Brookings: Experts - Barry P. Bosworth

The Wealth of Older Americans and the Subprime Debacle

Wed, 18 Nov 2009 00:00:00 GMT

Barry Bosworth and Rosanna Smart explore the consequences of the housing price bubble and its collapse for the wealth of older households, utilizing micro survey data to follow the rise in home values to 2007 and observing which households enjoyed home price appreciation and how they responded in terms of equity withdrawal. The authors conclude that while older households mitigated their real estate and equity losses with relatively stable fixed-value assets and pension programs, they also lost much of their presumed gains relative to earlier cohorts, and they will have less time to recover.

Better Ways to Stimulate than "Cash for Clunkers"

Fri, 07 Aug 2009 11:09:13 GMT

President Obama recently signed a law adding $2 billion to the wildly popular "Cash for Clunkers" program that has given automakers a boost after months of declining sales. Barry Bosworth says despite the program’s quick uptake, there are probably better ways to help stimulate the economy.

America’s Financial Crisis: The End of an Era

Tue, 14 Apr 2009 00:00:00 GMT

Barry Bosworth and Aaron Flaaen summarize some research on the origins of the financial crisis and trace the evolution of the credit panic that hit in late 2008, its impact on the real economy, and the extraordinary policy actions that have been taken to mitigate the economic losses.

Saving and Wealth Accumulation in the PSID, 1984-2005

Sat, 28 Feb 2009 00:00:00 GMT

This paper by Barry Bosworth and Sarah Anders reports on a project to construct and evaluate a wealth and saving dataset for those households who responded to the supplementary wealth and active saving modules of the Panel Study of Income Dynamics (PSID) over the period of 1984 to 2005.

Evaluating Micro-Survey Estimates of Wealth and Saving

Sat, 31 Jan 2009 00:00:00 GMT

Barry Bosworth and Rosanna Smart presents an overview of changes in household wealth accumulation and saving using wealth data from three micro-level surveys. They provide comparisons to the macroeconomic estimates of wealth accumulation and saving, explore problems in constructing household-level valuations of wealth, and assess the value of using household-level datasets to examine wealth accumulation and saving behavior in the United States.

Getting Through the Economic Meltdown

Wed, 24 Dec 2008 11:54:50 GMT

Despite the Fed’s historic actions, the economy is still ailing. Barry Bosworth says fiscal policy needs to be the next step: expenditures are important, with tax cuts being the quickest way to stimulate the economy.

Shoring Up the Economy

Tue, 14 Oct 2008 16:24:38 GMT

The federal government’s decision to take equity stakes in private banks to help shore up the battered economy is a step in the right direction, Barry Bosworth says, and he adds that more needs to be done – particularly on the housing front.

Determinants of U.S. Exports to China

Fri, 04 Apr 2008 00:00:00 GMT

In this paper, Barry Bosworth and Susan M. Collins empirically examine U.S. goods trade with China, focusing on the performance of exports.

India Policy Forum 2006-07 : Volume 3

Mon, 01 Oct 2007 12:00:00 GMT

India Policy Forum is an annual publication with the objective of presenting high-quality empirical research on the major economic policy issues that confront contemporary India.

Top Ten Global Economic Challenges: An Assessment of Global Risks and Priorities

Thu, 01 Feb 2007 00:00:00 GMT

Top Ten Global Economic Challenges Report by Global Economy and Development (February 2007)

Accounting for Growth: Comparing China and India

Wed, 17 Jan 2007 00:00:00 GMT

The emergence of China and India as major forces in the global economy is one of the most significant economic developments of the past quarter century. Their continued growth is likely to dominate the course of the world economy for the next several decades. Up to now, only a small fraction of the world's population has enjoyed the fruits of economic well-being, with high-income industrial countries accounting for less than a fifth of the world's population. However, China and India together comprise over a third of the world's population; and since 1980, they have achieved remarkable rates of economic growth and poverty reduction.

Is the 21st Century Productivity Expansion Still in Services? And What Should Be Done About It?

Sat, 06 Jan 2007 00:00:00 GMT

Barry P. Bosworth and Jack E. Triplett discuss data needs and important improvements in the statistical base for analyzing productivity.

Saving and Demographic Change: The Global Dimension

Wed, 01 Nov 2006 00:00:00 GMT

Paper by Barry Bosworth and Gabriel Chodorow-Reich (November 2006)

Restoring Growth in Puerto Rico : Overview and Policy Options

Tue, 01 Aug 2006 00:00:00 GMT

In this innovative new book, economists from U.S. and Puerto Rican institutions address a range of major policy issues affecting the island's economic development.

Sources of Growth in the Indian Economy

Sat, 15 Jul 2006 00:00:00 GMT

Source of Growth in the Indian Economy

Economic Growth in Thailand: The Macroeconomic Context

Thu, 15 Jun 2006 00:00:00 GMT

Paper by Barry P. Bosworth (6/15/06)

The India Policy Forum 2005-06 : Volume 2

Mon, 01 May 2006 00:00:00 GMT

Economics, Global#Global poverty and development economics#Other

United States Saving in a Global Context

Thu, 06 Apr 2006 00:00:00 GMT

Testimony by Barry P. Bosworth, Senate Committee on Finance (4/6/06)

The Economy of Puerto Rico : Restoring Growth

Wed, 01 Mar 2006 00:00:00 GMT

In this innovative new book, economists from U.S. and Puerto Rican institutions address a range of major policy issues affecting the island’s economic development.

The Budget Crisis: Is It All Déjà Vu?

Wed, 01 Feb 2006 00:00:00 GMT

This paper looks back at the efforts after 1981 to resolve the conflict over how to reduce the budget deficit. Large and sustained budget deficits have re-emerged as a central focus of the debate over U.S. economic policy. The parallels between today's situation and the large deficits of the 1980s are striking in several dimensions. Is it possible that history will simply repeat itself, and a return to the budget discipline of the 1990s will again restore balance?

The Decline in Household Saving: What Can We Learn From Survey Data?

Thu, 11 Aug 2005 00:00:00 GMT

In a global economy characterized by some as being awash in saving, Americans stand out for their devotion to consumption. The rate of private saving in the United States has declined precipitously over the past two decades. While the corporate component has surged during the current economic expansion, the household saving rate has continued to fall. Household saving has fallen from ten percent of disposable income in the first half of the 1980s to less than two percent in the first half of the current decade. This development should strike us as all the more surprising given the large number of baby-boomers who are in their peak saving years. Despite considerable empirical research, the source of the saving decline remains controversial; primarily because it's one-time nature makes the question of the causes difficult to resolve on the basis of macroeconomic correlations.

The India Policy Forum 2004 : Volume 1

Sat, 01 Jan 2005 00:00:00 GMT

The India Policy Forum (IPF) is a new annual publication dedicated to research on the contemporary Indian economy. This inaugural issue contains highlights from a conference held in New Delhi in March 2004.

Challenges to the U.S. Economy: Economic Imbalances in a Growing Economy

Mon, 01 Nov 2004 00:00:00 GMT

Paper by Barry P. Bosworth (November 2004)

Productivity in the U.S. Services Sector : New Sources of Economic Growth

Fri, 01 Oct 2004 00:00:00 GMT

In their new book, Jack Triplett and Barry Bosworth analyze services sector productivity, demonstrating that fundamental changes have taken place in this sector of the U.S. economy.

Why Don't Americans Save?

Tue, 10 Aug 2004 00:00:00 GMT

Paper by Barry P. Bosworth (August 2004)

The Impact of Aging on Financial Markets and the Economy: A Survey

Thu, 01 Jul 2004 00:00:00 GMT

Paper by Barry P. Bosworth, Ralph C. Bryant, and Gary Burtless (July 2004)

Valuing the Renminbi

Mon, 09 Feb 2004 00:00:00 GMT

Paper by Barry P. Bosworth (2/9/04)

Pension Reform and Saving

Mon, 05 Jan 2004 00:00:00 GMT

Paper by Barry P. Bosworth and Gary Burtless (1/5/04)

Supply-Side Consequences of Social Security Reform: Impacts on Saving and Employment

Thu, 01 Jan 2004 00:00:00 GMT

Paper by Barry Bosworth and Gary Burtless, Center for Retirement Research at Boston College (January 2004)

The Empirics of Growth: An Update

Mon, 22 Sep 2003 00:00:00 GMT

Paper by Barry P. Bosworth and Susan M. Collins (3/07/03)

Services Productivity in the United States: Griliches' Services Volume Revisited

Fri, 19 Sep 2003 00:00:00 GMT

Paper by Barry P. Bosworth and Jack E. Triplett (09/19/03)

Productivity Measurement Issues in Services Industries: ""Baumol's Disease"" Has been Cured

Mon, 01 Sep 2003 00:00:00 GMT

Article by Barry P. Bosworth and Jack E. Triplett

Pension Reform and Incentives for Saving and Retirement

Sat, 01 Feb 2003 00:00:00 GMT

A paper by Barry P. Bosworth and Gary Burtless ((1/29/2003)

Some Information on the (Nonbank, Noninsurance) Financial Services Industries

Fri, 01 Nov 2002 00:00:00 GMT

Barry P. Bosworth and Jack E. Triplett examine the data for "nonbank, noninsurance financial services."

Managing a Globalizing World: An Overview

Sat, 01 Sep 2001 00:00:00 GMT

Introduction to an edition of the Brookings Review, by Barry Bosworth (Fall 2001)

What's New About the New Economy?: IT, Economic Growth and Productivity

Fri, 20 Oct 2000 00:00:00 GMT

Brookings Economic Papers

Distributional Impact of Social Security Reforms: Summary

Tue, 01 Aug 2000 00:00:00 GMT

A paper by Barry Bosworth, Gary Burtless, and Claudia Sahm (8/22/2000)

Numbers Matter: The U.S. Statistical System and a Rapidly Changing Economy

Sat, 01 Jul 2000 00:00:00 GMT

Policy Brief #63, by Barry P. Bosworth and Jack E. Triplett (July 2000)

The Effects of Social Security Reform on Saving, Investment, and the Level and Distribution of Worker Well-Being

Sat, 01 Jan 2000 00:00:00 GMT

The Effects of Social Security Reform on Saving, Investment, and the Level and Distribution of Worker Well-Being

Productivity in the Services Sector

Sat, 01 Jan 2000 00:00:00 GMT

Brookings Economic Papers

From Boom to Crisis and Back Again: What Have We Learned?

Fri, 10 Dec 1999 00:00:00 GMT

Barry Bosworth and Susan M. Collins provide a brief summary of East Asia's growth experience, arguing that it has been driven by high rates of capital accumulation.

Lifetime Earnings Patterns, the Distribution of Future Social Security Benefits, and the Impact of Pension Reform

Wed, 01 Dec 1999 00:00:00 GMT

Center for Retirement Research at Boston College

Stylized Earnings for Birth Cohorts 1931-60

Wed, 01 Sep 1999 00:00:00 GMT

Stylized Earnings for Birth Cohorts 1931-60: Barry Bosworth and Gary Burtless Paper, December 1999

Productivity Growth in Mexico

Wed, 15 Jul 1998 00:00:00 GMT

Barry P. Bosworth reviews Mexico’s economic growth experience within the confines of a simple growth-accounting framework, to put that performance in an international context, and to investigate some of the hypotheses that have been advanced to explain the low return to date from the reform program.

The Asian Financial Crisis: What Happened and What We Can Learn from It

Mon, 01 Jun 1998 00:00:00 GMT

Brookings Review article by Barry P. Bosworth (Summer 1998)

Rescuing Asia: Does the International Monetary Fund Have a Role in Asia?

Mon, 01 Jun 1998 00:00:00 GMT

Brookings Review article by Robert D. Hormats, Lawrence Lindsay, and Barry P. Bosworth (Summer 1998)

Aging Societies : The Global Dimension

Tue, 12 May 1998 00:00:00 GMT

The Asian Crisis in Context

Tue, 10 Mar 1998 00:00:00 GMT

Barry P. Bosworth examines the Asian crisis within the context of past research on the causes of exchange rate crises, addresses some issues of the post-crisis response and examines the systemic issue of the appropriate international response to these crises, and the actions that individual countries can take to protect themselves.

Budget Crunch: Population Aging in Rich Countries

Sun, 01 Jun 1997 00:00:00 GMT

Brookings Review article by Barry P. Bosworth and Gary Burtless (Summer 1997)

Social Security Reform in a Global Context

Sun, 01 Jun 1997 00:00:00 GMT

Paper by Barry P. Bosworth and Gary Burtless (6/97)

Coming Together? : Mexico-U.S. Relations

Thu, 22 May 1997 00:00:00 GMT

In this book, scholars from the United States and Mexico examine the major elements of the bilateral relationship. The economic dimension is highlighted in two papers that focus on the effects of NAFTA on trade and financial transactions. The politic

Privatizing Social Security: The Troubling Trade-Offs

Sat, 01 Mar 1997 00:00:00 GMT

Policy Brief #14, by Gary Burtless and Barry Bosworth (March 1997)

The Politics of Immaculate Conception: Congress should set the budget, not the CPI

Sat, 01 Mar 1997 00:00:00 GMT

Brookings Review article by Barry Bosworth (Spring 1997)

The Budget meets the Boomers: America's most famous generation approaches another milestone

Sun, 01 Sep 1996 00:00:00 GMT

Brookings Review article by Henry Aaron and Barry Bosworth (Fall 1996)

The Decline in Mexican Saving: A Cost of Reform?

Fri, 10 May 1996 00:00:00 GMT

Barry P. Bosworth examines the behavior of the Mexican saving rate in the years after 1987 and to evaluate several hypotheses that have been put forth to account for its decline.

Accounting for Difference in Economic Growth

Sun, 01 Oct 1995 00:00:00 GMT

Brookings Discussion Papers in International Economics

Reforming Planned Economies in an Integrating World Economy

Thu, 11 May 1995 00:00:00 GMT

In this book, Barry P. Bosworth and Gur Ofer provide a balanced assessment of the progress of integration among the formerly centrally planned economies of China and the former states of the Soviet Union. They offer an outline to the key issues that

Prospects for Saving and Investment in Industrial Countries

Mon, 01 May 1995 00:00:00 GMT

Paper by Barry M. Bosworth (5/95)

The New GATT : Implications for the United States

Tue, 13 Sep 1994 00:00:00 GMT

The new GATT encompasses a set of agreements governing trade in goods, trade in services, the protection of intellectual property rights, and new procedures for resolving trade disputes. In this book, the major features of the new GATT are reviewed a

The Chilean Economy : Policy Lessons and Challenges

Tue, 15 Mar 1994 00:00:00 GMT

The advent in the 1990s of Chile as a model for economic reform is something of a surprise. Though many of the reforms were actually introduced in the 1970s, many seemed to have failed until recently. In this book, international scholars review the r

Saving and Investment in a Global Economy

Tue, 30 Mar 1993 00:00:00 GMT

In this provocative book by one of the nation's leading economists, Barry Bosworth argues that trade disparities are not the result of external infraction, but rather a reflection of domestic failures.

North American Free Trade : Assessing the Impact

Tue, 29 Sep 1992 00:00:00 GMT

In this book, noted experts review the available literature on the effects of NAFTA on Canada, Mexico and the United States, and the world trading system; and evaluate how NAFTA will affect areas such as economic growth, employment, income distributi