Director and Research Professor, Survey Research Center, Lawrence R Klein Collegiate Professor of Economics, Professor of Economics, College of Literature, Science, and the Arts
Biography
Dr. Shapiro is a macroeconomist who has carried out research on business cycles, fiscal and monetary policy, consumption and saving, financial decision-making, economics of aging, and economic measurement. His current research includes using naturally-occurring data, also known as big data, for studying economic outcomes. This work uses checking and credit card accounts to estimate how spending responds to income. He also studies saving for retirement and long-term care using survey and financial account data. Currently, he co-leads a project that aims to re-engineer how inflation and GDP statistics are constructed by building them up from item-level retail transactions.
Projects
Funded Research
- A Census-Enhanced Health and Retirement Study: A Proposal to Create and Analyze an HRS Dataset Enhanced with Characteristics of Employers
- Credit and Labour Market Foundations of the Macroeconomy
- Harnessing Naturally-Occurring Data to Study Financial Change of Older Americans
- Re-Inventing Measurement of Key Economic Indicators
Publications
- Weinberg, Daniel H.; Abowd, John M.; Belli, Robert F.; Cressie, Noel; Folch, David C.; Holan, Scott H.; Levenstein, Margaret C.; Olson, Kristen M.; Reiter, Jerome P.; Shapiro, Matthew D.; Smyth, Jolene D.; Soh, Leen-Kiat; Spencer, Bruce D.; Spielman, Seth E.; Vilhuber, Lars; Wikle, Christopher K. (2018). Effects of a Government-Academic Partnership: Has the NSF-Census Bureau Research Network Helped Improve the US Statistical System?. Journal of Survey Statistics and Methodology.
- Gelman, Michael; Kariv, Shachar; Shapiro, Matthew D.; Silverman, Dan; Tadelis, Steven (2018). How individuals respond to a liquidity shock: Evidence from the 2013 government shutdown. Journal of Public Economics.
- Gelman, M.; Kariv, S.; Shapiro, Matthew D.; Silverman, D. and Tadelis, S. (2014). Microeconomics. Harnessing Naturally Occurring Data to Measure the Response of Spending to Income. Science (New York, N.Y.), 345(6193), 212-215.
- Sahm, Claudia R.; Shapiro, Matthew D. and Slemrod, Joel (2012). Check in the Mail Or More in the Paycheck: Does the Effectiveness of Fiscal Stimulus Depend on how it is Delivered?. American Economic Journal: Economic Policy, 4(3), 216-250.
- Elsby, Michael W. L. and Shapiro, Matthew D. (2012). Why does Trend Growth Affect Equilibrium Employment? A New Explanation of an Old Puzzle. American Economic Review, 102(4), 1378-1413.
- Sahm, C. R.; Shapiro, Matthew D. and Slemrod, J. (2010). Household Response to the 2008 Tax Rebate: Survey Evidence and Aggregate Implications. Tax Policy and the Economy, 24, 69-110.
- Kimball, Miles S.; Sahm, Claudia R. and Shapiro, Matthew D. (2009). Risk Preferences in the PSID: Individual Imputations and Family Covariation. American Economic Review, 99(2), 363-68.
- Shapiro, Matthew D. (2009). Taxes and Business Investment: Lessons from the Past Decade, Discussion. In Viard,Alan D. (Ed.), Tax Policy Lessons from the 2000s. AEI Press:Washington, D.C.
- Kimball, Miles S.; Sahm, C. and Shapiro, Matthew D. (2008). Imputing Risk Tolerance from Survey Responses. Journal of the American Statistical Association, 103(483), 1028-1038.
- House, Christopher L. and Shapiro, Matthew D. (2008). Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation. American Economic Review, 98(3), 737-768.