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2011 Summer Workshop

May 25-27, 2011 Jon M. Huntsman School of Business, Utah State University; Logan, Utah.

Keynote Speaker:

Carlos Garriga, Senior Economist at the Federal Reserve Bank of St. Louis. Carlos's research has primarily focused on fiscal design and reform of social security and on housing finance, housing price dynamics, and residential investment. His published work has appeared in researchoutlets such as the Journal of Monetary Economics, International Economic Review, Review of Economic Dynamics, Economic Letters, Macroeconomic Dynamics, and the Journal of the European Economic Association, among many others.

Program:

Wednesday May 25

6:00pm - 8:30pm Check-In & Complimentary Opening Dinner at Elements Restaurant

Thursday May 26

7:45am - 8:30am Complimentary Breakfast at the David B. Haight Alumni Center, Utah State University

8:30am - 10:00am Keynote: Intergenerational Policy andthe Measurement of the Tax Incidence of Unfunded Liabilities

Carlos Garriga, Federal Reserve Bank of St. Louis

Download: Manuscript or Slides

10:00am - 10:45am Procession to 9th Floor ofEccles Business Building, Jon M. Huntsman School of Business

10:45am - 11:45amWhen the Social Security Trust Fund Runs Out: Linearization about the Current State

Kerk Phillips, Brigham Young University

Coauthor:Richard W. Evans, Brigham Young University Coauthor: Jeremy Perdue, Brigham Young University Download: Manuscript or Slides

12:00pm - 1:00pmAccounting for Non-annuitization

Svetlana Pashchenko, University of Virginia

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1:00pm - 2:00pmComplimentary Lunch

2:00pm - 3:00pmSocial Security and the Rise in Health Spending: A Macroeconomic Analysis

Kai (Jackie) Zhao,University of Western Ontario

Download: Manuscript or Slides

3:15pm -4:15pmMinimum Wages and Youth Employment

Aspen Gorry, University of California-Santa Cruz

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4:30pm -5:30pmHow Should Unfunded Social Security be Financed?

Emin Gahramanov, Deakin University

Coauthor: Xueli Tang, Deakin University

Download: Manuscript or Slides

6:00pm - 9:00pm ComplimentaryDinner & Campfire in Logan Canyon (Spring Hollow Campground;Group B Site)

Friday May 27

8:30am - 9:30amThe Welfare Cost of Medicare

Hui He, University of Hawaii

Download:Manuscript or Slides

9:45am - 10:45amConsumption Smoothing and Portfolio Rebalancing: The Effects of Adjustment Costs

Guozhong (John)Zhu, Peking University

Coauthor:Yosef Bonaparte, Claremont McKenna College

Coauthor: Russell Cooper, European University Institute and University of Texas-Austin

Download: Manuscirpt or Slides

11:00am - 12:00pmFront-loaded Contracts in Health Insurance Markets: How Valuable is Guaranteed Renewability?

Ponpoje (Poe) Porapakkarm, University of Macau

Coauthor: Svetlana Pashchenko, University of Virginia

Download: Manuscript or Slides

12:00pm - 1:00pmComplimentary Lunch

1:00pm - 2:00pm Rising Indebtedness and Hyperbolic Discounting: A Welfare Analysis

Makoto Nakajima, Federal Reserve Bank of Philiadelphia

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2:15pm -3:15pmAdverse Selection in the Annuity Market and The Role for Social Security

Roozbeh Hosseini, Arizona State University

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3:30pm - 4:30pmReforming Estate Taxation by Reversing the Generation-Skipping Transfer Tax

James Feigenbaum, Utah State University

Coauthor: T. Scott Findley, Utah State University

Download:Manuscript or Slides

5:00pm - 8:00pm Complimentary Dinner & Closing