• Publications
  • Influence
Social Security, Induced Retirement, and Aggregate Capital Accumulation
  • M. Feldstein
  • Economics
    Journal of Political Economy
  • 31 August 1974
For the great majority of Americans, the most important form of household wealth is the anticipated social security retirement benefits. In 1971 the aggregate value of these annuities was
Tax Avoidance and the Deadweight Loss of the Income Tax
  • M. Feldstein
  • Economics
    Review of Economics and Statistics
  • 1 March 1995
Traditional analyses of the income tax greatly underestimate deadweight losses by ignoring its effect on forms of compensation and patterns of consumption. The full deadweight loss is easily
The Missing Piece in Policy Analysis: Social Security Reform
This lecture discusses the economic losses that result from an unfunded social security retirement system and the potential gain from shifting to a funded system. The social security payroll tax
The Welfare Loss of Excess Health Insurance
  • M. Feldstein
  • Economics, Medicine
    Journal of Political Economy
  • 1 March 1973
TLDR
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 supply for health Care.
Temporary Layoffs in the Theory of Unemployment
  • M. Feldstein
  • Economics
    Journal of Political Economy
  • 1 October 1976
The typical worker who is laid off is soon rehired by his original employer. This important and generally unnoticed fact requires a major reevaluation of our current theories of unemployment. This
The Costs and Benefits of Going from Low Inflation to Price Stability
This paper evaluates the welfare gain from achieving price stability and compares it to the cost of the transition. In calculating the gain from price stability, the paper emphasizes the distortions
Is the Taxable Income Elasticity Sufficient to Calculate Deadweight Loss? The Implications of Evasion and Avoidance
Since Feldstein (1999), the most widely used method of calculating the excess burden of income taxation is to estimate the e¤ect of tax rates on reported taxable income. Feldstein’s taxable income
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