SelectedWorks - Joydeep Bhattacharya

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Selected Works of Joydeep Bhattacharya

Professor of Economics

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About Joydeep Bhattacharya

Present	Professor, Iowa State University ‐ Department of Economics
Institution Organization Position Type Position Title Time Period to Options Current Position Affiliate my profile with this Institution

Economics, Growth and Development, and Income Distribution

Growth and Development, Income Inequality, Social Security, and Fertility

Sloan Foundation Doctoral Dissertation Fellowship, 1995-96

371 Heady

518 Farm House Ln

Ames, IA 50011-1054

Phone: 515-294-5886

Fax: 515-294-0221

Email:

Peer-Reviewed Articles (47)

Article

Reference-dependent preferences, time inconsistency, and pay-as-you-go pensions

Economic Inquiry (2021)

Torben M. Andersen, Joydeep Bhattacharya and Qing Liu

The classic Aaron–Samuelson result argues that pay-as-you-go (PAYG) pension schemes cannot coexist with higher-return, private, retirement-saving schemes. The ensuing literature ...

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Article

Pareto-improving transition to fully funded pensions under myopia

Journal of Demographic Economics (2021)

Torben M. Andersen, Joydeep Bhattacharya and Marias H. Gestsson

Under dynamic efficiency, a pay-as-you-go (PAYG) pension scheme helps the current generation of retirees but hurts future generations because they ...

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Article

A rational-choice model of Covid-19 transmission with endogenous quarantining and ...

Journal of Mathematical Economics (2021)

Joydeep Bhattacharya, Shankha Chakraborty and Xiumei Yu

This paper offers a parsimonious, rational-choice model to study the effect of pre-existing inequalities on the transmission of COVID-19. Agents ...

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Article

Why mandate young borrowers to contribute to their retirement accounts?

Economic Theory (2021)

Torben M. Andersen and Joydeep Bhattacharya

Many countries, in an effort to address the problem that too many retirees have too little saved up, impose mandatory ...

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Article

Exponential-growth prediction bias and compliance with safety measures related to ...

Social Science & Medicine (2021)

Ritwik Banerjee, Joydeep Bhattacharya and Priyama Majumdar

We conduct a unique, Amazon MTurk-based global experiment to investigate the importance of an exponential growth prediction bias (EGPB) in ...

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Article

Resolving intergenerational conflict over the environment under the Pareto criterion

Journal of Environmental Economics and Management (2020)

Torben M. Andersen, Joydeep Bhattacharya and Pan Liu

Climate change policies create intergenerational winners and losers because the costs come first and the benefits later. In such cases, ...

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Article

Intergenerational debt dynamics without tears

Review of Economic Dynamics (2020)

Torben M. Andersen and Joydeep Bhattacharya

Governments, motivated by a desire to improve upon long-run laissez faire, routinely undertake enduring, productive expenditures, say, in public education, ...

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Article

The fight-or-flight response to the Joneses and inequality

Journal of Economic Dynamics and Control (2019)

Richard C. Barnett, Joydeep Bhattacharya and Helle Bunzel

This paper studies the fight-or-flight ambivalence people show towards the success of the proverbial Joneses. If an agent cares about ...

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Article

Private versus public old-age security

Journal of Population Economics (2017)

Richard C. Barnett, Joydeep Bhattacharya and Mikko Puhakka

We directly compare two institutions, a family compact—a parent makes a transfer to her parent in anticipation of a possible ...

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Article

The Intergenerational Welfare State and The Rise and Fall of ...

The Economic Journal (2017)

Torben M. Andersen and Joydeep Bhattacharya

This paper develops a theory of the two-armed intergenerational welfare state, consistent with key features of modern welfare arrangements, and ...

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Article

Do the Joneses make you financially vulnerable?

Arthaniti: Journal of Economic Theory and Practice (2016)

Richard C. Barnett, Joydeep Bhattacharya and Helle Bunzel

This paper studies a model economy populated with agents of differing incomes that get a utility boost when their consumption ...

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Article

Contraception and the Demographic Transition

The Economic Journal (2016)

Joydeep Bhattacharya and Shankha Chakraborty

Inspired by the historical English experience, we modify the Beckerian paradigm of fertility by incorporating costly, societal inﬂuence on contraception. ...

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Article

Endogenous Borrowing Constraints and Wealth Inequality

Macroeconomic Dynamics (2016)

Joydeep Bhattacharya, Xue Qiao and Min Wang

This paper studies the evolution of wealth inequality in an economy with endogenous borrowing constraints. In the model economy, young ...

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Article

Optimal health and environmental policies in a pollution-growth nexus

Journal of Environmental Economics and Management (2015)

Min Wang, Jinhua Zhao and Joydeep Bhattacharya

This paper shows how policies aimed at insuring health risks and those intended to improve the environment are (and should ...

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Article

A dynamic-efficiency rationale for public investment in the health of ...

Canadian Journal of Economics (2014)

Torben M. Andersen and Joydeep Bhattacharya

In this paper, we assume away standard distributional and static-efficiency arguments for public health, and instead, seek a dynamic efficiency ...

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Article

Voting for income-immiserizing redistribution in the Meltzer-Richard model

Economic Inquiry (2014)

Richard C. Barnett, Joydeep Bhattacharya and Helle Bunzel

This paper argues that income received via redistributive transfers, unlike labor income, requires no direct sacrifice of leisure; this makes ...

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Article

Unfunded Pensions and Endogenous Labor Supply

Macroeconomic Dynamics (2013)

Torben M. Andersen and Joydeep Bhattacharya

A classic result in dynamic public economics states that there is no welfare rationale for pay-as-you-go (PAYG) pensions in a ...

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Article

Patience Cycles

Journal of Institutional and Theoretical Economics (2013)

Richard C. Barnett, Joydeep Bhattacharya and Mikko Puhakka

Evidence supports the notion that those who grow up to be patient do better than those who do not. Parents ...

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Article

Deviant generations, Ricardian equivalence, and growth cycles

Economic Theory (2013)

Richard C. Barnett, Joydeep Bhattacharya and Helle Bunzel

Two equilibrium possibilities are known to obtain in a standard overlapping-generations model with dynastic preferences: either the altruistic bequest motive ...

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Article

Fertility choice under child mortality and social norms

Economics Letters (2012)

Shankha Chakraborty and Joydeep Bhattacharya

In most demographic transitions, declines in child mortality precede declines in net fertility rates. Variants of the Barro–Becker model of ...

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Article

On Myopia as Rationale for Social Security

Economic Theory (2011)

Torben M. Andersen and Joydeep Bhattacharya

This paper revisits the role played by myopia in generating a theoretical rationale for pay-as-you-go social security in dynamically efficient ...

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Article

Optimal monetary rules under persistent shocks

Journal of Economic Dynamics and Control (2010)

Joydeep Bhattacharya and Rajesh Singh

The tug-o-war for supremacy between inflation targeting and monetary targeting is a classic, yet timely topic, in monetary economics. In ...

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Article

Resurrecting equilibria through cycles in an overlapping generations model of ...

Journal of Macroeconomics (2010)

Richard C. Barnett, Joydeep Bhattacharya and Helle Bunzel

Momentary equilibria are defined as points that satisfy agents’ optimality conditions and market clearing at any date. However, some dynamic ...

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Article

Why does overnight liquidity cost more than intraday liquidity?

Journal of Economic Dynamics and Control (2009)

Joydeep Bhattacharya, Joseph Haslag and Antoine Martin

In this paper, we argue that the observed difference in the cost of intraday and overnight liquidity is part of ...

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Article

Optimal monetary policy and economic growth

European Economic Review (2009)

Joydeep Bhattacharya, Joseph Haslag and Antoine Martin

A question at the center of many analyses of optimal monetary policy is, why do central banks never implement the ...

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Peer-Reviewed Articles (47)