David Love

Assistant Professor of Economics

Office: South Academic Building Rm. 202
E-mail: dlove@williams.edu
Tel: (413)597-4473
Fax: (413)597-4045
Department of Economics
Williams College
South Academic Building
Williamstown, MA 01267

Education

Yale University, Ph.D., 2003
University of Michigan, B.A., 1996
Curriculum Vitae (PDF)

Fields of Specialization

Macroeconomics
Public Finance
Household saving and portfolio choice
Pension finance

Research

Publications and Working Papers

"Buffer Stock Saving in Retirement Accounts," Journal of Monetary Economics, 2006, Vol. 53(7) pp. 1473-1492.

"What Can the Life-Cycle Model Tell Us About 401(k) Contributions and Participation?" Journal of Pension Economics and Finance, 2007, Vol. 6(2) pp. 147-185.

"Why Do Firms Offer Risky Defined Benefit Pension Plans?" (with Paul Smith and David Wilcox), National Tax Journal, 2007, Vol. 60 (September), pp. 507-519.

"Measuring Dissaving out of Retirement Wealth" (with Paul Smith), Proceedings: Ninety- Ninth Annual Conference - 2006. Washington DC: National Tax Association, 2007, pp. 102-113.

"A New Look at the Wealth Adequacy of Older U.S. Households" (with Paul Smith and Lucy McNair), Review of Income and Wealth, 2008, Vol. 54(4), pp. 616-642.

"The Trajectory of Wealth in Retirement" (with Michael Palumbo and Paul Smith), Journal of Public Economics, 2009, Vol. 93 (February), pp. 191-208.

"The Effect of Marital Status and Children on Savings and Portfolio Choice," 2008. Review of Financial Studies. Forthcoming.

"Do Households Have Enough Wealth for Retirement?" (with Paul Smith and Lucy McNair), Finance and Economics Discussion Series 2007-17. Federal Reserve Board, 2007.

"Does Health Affect Portfolio Choice?" (with Paul Smith), Finance and Economics Discussion Series 2007-45. Federal Reserve Board, 2007. Under review.

"Should Risky Firms Offer Risk-Free DB Pensions?" with Paul Smith and David Wilcox, 2008.

"Should the Old Play It Safe? Portfolio Choice in the Presence of Age-Dependent Background Risk," with Maria Perozek, 2007.

"Grades, Course Evaluations, and Academic Incentives," with Matthew Kotchen, Eastern Economic Journal. Forthcoming.

"Do 401(k)s Substitute for IRAs?" June 2003.

Work in Progress

"Freezes, Fires, and Terminations: Risky Pensions and Household Saving," with Paul Smith, 2007.

"A Life-Cycle Model of Charitable Giving," with Jon Bakija and Matthew Kotchen, 2007.

 

Selected Work Experience

Visiting Scholar, Columbia Business School, 2008
Visiting Assistant Professor, Columbia Business School, 2007-2008
University of Geneva: International Organizations MBA, Spring 2006
Economist, Federal Reserve Board, 2005-2006