
Fedgazette , Volume 14 , Issue Jan , Pages 7

Journal Article
After the flood: flood insurance and wetlands restoration are two policies that hold both promise and problems for flood control. Will they be able to handle the next disaster?
Clement, Douglas (2001-11)
Fedgazette , Volume 13 , Issue Nov , Pages 8-11

Journal Article
Dam it all: Dams and levees are the usual answer to flooding, but they're not always the right answer. So why do we keep building them?
Clement, Douglas (2001-09)
Fedgazette , Volume 13 , Issue Sep , Pages 4-5

Journal Article
Gambling: A sure thing?
Clement, Douglas (2003-03)
An in-depth look at Ninth District gambling, from state lotteries to Indian casinos to Internet gambling.
Fedgazette , Volume 15 , Issue Mar , Pages 1

Journal Article
Taking food from mouths?
Clement, Douglas (2003-03)
Do lottery tickets and other forms of gambling compete with essentials in the household budget? Yes, says a recent economic analysis, but that's not necessarily a bad thing.
Fedgazette , Volume 15 , Issue Mar , Pages 5

Journal Article
Why 65?
Clement, Douglas (2004-03)
Origins of the official retirement age, current trends and policies in other countries
Fedgazette , Volume 16 , Issue Mar , Pages 6-7

Journal Article
Graying of the Ninth
Clement, Douglas (2004-03)
Ninth District counties are older than most. Terms like "demographic time bomb" exaggerate the situation, but our aging population presents significant economic challenges-and opportunities
Fedgazette , Volume 16 , Issue Mar , Pages 1

Journal Article
Power struggle: deregulation, once seen as inevitable in the electric industry, is now on the backburner in most Ninth District states
Clement, Douglas (2001-01)
Fedgazette , Volume 13 , Issue Jan , Pages 1

Journal Article
Out of harm's way: the new wave in flood control is getting rid of the problem: us
Clement, Douglas (2001-09)
Fedgazette , Volume 13 , Issue Sep , Pages 6-7