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The NBER’s Asset Pricing Program was created in 1991. Today, it has more than 130 members who present and discuss their research findings at three annual meetings. These meetings take place in the… Expand
How Does Public Infrastructure Affect Regional Economic Performance
- A. Munnell
- 1 September 1990
Bridge collapses and water main explosions focus national attention on the crumbling condition of the nation’s infrastructure. Catastrophic infrastructure failures are always a momentary spur to… Expand
Why has productivity growth declined? Productivity and public investment
- A. Munnell
The decline in United States productivity has been widely identified as one of the major economic problems facing the nation. This concern is understandable; productivity growth is the major… Expand
Mortgage Lending in Boston: Interpreting HMDA Data
The results of this study indicate that minority applicants, on average, do have greater debt burdens, higher loan-to-value ratios, and weaker credit histories and they are less likely to buy… Expand
Policy Watch: Infrastructure Investment and Economic Growth
- A. Munnell
- 1 November 1992
In the late 1980s, David Aschauer (1989) triggered a long overdue dialogue among economists and political leaders when he published a study arguing that much of the decline in U.S. productivity that… Expand
A New National Retirement Risk Index
Americans weaned on post-war affluence have come to expect an extended period of leisure at the end of their work life. And, indeed, the majority of today’s retirees are able to afford a decent… Expand
What Replacement Rates do Households Actually Experience in Retirement?
This paper estimates how much people actually receive in retirement relative to earnings before retirement when all sources of income, including income generated by homeownership, are combined.… Expand
Coming Up Short: The Challenge of 401(k) Plans
As the baby boom begins to withdraw from the labor force, ensuring a secure retirement income becomes an increasingly important issue, the number of people over age 65 is expected to double by 2030.… Expand
What Determines 401(K) Participation and Contributions?
This paper uses the 1998 Survey of Consumer Finances to identify the factors that determine whether an eligible employee elects to participate in a 401(k) plan and the magnitude of the employee's… Expand