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Andrew B. Abel
Ronald A. Rosenfeld Professor, Department Chair


Education

PhD, Massachusetts Institute of Technology, 1978; AB, Princeton University, 1974

Career and Recent Professional Awards; Teaching Awards

Fellow, Econometric Society, 1991; John Kenneth Galbraith Award, Harvard University, 1984; MBA Core Curriculum Cluster Award, 1996-97

Academic Positions Held

Wharton: 1986-present (named Ronald A. Rosenfeld Professor, 2003; Robert Morris Professor of Banking, 1989-2003; Ronald O. Perelman Professor of Finance, 1988-89; Amoco Term Professor of Finance, 1986-88). Previous appointments: Harvard University; University of Chicago. Visiting appointments: Tel Aviv University; The Hebrew University of Jerusalem

Other Positions

Research Associate, National Bureau of Economic Research, 1983-; Member, Long-Term Modeling Group, Congressional Budget Office, 2001; Member Panel of Economic Advisers, Congressional Budget Office, 2001-2005; Member, Technical Panel on Assumptions and Methods, Social Security Advisory Board, 1999; Visiting Scholar, Federal Reserve Bank of Philadelphia, 1989-92, 1996; Economic Consultant, Bank of Portugal, 1976

Professional Leadership 2005-2009

Advisory Board, Carnegie-Rochester Conference Series on Public Policy, 1990-present.

For more information, go to My Personal Page

Publications
Andrew B. Abel, Janice C. Eberly, Stavros Panageas (2007), Optimal Inattention to the Stock Market, American Economic Review, 97, 2 (May 2007), 244-249.
Andrew B. Abel (2005), Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption, The Review of Economic Studies, 72, 1 (January 2005), 21-42.
Andrew B. Abel (2003), The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security, Econometrica, 71, 2 (March 2003), 551-578.
Andrew B. Abel (2002), An Exploration of the Effects of Pessimism and Doubt on Asset Returns, Journal of Economic Dynamics and Control, 26, 7-8 (July 2002), 1075-1092.
Andrew B. Abel (2001), Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire?, Review of Economics and Statistics, 83, 4 (November 2001), 589-595.

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Current Research
Andrew B. Abel, Janice C. Eberly, Stavros Panageas 2009, Optimal Inattention to the Stock Market with Information Costs and Transactions Costs
Andrew B. Abel, Janice C. Eberly 2008, How Q and Cash Flow Affect Investment without Frictions: An Analytic Explanation

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Abel B. Andrew
Andrew B. Abel
2315 Steinberg-Dietrich Hall
Philadelphia, PA 19104
Phone: (215) 898-4801
abel@wharton.upenn.edu

Research Interests:
Macroeconomics; saving and investment; monetary economics; asset pricing; social security; costly observations and transactions