Lawrence R. Klein Collegiate Professor of Economics
Department of Economics
tel 734 764-5419
Fax 734 764-2769
shapiro @ umich.edu
Econ 495, Seminar in economics (honors)
Econ 612, Advanced macroeconomics
My NBER Working Papers are available through the National Bureau of Economic Research.
Institute for Social Research
Survey Research Center
Michigan Census Research Data Center
“Harnessing Naturally Occurring Data to Measure the Response of Spending to Income” by Michael Gelman, Shachar Kariv, Matthew D. Shapiro, Dan Silverman, and Steven Tadelis. Science 345 (11 July 2014) 212-215.
Links to article and supplemental materials: reprint, abstract, full text, and supplemental materials
Link to data at Berkeley Econometrics Lab (EML): data
“Forecasting the Recovery from the Great Recession: Is This Time Different?” by Kathryn M.E. Dominguez and Matthew D. Shapiro. American Economic Review Papers and Proceedings 103(3) (2013) 147–152. PDF file, On-line Appendix, Data files.
“Why Does Trend Growth Affect Equilibrium Employment? A New Explanation of an Old Puzzle” by Michael W.L. Elsby and Matthew D. Shapiro, American Economic Review 102(4) (2012) 1378–1413. PDF file, On-line Appendix, Data files. Previously circulated as "Stepping Off the Wage Escalator: The Effects of Wage Growth on Equilibrium Employment."
“Check in the Mail or More in the Paycheck: Does the Effectiveness of Fiscal Stimulus Depend on How It Is Delivered?” by Claudia R. Sahm, Matthew D. Shapiro, and Joel Slemrod. American Economic Journal: Economic Policy 4 (2012) 216–250. http://dx.doi.org/10.1257/pol.4.3.216. PDF file
"Household Response to the 2008 Tax Rebates: Survey Evidence and Aggregate Implications" by Claudia R. Sahm, Matthew D. Shapiro, and Joel Slemrod. Tax Policy and the Economy 24 (2010) 69-110. PDF file
"Oil and the Macroeconomy: Lessons for Monetary Policy" by Ethan S. Harris, Bruce C. Kasman, Matthew D. Shapiro, and Kenneth D. West. US Monetary Policy Forum Conference Paper, February 2009 (Revised November 2009). PDF file
"Did the 2008 Tax Rebates Stimulate Spending?" by Matthew D. Shapiro and Joel Slemrod. American Economic Review Papers and Proceedings 99 (May 2009) 374-379. PDF file
"Risk Preferences in the PSID: Individual Imputations and Family Covariation." by Miles S. Kimball, Claudia R. Sahm, and Matthew D. Shapiro. American Economic Review Papers and Proceedings 99 (May 2009) 363-368. PDF file Appendix
For information about using risk tolerance imputations, see risk preference data page.
"Imputing Risk Tolerance from Survey Responses" by Miles S. Kimball, Claudia Sahm, and Matthew D. Shapiro, Journal of the American Statistical Association 103 (Sept 2008) 1028-1038. PDF file
For information about using risk tolerance imputations, see risk preference data page.
"Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation" by Christopher L. House and Matthew D. Shapiro. American Economic Review 98:3 (June 2008) 737-768. PDF file | Summary from NBER Digest.
"Monetary Policy When Potential Output Is Uncertain: Understanding the Growth Gamble of the 1990s," by Yuriy Gorodnichenko and Matthew D. Shapiro. Journal of Monetary Economics 54 (2007) 1132-1162. PDF file
"Why Do Computers Depreciate?" by Michael J. Geske, Valerie A. Ramey, and Matthew D. Shapiro. In Hard-to-Measure Goods and Services: Essays in Memory of Zvi Griliches, Ernst R. Berndt and Charles R. Hulten, Eds.
. PDF file Chicago: Universityof Chicago Press, 2007
Discussion of "Federal Government Debt and Interest Rates" by Eric Engen and R. Glenn Hubbard, NBER Macroeconomics Annual 19 (2004) 148-156. PDF file
"Did The 2001 Tax Rebate Stimulate Spending? Evidence From Taxpayer Surveys" by Matthew D. Shapiro and Joel Slemrod. Tax Policy and the Economy, ed James Poterba.
: MIT Press, 2003. PDF file Cambridge
"Consumer Response to Tax Rebates" (Revised version, October 2002) by Matthew D. Shapiro and Joel Slemrod. American Economic Review 93 (March 2003) 381-396 PDF file
Executive Summary | Survey Instrument. Working paper version with regression analysis Working Paper
"Displaced Capital: A Study of Aerospace Plant Closings" by Valerie Ramey and Matthew Shapiro Journal of Political Economy 109 (October 2001) 958-992. PDF file
"Productivity Growth in the 1990s: Technology, Utilization, or Adjustment?" by Susanto Basu, John G. Fernald, and Matthew D. Shapiro, Prepared for the Carnegie-Rochester Conference on Public Policy, November 2000, Revised June 2001 PDF file Carnegie-Rochester Conference Series on Public Policy 55 (2001) 117-165.
"Labor and the Sustainability of Output and Productivity Growth" (January 2001) by Rebecca M. Blank and Matthew D. Shapiro. Prepared for the Russell-Sage Foundation/Century Foundation Sustainable Employment Conference. PDF file
"High-Frequency Substitution and the Measurement of Price Indexes" by Robert Feenstra and Matthew Shapiro. In Scanner Data and Price Indexes, eds. Robert Feenstra and Matthew Shapiro.
Chicago: Press, 2003. PDF file Universityof Chicago
"Measuring the Value of Cataract Surgery," by Irving Shapiro, Matthew Shapiro, and David Wilcox. In Medical Care Output and Productivity, David M. Cutler and Ernst R. Berndt, eds.
Chicago: Press, 2001. PDF file Universityof Chicago
"Quality Improvement in Health Care: A Framework for Price and Output Measurement," by Irving Shapiro, Matthew Shapiro, and David Wilcox, American Economic Review Proceedings 89 (May 1999) 333-337. PDF file.
Scanner Data and Price Indexes, eds. Robert Feenstra and Matthew Shapiro.
Chicago: Press, 2003. Universityof Chicago
"How Individuals Smooth Spending: Evidence from the 2013 Government Shutdown Using Account Data." by Michael Gelman, Shachar Kariv, Matthew D. Shapiro, Dan Silverman, and Steven Tadelis. February 2015. Revised December 2016. pdf appendix
"The Response of Consumer Spending to Changes in Gasoline Prices." by Michael Gelman, Yuriy Gorodnichenko, Shachar Kariv, Dmitri Koustas, Matthew D. Shapiro, Dan Silverman, and Steven Tadelis. August 2016. pdf appendix
"Portfolio Rebalancing in General Equilibrium." by Miles S. Kimball, Matthew D. Shapiro, Tyler Shumway, and Jing Zhang. Unpublished paper, University of Michigan, Revised September 2016. pdf
"Balance-Sheet Households and Fiscal Stimulus: Lessons from the Payroll Tax Cut and Its Expiration" by Claudia R. Sahm, Matthew D. Shapiro, and Joel Slemrod. revised August 2016. pdf.
"Heterogeneity in Expectations, Risk Tolerance, and Household Stock Shares." by John Ameriks, Gábor Kézdi, Minjoon Lee, and Matthew D. Shapiro. Revised 2016. pdf appendix.
"Reconsidering the Consequences of Worker Displacements: Firm versus Worker Perspective." by Aaron Flaaen, Matthew D. Shapiro, and Isaac Sorkin. October 2013. New Version December 2016. pdf
"Late-in-Life Risks and the Under-Insurance Puzzle." by John Ameriks, Joseph Briggs, Andrew Caplin, Matthew D. Shapiro, and Christopher Tonetti. November 2016. pdf.
"The Wealth of Wealthholders." by John Ameriks, Andrew Caplin, Minjoon Lee, Matthew D. Shapiro, and Christopher Tonetti. Vanguard Research Initiative Working Paper. December 2014. pdf. Appendices and surveys. VRI Survey 1 Documentation and Tabulations.
"Long-Term Care Utility and Late in Life Saving." by John Ameriks, Joseph Briggs, Andrew Caplin, Matthew D. Shapiro, and Christopher Tonetti. Vanguard Research Initiative Working Paper. January 2015. pdf. Appendices and surveys.
"Using Social Media to Measure Labor Market Flows." by Dolan Antenucci, Michael Cafarella, Margaret C. Levenstein, Christopher Re, and Matthew D. Shapiro. April 2013. Revised March 2014. pdf. Real-time predictions of Initial Claims for Unemployment Insurance.
"Using the Survey of Plant Capacity to Measure Capital Utilization." by Yuriy Gorodnichenko and Matthew D. Shapiro. U.S. Census Bureau. Center for Economic Studies Discussion Paper 11-18, July 2011. pdf
"The Effects of the Financial Crisis on the Well‐Being of Older Americans: Evidence from the Cognitive Economics Study" by Matthew D. Shapiro, September 2010. PDF file
"Labor Supply: Are Income and Substitution Effects Both :Large or Both Small?" by Miles S. Kimball and Matthew D. Shapiro, updated June 2010. PDF file. Appendices.
"The Retirement Elasticity" by Miles S. Kimball and Matthew D. Shapiro, June 2003. PDF file This paper extends the framework of "Labor Supply: Are Income and Substitution Effects Both :Large or Both Small?" to consider the retirement margin for labor supply and how wealth shocks (e.g., a change in the value of Social Security benefits) affect retirement age.
"Survey Methods in Macroeconomics" Lawrence R. Klein Collegiate Professorship Inaugural Lecture, April 17, 2007.
"Bush Stimulus May Have Only Modest Effect" by Christopher :L. House, Matthew D. Shapiro, and Joel Slemrod, Wall Street Journal Online (Jan. 10, 2008)
"Tax cuts aren't economic cure-alls" by Matthew D. Shapiro and Joel Slemrod,
Free Press (Feb. 12, 2001) Detroit
"Economic Stimulant: Sales Tax" by Matthew D. Shapiro,
Times (Dec. 16, 1991) New York