Professor

Jerry Richard Green

Harvard Business School
Economist; Educator
Area
Social and Behavioral Sciences
Specialty
Economics
Elected
1994
One of the originators of the theory of rational expectations and of a variety of concepts and methods in the economics of incentives and information. He has pursued both theory and applications of these ideas in his work. He has written widely on the economics of contracts and their effects on risk-bearing. He analyzed the growth consequences of corporate and capital gains taxation, the mortgage market, the risk characteristics of private pensions and the implications of patent policy for the pace of innovation. His current research includes work on the annuities market and the decision to annuitize pension benefits, and on the reorganization of mutual life insurance companies into corporate forms with stock ownership.