Kent Smetters is the Boettner Chair Associate Professor at the University of Pennsylvania's Wharton School and a faculty research fellow at the National Bureau of Economic Research. He previously served as deputy assistant secretary for economic policy at the U.S. Treasury. He coauthored Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities(AEI Press, 2003) and coedited The Pension Challenge: Risk Transfers and Retirement Income Security (Oxford University Press, 2004). He has published academic articles in leading journals, including the American Economic Review, the Journal of Political Economy, and The Quarterly Journal of Economics. He is often cited in major media outlets.
Associate Professor, 2004-present; Research Associate, Pension Research Council, 1998-present; Assistant Professor, 1998-2004, Department of Insurance and Risk Management, Wharton School, University of Pennsylvania
Member, National Academy of Social Insurance, 2002-present
Research Associate, Public Economics, 2001-present; Faculty Research Fellow, Aging Program, 2000-present, National Bureau of Economic Research
Research Associate, Michigan Retirement Research Center, 2000-present
Sloan Fellow, Wharton Financial Institutions Center, 1999-present; Research Associate, Population Studies Center, 1998-present, University of Pennsylvania
Consultant, 2002-2003; Deputy Assistant Secretary for Economic Policy, 2001-2002, U.S. Department of the Treasury
Member, Blue Ribbon Advisory Panel on Dynamic Scoring, U.S. Congress, 2002-2003
Kaiser Visiting Professor, Department of Economics, Stanford University, 2000-2001
Consultant, World Bank, 1999
Consultant, Urban Institute, 1998-99
Economist, Congressional Budget Office, 1995-99
Ph.D., M.A., economics, Harvard University
B.S., economics; B.S., computer science, Ohio State University
Those who follow the debate over fair-market valuation of public pension liabilities are aware that economists argue for using lower discount rates to value public pension liabilities but often are unaware of why economists believe what they do. This paper aims to better articulate those beliefs.
Members of the Social Security Advisory Board's 2007 technical panel will discuss its final report, which could alter views regarding the future Social Security financing shortfall and how it might be addressed.
From humble beginnings twenty-five years ago on Wall Street, the leveraged buyout boom has developed into a veritable industry; today, 30 percent of all corporate merger and acquisition activity in the United States is driven by buyout firms, and the sector commands over $2 trillion in leveraged assets. Along with...
Spending on health care has been growing faster than the economy for many years, representing a challenge both for the government’s two major health insurance programs, Medicare and Medicaid, and for the private sector. The Congressional Budget Office (CBO) has just released an important new study suggesting that future health...
The annual Social Security Trustees Reports have projected for several years that the current Social Security program is not sustainable over the long term under scheduled benefits and taxes. But a number of commentators have suggested that the trustees are too pessimistic in their projections, thereby painting an unnecessarily bleak...