JOHN B. SHOVEN
Charles R. Schwab Professor of Economics
Wallace R. Hawley Director, Stanford Institute for Economic Policy Research (SIEPR)

Ph.D. Yale University; B.A. University of California, San Diego (Physics).

Research Interests: Corporate finance (dividend behavior, mergers and acquisitions, share repurchase), social security and private pensions, stock and bond returns, mutual funds, federal, personal and corporate income taxation, international cost-of-capital comparisons, applied general equilibrium analysis.

Current Research: Asset allocation and asset location theory, the effects of taxes on the relative performance of mutual funds, the long-run future of pension fund saving, public policy towards pensions.

Representative Recent Papers: (1) "The Real Deal: The History and Future of Social Security," with Sylvester Schieder, Yale University Press, 1999; (2) "Should the United States Privatize Social Security?", with Henry Aaron, MIT Press, 1999; (3) "Long Run Asset Allocation for Retirement Savings," with Clemens Sialm, The Journal of Private Portfolio Management, 1998; (4) "Public Policy Towards Pensions," with Sylvester Schieber, MIT Press, 1997; (5) "The Taxation of Pensions: A Shelter Can Become a Trap," with David Wise, in Frontiers in the Economics of Aging, David A. Wise, ed., NBER/University of Chicago Press, 1998, pp. 173-212.

Teaching Interests: Public finance, introductory economics, intermediate microeconomics, investment.

Professional Affiliations: AEA, WEA, Econometrics Society (Fellow), National Tax Association.