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Public Policy Discussion Papers present new policy research, research surveys, or research bearing on policy issues. The papers are written for policymakers, informed business people, and academics by economists at the Boston Fed, and many of them present research intended for professional journals. The series began in 2004 with Number 04-1.

Full text of papers are available in portable document format (PDF).

Latest Papers
Prior papers: 2007 | 2006 | 2005 | 2004

2008 Papers

No. 08-1
“Why Does Unemployment Hurt the Employed? Evidence from the Life Satisfaction Gap between the Public and Private Sectors”
by Simon Luechinger, Stephan Meier, and Alois Stutzer

Abstract
Full Text

2007 Papers

No. 07-5 “Selection into Financial Literacy Programs: Evidence from a Field Study” by Stephan Meier and Charles Sprenger	Abstract Full Text
No. 07-4 “Consumer Behavior and Payment Choice: 2006 Conference Summary” by Margaret Carten, Dan Littman, Scott Schuh, and Joanna Stavins	Abstract Full Text
No. 07-3 “The Theory of Life-Cycle Saving and Investing” by Zvi Bodie, Jonathan Treussard, and Paul Willen	Abstract Full Text
No. 07-2 “Optimal Retirement Asset Decumulation Strategies: The Impact of Housing Wealth” by Wei Sun, Robert K. Triest, and Anthony Webb	Abstract Full Text
No. 07-1 “The Boston Fed Study of Consumer Behavior and Payment Choice: A Survey of Federal Reserve System Employees” by Marques Benton, Krista Blair, Marianne Crowe, and Scott Schuh	Abstract Full Text

2006 Papers

No. 06-7 “Managing the Risk in Pension Plans and Recent Pension Reforms” by Richard W. Kopcke	Abstract Full Text
No. 06-6 “Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market” by Kristopher Gerardi, Harvey S. Rosen, and Paul Willen	Abstract Full Text
No. 06-5 “Social Dynamics of Obesity” by Mary Burke and Frank Heiland	Abstract Full Text
No. 06-4 “Collateralized Borrowing and Life-Cycle Portfolio Choice” by Paul Willen and Felix Kubler	Abstract Full Text
No. 06-3 “Risk Bearing, Implicit Financial Services, and Specialization in the Financial Industry” by J. Christina Wang and Susanto Basu	Abstract Full Text
No. 06-2 “Pension Accounting and Corporate Earnings: The World According to GAAP” by Peter Fortune	Abstract Full Text
No. 06-1 “Consumer Behavior and Payment Choice: A Conference Summary” by Marianne Crowe, Scott Schuh, and Joanna Stavins	Abstract Full Text

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2005 Papers

No. 05-4 “Deciding to Distrust” by Iris Bohnet and Stephan Meier	Abstract Full Text
No. 05-3 “Lifecycle Prices and Production” by Mark Aguiar and Erik Hurst	Abstract Full Text
No. 05-2 “Alternative Measures of the Federal Reserve Banks’ Cost of Equity Capital” by Michelle L. Barnes and Jose A. Lopez	Abstract Full Text
No. 05-1 “The Taxation of Equity, Dividends, and Stock Prices” by Richard W. Kopcke	Abstract Full Text

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2004 Papers

No. 04-10 “Social Security and Unsecured Debt” by Erik Hurst and Paul Willen	Abstract Full Text
No. 04-9 “Interstate Fiscal Disparity in State Fiscal Year 1999” by Robert Tannenwald and Nicholas Turner (Revised in May 2006)	Abstract Full Text
No. 04-8 “Is Poland the Next Spain?” by Francesco Caselli and Silvana Tenreyro	Abstract Full Text
No. 04-7 “Do Bank Mergers Affect Federal Reserve Check Volume?” by Joanna Stavins	Abstract Full Text
No. 04-6 “Financial Development, Financial Constraints, and the Volatility of Industrial Output” by Borja Larrain	Abstract Full Text
No. 04-5 “Educational Opportunity and Income Inequality” by Igal Hendel, Joel Shapiro, and Paul Willen	Abstract Full Text
No. 04-4 “Massachusetts Business Taxes: Unfair? Inadequate? Uncompetitive?” by Robert Tannenwald	Abstract Full Text
No. 04-3 “Wives’ Work and Family Income Mobility” by Katharine Bradbury and Jane Katz	Abstract Full Text
No. 04-2 “Eyes on the Prize: How Did the Fed Respond to the Stock Market?” by Jeff Fuhrer and Geoff Tootell	Abstract Full Text
No. 04-1 “Economic Policy and Prospects in Iraq” by Christopher Foote, William Block, Keith Crane, and Simon Gray	Abstract Full Text

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For questions or feedback about the Public Policy Discussion Papers, please contact:

Suzanne Lorant
Director of Research Publications
suzanne.lorant@bos.frb.org

In addition to these Public Policy Discussion Papers, you may be interested in the Boston Fed's Working Papers Series, which presents statistical or technical studies intended for professional journals. Prepared by economists in the Boston Fed’s Research Department, they are written for and seek input from scholars and informed specialists.

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