L
Lawrence H. Summers
Researcher at Harvard University
Publications - 291
Citations - 61147
Lawrence H. Summers is an academic researcher from Harvard University. The author has contributed to research in topics: Investment (macroeconomics) & Unemployment. The author has an hindex of 102, co-authored 285 publications receiving 58555 citations. Previous affiliations of Lawrence H. Summers include The Treasury & National Science Foundation.
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Investment Incentives and the Discounting of Depreciation Allowances
TL;DR: This paper examined the discounting of depreciation allowances both theoretically and empirically and found that frontloaded incentives like the ITC provide maximal stimulus to corporate investment, while the traditional discount rates are in the 15 percent range.
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Taxation and the Structure of Labor Markets: The Case of Corporatism
TL;DR: In this paper, the authors propose an explanation for the wide variation in rates of taxation across developed economies, based on differences in labor market institutions, and find that labor tax burdens are indeed higher in more corporatist nations, while non-labor taxes are actually lower.
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The Adequacy of Savings
Laurence J. Kotlikoff,Laurence J. Kotlikoff,Laurence J. Kotlikoff,Avia Spivak,Avia Spivak,Lawrence H. Summers,Lawrence H. Summers +6 more
TL;DR: The authors used newly available data from the Social Security Administration's Retirement History Survey to examine the adequacy of saving and found that surprisingly few couples currantly suffer significant reductions in their standard of living in their old age.
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Multiple Shooting in Rational Expectations Models
David Lipton,James M. Poterba,James M. Poterba,Jeffrey D. Sachs,Jeffrey D. Sachs,Lawrence H. Summers,Lawrence H. Summers +6 more
TL;DR: In this paper, an algorithm for the solution of rational expectations models with saddlepoint stability properties is described. The algorithm is based on the method of multiple shooting, which is widely used to solve mathematically similar problems in the physical sciences.
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Why is U.S. National Saving so Low
TL;DR: In the United States, the national saving rate has averaged only 2.3 percent of full-employment GNP, compared with 7.4 percent during 1960-80 as discussed by the authors.