Detail

Professor Zeldes has taught the core “Global Economic Environment” course, a master class on “Macro Investing,” and an elective course “The Future of Retirement Wealth.” His research has examined a wide range of applied issues in macroeconomics and finance, including Social Security reform, the determinants of household saving, participant behavior in and plan design of defined contribution pension plans, measurement of defined-benefit pension liabilities, the effects of government budget deficits, and the relationship between consumer spending and the stock market. His research has been published in leading academic journals.

• Paul A. Samuelson Award
  Winner, TIAA-CREF's 1999 Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security, with John Geanakoplos and Olivia Mitchell, for "Social Security Money's Worth"

• National Bureau of Economic Research
  Research Associate
• Congressional Budget Office
  member of the Panel of Economic Advisers
• Pension Research Council
  member of the Advisory Board

• Spring 2009
  The Future of Retirement Wealth
  
• Fall 2007
  Macro Investing: Macroeconomics, Investment Strategies & Public Policy (Master Class)
  

Market Valuation of Accrued Social Security Benefits In Measuring and Managing Federal Financial Risk (2009) Coauthor(s): John Geanakoplos, Stephen Zeldes

Reforming Social Security with Progressive Personal Accounts In Social Security Policy in a Changing Environment (2009) Coauthor(s): John Geanakoplos, Stephen Zeldes

Social Security Money's Worth In Prospects for Social Security Reform (1999) Coauthor(s): John Geanakoplos, Olivia Mitchell, Stephen Zeldes

Would a Privatized Social Security System Really Pay a Higher Rate of Return? In Framing the Social Security Debate: Values, Politics, and Economics (1998) Coauthor(s): John Geanakoplos, Olivia Mitchell, Stephen Zeldes

Ponzi Games In New Palgrave Dictionary of Money and Finance (1992) Coauthor(s): Stephen O'Connell, Stephen Zeldes

How Should Public Pension Plans Invest? In American Economic Review: Papers & Proceedings (2009) Coauthor(s): Deborah Lucas, Stephen Zeldes

Do the Rich Save More? In Journal of Political Economy (2004) Coauthor(s): Stephen Zeldes, Karen Dynan, Jonathan Skinner

Commentary In Economic Policy Review (2002) Coauthor(s): Stephen Zeldes

The Importance of Bequest and Life-Cycle Saving in Capital Accumulation: A New Answer In American Economic Review (2002) Coauthor(s): Karen Dynan, Jonathan Skinner, Stephen Zeldes

Social Security Privatization: A Structure for Analysis In American Economic Review (1996) Coauthor(s): Olivia Mitchell, Stephen Zeldes

Precautionary Saving and Social Insurance In Journal of Political Economy (1995) Coauthor(s): R. Glenn Hubbard, Jonathan Skinner, Stephen Zeldes

The Importance of Precautionary Motives for Explaining Individual and Aggregate Saving In Carnegie-Rochester Conference Series on Public Policy (1994) Coauthor(s): R. Glenn Hubbard, Jonathan Skinner, Stephen Zeldes

Expanding the Life-Cycle Model: Precautionary Saving and Public Policy In American Economic Review (1994) Coauthor(s): R. Glenn Hubbard, Jonathan Skinner, Stephen Zeldes

Dynamic Efficiency in the Gifts Economy In Journal of Monetary Economics (1993) Coauthor(s): Stephen O'Connell, Stephen Zeldes

The Consumption of Stockholders and Nonstockholders In Journal of Financial Economics (1991) Coauthor(s): N. Mankiw, Stephen Zeldes

Production, Sales, and the Change in Inventories: An Identity That Doesn't Add Up In Journal of Monetary Economics (1989) Coauthor(s): Jeffrey Miron, Stephen Zeldes

Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence In Quarterly Journal of Economics (1989) Coauthor(s): Stephen Zeldes

Consumption and Liquidity Constraints: An Empirical Investigation In Journal of Political Economy (1989) Coauthor(s): Stephen Zeldes

Rational Ponzi Games In International Economic Review (1988) Coauthor(s): Stephen O'Connell, Stephen Zeldes

Seasonality, Cost Shocks, and the Production Smoothing Model of Inventories In Econometrica (1988) Coauthor(s): Jeffrey Miron, Stephen Zeldes

Ricardian Consumers with Keynesian Propensities In American Economic Review (1986) Coauthor(s): Robert Barsky, N. Mankiw, Stephen Zeldes

Innovations in Retirement Financing In (2002) Coauthor(s): Olivia Mitchell, Zvi Bodie, P. Hammond, Stephen Zeldes

Valuing and Hedging Defined Benefit Pension Obligations: The Role of Stocks Revisited In Working paper (2006) Coauthor(s): Deborah Lucas, Stephen Zeldes

How Do Household Portfolio Shares Vary with Age? In Working paper (2004) Coauthor(s): John Ameriks, Stephen Zeldes