Published Articles

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Letter: Magin Begs Liberals to Think Twice about Social Security Privatization—I Say, "Think Thrice", The Economists' Voice (2008)
Richard Serlin questions whether returns would really be abnormally high for privatized social security accounts.
 

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Letter: Informed Investors Have Limited Ability to Push Prices to Efficiency, The Economists' Voice (2006)
J. Bradford DeLong and Konstantin Magin's July, 2006 article gave several good reasons why "informed...
 

Working Papers

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Supply Side Explanation of the Equity Premium Puzzle (2009)
All of the explanations for the equity premium puzzle I have seen in the literature...
 

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Estimate of Risk of Privatized Social Security Should be based on Far More Information than Just Historical Stock and Bond Returns (2008)
All of the explanations for the equity premium puzzle I have seen in the literature...
 

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Let's Cut the Ammunition to the Housing Arms Race Permanently (2008)
The largest roots of today's epidemic of financial distress are the great increase in economic...
 

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Towards Better Estimation of Jump Diffusion Models (2007)
I discuss in-depth modern techniques for the estimation of Jump Diffusion models with suggestions for...
 

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Revisiting Random Walk Questions with Newer and Better Tools (2007)
I propose the use of Bayesian and Bootstraping Techniques to analyze the efficiency and nearness...
 

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Theoretical Constraints on the Price-Rent Ratio and Other Insights from a New Real Estate Model (2006)
I develop a model of the real estate market with rational informed individuals who are...
 

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Bias in What We Truly Want to Measure in the Most Common Test of Uncovered Interest Parity and a Suggestion for an Unbiased Alternative (2006)
The most common test of uncovered interest parity, performed in at least 75 studies, is...
 

Other Works

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Personal Finance Course for the Upcomming U of A Personal Finance Website (2009)
This is the current version (3.1) of the personal finance course I am writing for...
 

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Capital Gains Tax Cuts Decrease Revenue over the Long Run and Hurt the Economy (2008)
In the long run, and overall, capital gains tax cuts, do in fact cost the...
 

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Syllabus for My Online Personal Finance 1 Course, INDV 102 (2008)
This is the Spring 2008 syllabus for my basic and intermediate online personal finance course,...
 

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Introduction to Student Loan Debt, with Information on Important Related Subjects (2008)
Important information on student loans today, for example, did you know that fully private student...
 

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Compound Interest and the Power of Saving (2007)
This is an article with an included assignment that I give to my personal finance...
 

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Course Conclusion for my Personal Finance 1 Course, INDV 102 (2007)
This article concludes my personal finance 1 course by summarizing what I think are for...
 

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Investment Strategy (2007)
This is an article I assign to my personal finance 1 students about basic personal...
 

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A Tale of Three Couples (2006)
This is a fictional, but very plausible and realistic story, of three young couples who...
 

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Easy to Use Future Wealth Calculator (2006)
This is a calculator that I designed for my personal finance 1 students. It calculates...