Martin S Feldstein
Dados Biográficos
| ID | 699590 |
|---|---|
| NOME | Martin S Feldstein |
| PRENOMES | Martin S |
| SOBRENOME | Feldstein |
| ASSINATURA | FELDSTEIN M S |
| AFILIAÇÕES | Professor of Economics, Harvard University, and President, National Bureau of Economic Research, both in Cambridge, Massachusetts. |
| VERIFICADO | Não |
| TOTAL DE OBRAS | 34 |
| TOTAL DE CITAÇÕES | 71 |
| TOTAL COMO AUTOR | 34 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 1963 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2013 |
| ÍNDICE H | 5 |
Handbook of Public Economics
Distinguished Lecture on Economics in Government
I am not opposed to international cooperation in all economic matters, but in this lecture, I stress the counterproductive consequences of the international coordination of macroeconomic policy. I believe that many of the claimed advantages of cooperation and coordination are wrong, that there are substantial risks and disadvantages to the types of coordination that are envisioned, and that an emphasis on international coordination can distract a…
The Effect of Federal Tax Deductibility on State and Local Taxes and Spending
This paper examines the effect of federal deductibility of state and local taxes on the fiscal behavior of state and local governments. The primary finding is that deductibility affects the way that state-local governments finance their spending as well as the overall level of spending. More specifically, in states where federal deductibility implies a relatively low cost of using deductible personal taxes (including income,sales and property tax…
Should Social Security Benefits Be Means Tested
Social-security retirement benefits distort the saving decisions of workers who are rational enough to save for their future. Since the implicit rate of return in an unfunded social-security program is less than the marginal product of capital, the resulting decline in saving causes a welfare loss. The present paper examines the conditions under which the welfare loss can be reduced by replacing the current universal social-security program with …
Social Security and Private Saving
Twas a Night in the Sixties
Personal Taxation, Portfolio Choice, and the Effect of the Corporation Income Tax
Extending the traditional treatment of the corporate tax to an economy with a progressive personal tax fundamentally changes the analysis. While the corporate tax system (CTS) does increase the total tax rate on corporate source income for some investors, the exclusion of retained earnings implies that the CTS lowers the tax rate for high-income investors. Analyzing such an economy requires replacing the traditional "equal-yield" equilibrium cond…
The Welfare Cost of Permanent Inflation and Optimal Short-Run Economic Policy
At a minimum, this paper should serve as a warning against too easy an acceptance of the view that the costs of sustained inflation are small relative to the costs of unemployment. If a temporary reduction in unemployment causes a permanent increase in inflation, the present value of the resulting future welfare costs may well exceed the temporary short-run gain. Previous analyses have underestimated the cost of a permanent increase in the inflat…
The Economics of Public Services
The United States saves too little
The Welfare Loss of Excess Health Insurance
American families are in general overinsured against health expenses. If insurance coverage were reduced, the utility loss from increased risk would be more than outweighted by the gain due to lower prices and the reduced purchase of excess care. The first part of the paper develops and estimates a structural equation for the demand for health care and then examines the dynamic interaction between the purchase of insurance and the demand and supp…
The Rising Price of Physicians' Services
The three primary conclusions of my previous study can be summarized briefly. First, there appears to be a permanent excess demand for physicians' services. The observed prices and quantities are not points on the demand function and the market does not follow a Marshallian or Walrasian process of adjustment to remove the excess demand. Second, physicians' fees rise when patients' ability to pay improves through higher income or more complete ins…
The Other Half of Gross Investment
D URING the past two decades, gross investment has on average been divided approximately equally between net capital accumulation and replacement. Because of its relation to economic growth, the process of net accumulation has received nearly all of the attention in the investment literature. However, gross investment is the important variable for aggregate demand and therefore for stabilization. Moreover, an understanding of the process of repla…
The Rising Price of Physician's Services
Inflation, Specification Bias, and the Impact of Interest Rates
Health Sector Planning in Developing Countries
One of the most visible concomitants of economic development is a fall in mortality rates and a rise in the general level of health. Good health and longevity are not only highly desired in themselves but are also important because of their potential contribution to economic welfare. Although some health improvements can exacerbate population problems, better health can also raise the rate of growth of income per capita by reducing population exp…
Choice of Technique in the Public Sector
Journal Article Choice of Technique in the Public Sector: A Simplification Get access Martin S. Feldstein Martin S. Feldstein Cambridge, Mass. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 80, Issue 320, 1 December 1970, Pages 985–990, https://doi.org/10.2307/2229934 Published: 01 December 1970
The Effects of Taxation on Risk Taking
Uncertainty and Forword Exchange Speculation
CONSIDERABLE attention has recently I ~~been given to the theory of foreign exchange operations and its implications for government policy. Central to this is the analysis of forward exchange speculation.' Although the essence of speculative behavior is the balancing of uncertainty and expected gain, the analysis of uncertainty in the current theory of forward exchange speculation has generally been less rigorous than other parts of that theory. …
Doctors and State Medicine
Alternative Methods of Estimating a CES Production Function for Britain
In recent years the elasticity of substitution between capital and labour has been recognized as a basic characteristic of the technology of an industry or an entire economy with important implications for international trade, distribution, growth and taxation. A substantial number of studies have now provided estimates of the substitution elasticity for the United States economy and for individual American industries[2, 4, 6, 7, 8, 10, 11, 12, 1…
The Effectiveness of the British Differential Profits Tax
Journal Article The Effectiveness of the British Differential Profits Tax Get access Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 77, Issue 308, 1 December 1967, Pages 947–953, https://doi.org/10.2307/2229615 Published: 01 December 1967
The Economics of Health
Journal Article H. E. Klarman. The Economics of Health Get access The Economics of Health. By H. E. Klarman. (New York and London: Columbia University Press, 1965. Pp. 200. 29s.) Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 77, Issue 305, 1 March 1967, Page 128, https://doi.org/10.2307/2229363 Published: 01 March 1967
An Aggregate Planning Model of the Health Care Sector
Cost Benefit Analysis and Investment in the Public Sector
The Welfare Loss of Excess Health Insurance
American families are in general overinsured against health expenses. If insurance coverage were reduced, the utility loss from increased risk would be more than outweighted by the gain due to lower prices and the reduced purchase of excess care. The first part of the paper develops and estimates a structural equation for the demand for health care and then examines the dynamic interaction between the purchase of insurance and the demand and supp…
The Effects of Taxation on Risk Taking
The Effect of Federal Tax Deductibility on State and Local Taxes and Spending
This paper examines the effect of federal deductibility of state and local taxes on the fiscal behavior of state and local governments. The primary finding is that deductibility affects the way that state-local governments finance their spending as well as the overall level of spending. More specifically, in states where federal deductibility implies a relatively low cost of using deductible personal taxes (including income,sales and property tax…
Should Social Security Benefits Be Means Tested
Social-security retirement benefits distort the saving decisions of workers who are rational enough to save for their future. Since the implicit rate of return in an unfunded social-security program is less than the marginal product of capital, the resulting decline in saving causes a welfare loss. The present paper examines the conditions under which the welfare loss can be reduced by replacing the current universal social-security program with …
Social Security and Private Saving
Health Sector Planning in Developing Countries
One of the most visible concomitants of economic development is a fall in mortality rates and a rise in the general level of health. Good health and longevity are not only highly desired in themselves but are also important because of their potential contribution to economic welfare. Although some health improvements can exacerbate population problems, better health can also raise the rate of growth of income per capita by reducing population exp…
The Welfare Cost of Permanent Inflation and Optimal Short-Run Economic Policy
At a minimum, this paper should serve as a warning against too easy an acceptance of the view that the costs of sustained inflation are small relative to the costs of unemployment. If a temporary reduction in unemployment causes a permanent increase in inflation, the present value of the resulting future welfare costs may well exceed the temporary short-run gain. Previous analyses have underestimated the cost of a permanent increase in the inflat…
Inflation, Specification Bias, and the Impact of Interest Rates
Hospital Bed Scarcity
Economic analysis is becoming a powerful tool for the efficient administration of public programmes. Techniques of public expenditure evaluation have already been widely applied to problems of water resource development, defence and transport. Econometric investigations are being used in studies of urban areas and transport services. This article is an example of the use of economic analysis in studying the operation of health care systems. Since…
Economics of Public Health
Journal Article Economics of Public Health: Measuring the Economic Impact of Diseases Get access Economics of Public Health: Measuring the Economic Impact of Diseases. By B. A. Weisbrod. (Philadelphia, Pennsylvania: University of Pennsylvania Press, 1961. Pp. xv + 127. 40s.) Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 73, Is…
Twas a Night in the Sixties
Choice of Technique in the Public Sector
Journal Article Choice of Technique in the Public Sector: A Simplification Get access Martin S. Feldstein Martin S. Feldstein Cambridge, Mass. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 80, Issue 320, 1 December 1970, Pages 985–990, https://doi.org/10.2307/2229934 Published: 01 December 1970
The Effectiveness of the British Differential Profits Tax
Journal Article The Effectiveness of the British Differential Profits Tax Get access Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 77, Issue 308, 1 December 1967, Pages 947–953, https://doi.org/10.2307/2229615 Published: 01 December 1967
Paying for Health Services
Journal Article Paying for Health Services: A Study of the Costs and Sources of Finance in Six Countries Get access Paying for Health Services: A Study of the Costs and Sources of Finance in Six Countries. By B. Abel-Smith. Public Health Papers, No. 17. (Geneva: World Health Organisation, 1963. Pp. 86. 5s.) Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The…
Costing and Efficiency in Hospitals
Journal Article Costing and Efficiency in Hospitals: A Critical Survey of Costing as an Aid to the Management of Hospitals Get access Costing and Efficiency in Hospitals: A Critical Survey of Costing as an Aid to the Management of Hospitals. By C. Montacute. (London: Oxford University Press for the Nuffield Provincial Hospitals Trust, 1962. Pp. 289. 25s.) Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford Search for other works by t…
Economics of Public Health
Journal Article Economics of Public Health: Measuring the Economic Impact of Diseases Get access Economics of Public Health: Measuring the Economic Impact of Diseases. By B. A. Weisbrod. (Philadelphia, Pennsylvania: University of Pennsylvania Press, 1961. Pp. xv + 127. 40s.) Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 73, Is…
Economic Security in the United States
Journal Article Economic Security in the United States Get access Economic Security in the United States. By V. Carlson. (New York and London: McGraw-Hill, 1962. Pp. xi + 255. 50s. 6d.) Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 73, Issue 291, 1 September 1963, Pages 504–505, https://doi.org/10.2307/2228589 Published: 01 Sep…
Paying for Health Services
Journal Article Paying for Health Services: A Study of the Costs and Sources of Finance in Six Countries Get access Paying for Health Services: A Study of the Costs and Sources of Finance in Six Countries. By B. Abel-Smith. Public Health Papers, No. 17. (Geneva: World Health Organisation, 1963. Pp. 86. 5s.) Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The…
Costing and Efficiency in Hospitals
Journal Article Costing and Efficiency in Hospitals: A Critical Survey of Costing as an Aid to the Management of Hospitals Get access Costing and Efficiency in Hospitals: A Critical Survey of Costing as an Aid to the Management of Hospitals. By C. Montacute. (London: Oxford University Press for the Nuffield Provincial Hospitals Trust, 1962. Pp. 289. 25s.) Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford Search for other works by t…
Developments in Health Service Administration and Financial Control
United States Public Health Service Research Fellow in Health Care Economics, Nuffield College, Oxford
Cost‐Benefit Analysis and Investment in the Public Sector
Present Value Versus Internal Rate of Return
Journal Article Present Value Versus Internal Rate of Return: A Comment Get access John S. Flemming, John S. Flemming Nuffield College, Oxford Search for other works by this author on: Oxford Academic Google Scholar Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 74, Issue 294, 1 June 1964, Page 490, https://doi.org/10.2307/22285…
Cost Benefit Analysis and Investment in the Public Sector
Hospital Bed Scarcity
Economic analysis is becoming a powerful tool for the efficient administration of public programmes. Techniques of public expenditure evaluation have already been widely applied to problems of water resource development, defence and transport. Econometric investigations are being used in studies of urban areas and transport services. This article is an example of the use of economic analysis in studying the operation of health care systems. Since…
Hospital Cost Variation and Case-mix Differences
Research Fellow in Economics, Nuffield College, Oxford; Oxford University Lecturer in Public Finance
Alternative Methods of Estimating a CES Production Function for Britain
In recent years the elasticity of substitution between capital and labour has been recognized as a basic characteristic of the technology of an industry or an entire economy with important implications for international trade, distribution, growth and taxation. A substantial number of studies have now provided estimates of the substitution elasticity for the United States economy and for individual American industries[2, 4, 6, 7, 8, 10, 11, 12, 1…
The Effectiveness of the British Differential Profits Tax
Journal Article The Effectiveness of the British Differential Profits Tax Get access Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 77, Issue 308, 1 December 1967, Pages 947–953, https://doi.org/10.2307/2229615 Published: 01 December 1967
The Economics of Health
Journal Article H. E. Klarman. The Economics of Health Get access The Economics of Health. By H. E. Klarman. (New York and London: Columbia University Press, 1965. Pp. 200. 29s.) Martin S. Feldstein Martin S. Feldstein Nuffield College, Oxford. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 77, Issue 305, 1 March 1967, Page 128, https://doi.org/10.2307/2229363 Published: 01 March 1967
An Aggregate Planning Model of the Health Care Sector
Uncertainty and Forword Exchange Speculation
CONSIDERABLE attention has recently I ~~been given to the theory of foreign exchange operations and its implications for government policy. Central to this is the analysis of forward exchange speculation.' Although the essence of speculative behavior is the balancing of uncertainty and expected gain, the analysis of uncertainty in the current theory of forward exchange speculation has generally been less rigorous than other parts of that theory. …
Doctors and State Medicine
The Effects of Taxation on Risk Taking
The Rising Price of Physician's Services
Inflation, Specification Bias, and the Impact of Interest Rates
Health Sector Planning in Developing Countries
One of the most visible concomitants of economic development is a fall in mortality rates and a rise in the general level of health. Good health and longevity are not only highly desired in themselves but are also important because of their potential contribution to economic welfare. Although some health improvements can exacerbate population problems, better health can also raise the rate of growth of income per capita by reducing population exp…
Choice of Technique in the Public Sector
Journal Article Choice of Technique in the Public Sector: A Simplification Get access Martin S. Feldstein Martin S. Feldstein Cambridge, Mass. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 80, Issue 320, 1 December 1970, Pages 985–990, https://doi.org/10.2307/2229934 Published: 01 December 1970
The Other Half of Gross Investment
D URING the past two decades, gross investment has on average been divided approximately equally between net capital accumulation and replacement. Because of its relation to economic growth, the process of net accumulation has received nearly all of the attention in the investment literature. However, gross investment is the important variable for aggregate demand and therefore for stabilization. Moreover, an understanding of the process of repla…
The Rising Price of Physicians' Services
The three primary conclusions of my previous study can be summarized briefly. First, there appears to be a permanent excess demand for physicians' services. The observed prices and quantities are not points on the demand function and the market does not follow a Marshallian or Walrasian process of adjustment to remove the excess demand. Second, physicians' fees rise when patients' ability to pay improves through higher income or more complete ins…
The Welfare Loss of Excess Health Insurance
American families are in general overinsured against health expenses. If insurance coverage were reduced, the utility loss from increased risk would be more than outweighted by the gain due to lower prices and the reduced purchase of excess care. The first part of the paper develops and estimates a structural equation for the demand for health care and then examines the dynamic interaction between the purchase of insurance and the demand and supp…
The United States saves too little
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