Eytan Sheshinski
    Eytan Sheshinki

    Hebrew University of Jerusalem
    Department of Economics

    Sir Isaac Wolfson Professor of Public Finance


    Eytan Sheshinski is the Sir Isaac Wolfson Professor of Public Finance Emeritus at the Hebrew University of Jerusalem. His recent research has focused on the taxation of non-renewable resources, social insurance and markets for annuities, behavioral public economics and the social implications of bounded rationality.

    Dr. Sheshinski has been a Visiting Professor at Princeton, Harvard, Stanford, Columbia, California (Berkley), MIT, Brown and other Universities. He served on editorial boards of leading economic journals. He is a member of the American Academy, the Royal Swedish Academy and a Fellow of the Econometric Society. He received number of prizes and has a doctor Honoris-Causa from the Stockholm School of Economics.

    He has engaged extensively in economic policy in Israel. In 2010, after the discovery of large offshore gas deposits, he headed a committee on the taxation of the private franchisees of these deposits and in 2014 he headed another committee on the taxation of all other natural resources (mainly chemicals from the Dead sea).The recommendations of both committees were adopted by the Knesset and became laws (‘Sheshinski 1’ and ‘Sheshinski 2’).

    In the 1980’s Sheshinski was asked by the government to recommend methods to accelerate the sale of state owned enterprises in Israel by floating shares in stock markets.

    Sheshinski served as Chairman of the Board of directors of Koor Industries and on the board of directors of Psagot Investment House.

    • PhD, Economics, Massachusetts Institute of Technology
    • MA, Economics & Statistics, Hebrew University
    • BA, Economics, Hebrew University
    Research Interests

    Taxation of Non-Renewable Resources Social Insurance and Markets for Annuities
    Behavioral Public Economics Social Implications of Bounded Rationality

    Working Papers

    Social Security and the Increasing Longevity Gap

    This working paper contributes to the discussion about Social Security reform by developing a new measure of the progressivity of a Social Security system. The authors use this new measure to show that the growing gap in life expectancy between low-income and high-income Americans reduces the progressivity of the Social Security system by approximately three-quarters.

    Selected Academic Publications

    A Rational Economic Model of Paygo Tax Rates (with G. de Menil and F. Murtin and T. Yokossi). European Economic Review, 2016

    Note on Income Taxation and Occupational ChoiceResearch in Economics, 2016

    Environmental Protection and the Private Provision of International Public Goods (with M. Altemeyer-Bartscher and D. Rübbelke). Economica, 2010,

    Refundable AnnuitiesJournal of Public Economic Theory, 2010

    Optimum Commodity Taxation in Pooling Equilibria (with G. de Menil and F. Murtin and T. Yokossi). Journal of Public Economics, 2007


    Report of the Committee on Taxation of Natural Resources, Ministry of Finance, 2015

    Report of the Committee on Gas and Oil Royalties, Ministry of Finance, Israel, 2011 (adopted by the Knesst, termed the “Sheshinski Law”, 2011)

    The Economic Theory of Annuities, Princeton University Press, 2007

    Entrepreneurship Innovation and the Growth Mechanism of Free Market Economics , with W. Baumol (eds.), Princeton University Press, 2006

    Optimum Pricing, Inflation, and the Cost of Price Adjustment with Y. Weiss (eds.), M.I.T. Press, 1993

    Center for Growth and Opportunity

    Excellence in Innovation Series: Dr Eytan Sheshinski

    The Center for Growth and Opportunity at Utah State University was honored to host Dr. Eytan Sheshinski as the inaugural lecturer of its Excellence in Innovation Series.