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Journal Article
Is there a shortfall in public capital investment? An overview
This article summarizes the Banks economic conference held in June 1990. The conference aimed to determine the extent to which the United States may be underinvesting in public infrastructure, explain the potential economic consequences, and suggest mechanisms to help alleviate any adverse trends. It focused on public investment in physical capital only to make the topic manageable, and should not be interpreted to mean that investment in human capital is in any way less important. ; Two quite different perspectives on the need for more infrastructure investment emerge from the discussion. On ...
Monograph
The labor supply of older American men
This chapter summarizes what is known about the labor supply of older American men, defined as those aged 55 years and over. The topic is of great interest because in the coming decades older individuals will comprise a much greater portion of the U.S. population, so the labor supply of older adults will have a significant impact on national output, tax revenues, and the cost of means-tested programs. Most importantly, a greater proportion of older individuals will need to remain in the workforce than is the present case, because the retirement income system is contracting and working longer ...
Journal Article
It's time to tax employee benefits
Conference Paper
The labor supply of older American men
This chapter summarizes what is known about the labor supply of older American men, defined as those aged 55 years and over. The topic is of great interest because in the coming decades older individuals will comprise a much greater portion of the U.S. population, so the labor supply of older adults will have a significant impact on national output, tax revenues, and the cost of means-tested programs. Most importantly, a greater proportion of older individuals will need to remain in the workforce than is the present case, because the retirement income system is contracting and working longer ...
Conference Paper
How does public infrastructure affect regional economic performance?
Journal Article
Public versus private provision of retirement income
Journal Article
Lessons from the income maintenance experiments: an overview
Journal Article
Massachusetts in the 1990s: the role of state government
Why another study of Massachusetts state government? In the past year, two Commissions established by the Governor have submitted reports, nonprofit citizen groups have come forth with lists of suggested reforms, and the legislature has had its own proposals. The goal of the study described here is quite different. Rather than offering solutions to the immediate budget problems, this study examines the major expenditures of state government and the forces that caused them to grow so rapidly in Massachusetts during the 1980s. ; For the most part, the Commonwealth has been spending revenues on ...
Journal Article
Should the U.S. government issue index bonds?