Office Address:	Department of Economics Ben-Gurion University of the Negev P.O. Box 653 Beer-Sheva 84105, Israel
	Tel:	+972-8-647-2289
	Fax:	+972-8-647-2941
	E-Mail:	avia@bgu.ac.il

Research Interests | General Information | Publications
Working Papers | Conferences

• Macroeconomics and Monetary Theory
• Pensions
• Economics of Uncertainty and Insurance

Education

1977	Ph.D. in Economics, Hebrew University of Jerusalem, Israel
1972	M.A. in Economics, Hebrew University of Jerusalem, Israel
1969	B.A. in Economics and History, Hebrew University of Jerusalem, Israel

Academic and Public Appointments

2002 - 2006	Deputy Governor, Bank of Israel. Areas of resposibility: Financial Stability Team, Comptroller's office, Currency department.
1996 - present	Professor of Economics, Department of Economics, Ben-Gurion University of the Negev, Beer-Sheva, Israel
1991 - present	Incumbent of the Paul Ivanier Chair for Managerial Economics
1988 - 1996	Associate Professor of Economics, Ben-Gurion University of the Negev
1988 (summer)	Visiting Fellow, Massachusetts Institute of Technology, U.S.A.
1983 - 1988	Senior Lecturer with Tenure, Ben-Gurion University of the Negev
1987	Visiting Professor of Economics, Boston University, U.S.A.
1983 - 1985	Visiting Lecturer of Economics, University of Pennsylvania, U.S.A.
1979 - 1983	Lecturer of Economics, Ben-Gurion University of the Negev
1978 - 1979	Visiting Assistant Professor, University of California, U.S.A.
1977 - 1978	Visiting Assistant Professor, Brown University, U.S.A.
1975 - 1977	Instructor, Ben-Gurion University of the Negev

Honors and Awards

1977	Shoenbrun prize for best Ph.D. Thesis
1973	Mif'al Hapais prize for outstanding M.A. Thesis

Macroeconomics and Monetary policy

• A. Arnon, I. Luski A. Spivak and J. Weinblatt: The Palestinian Economy in the West Bank and Gaza Strip: From Imposed Integration to Voluntary Separation, A book published by: E.J. Brill, Leiden, The Netherlands, 1997.
• A. Arnon and A. Spivak, eds., "Government Involvement in Immigrant Absorption", A Symposium published in: The Economic Quarterly, No. 149, pp. 298-331, September 1991 (Hebrew).
• A. Spivak and J. Weinblatt, "Industrialists' Expectations in Israel" in: Studies in the Economics of Israel, 1982 (Hebrew).
• A. Spivak and J. Weinblatt, "The Variability of Real Wages in Israel" in: Studies in the Economics of Israel, 1981 (Hebrew).
• A. Arnon and A. Spivak: "Monetary Integration between the Israeli, Jordanian and Palestinian Economies", Weltwirschftliches Archives, Vol. 132 (2), pp.259-271, 1996.
• A. Arnon, A. Spivak: "On the Introduction of a Palestinian Currency", The Middle East Business and Economic Review, Vol. 8 (1), pp.1-14, January 1996.
• A. Arnon and A. Spivak: "Remarks on 'The Protocol on Economic Relations' between Israel and the Palestinians - the Monetary Aspect", The Economic Quarterly, Anno 42, No.1, pp. 155-159, April 1995. (Hebrew).
• A. Levy, A. Spivak: "How does the Public Perceive an Unprecedented Rise in Inflation: The Case of Inflationary Expectations in Israel", Journal of Macroeconomics, Vol.10, No. 2, pp. 273-82, Spring 1988.
• A. Spivak, J. Weinblatt and B.Z. Zilberfarb, "Inflation and Wage Indexation with Multiperiod Contracts", European Economic Review, Vol. 31, pp. 1299-312, 1987.
• U. Litvin, L. Meridor and A. Spivak, "Inflation and the Money Supply Process in Israel", in: Bank of Israel Review, No. 62, pp. 63-79, June 1987 (Hebrew).
• A. Spivak, J. Weinblatt and B.Z. Zilberfarb, "Wage Indexation and Economic Stability: An Empirical Result", Economics Letters, Vol. 17, pp. 331-3, 1985.

Pension

• A. Spivak: "The Pension Fund Reform". In: Avi Ben-Bassat (ed.) The Israeli Economy, 1985-1998, From Government intervention to Market Economics pp. 221-242, The MIT Press, Cambridge MA, 2002.
• Also in: A. Ben-Bassat (ed): The Israeli Economy 1985-1998: From Market Intervention to Market Economics, pp.257-290. (Hebrew), Am-Oved Publishers, Tel-Aviv, 2001.
• E. Terkel and A. Spivak: "Towards Mandatory Pension Coverage in Israel" The Economic Quarterly, pp. 317-334, 2001.(Hebrew).
• Y. Lavi and A. Spivak: "The Impact of Pension Schemes on Saving in Israel", Applied Economics vol. 31, pp. 761-774, 1999.
• Also as: Y. Lavi and A. Spivak: "The Impact of Pension Reform on Saving and the Capital Markets in Israel: Alternative Scenarios", The Economic Quarterly, Anno 43, No.1 , pp. 202-235, 1996. (Hebrew)
• A. Spivak: "The Pension Crisis in Israel: A Conceptual Framework and Possible Solutions", The Economic Quarterly, Anno 41, No. 3, pp. 484-523, October 1994.(Hebrew).
• L.J. Kotlikoff, J. Shoven and A. Spivak, "Annuity Markets, Savings and the Capital Stock" in Z. Bodie, J. Shoven, D. Wise (eds.) Issues in Pension Economics, Chicago University Press, 1987.
• L.J. Kotlikoff, J. Shoven and A. Spivak, "The Effect of Annuity Insurance on Savings and Inequality", Journal of Labor Economics, Vol. 4, pp. 183-207, 1986.
• Also in: L.J. Kotlikoff: What Determines Savings? MIT Press: Cambridge MA and London, 1989, pp. 109-140.
• L.J. Kotlikoff, A. Spivak and L.H. Summers, "The Adequacy of Savings", American Economic Review, Vol. 72, pp. 1056-69, December 1982.
• Also in: L.J. Kotlikoff, ibid, pp. 429-54.
• L.J. Kotlikoff and A. Spivak, "The Family as an Incomplete Annuities Market", Journal of Political Economy, Vol. 89, No. 2, pp. 372-91, April 1981.
• Also in: L.J. Kotlikoff, ibid, pp. 88-108.

Economics of Uncertainty and Insurance

• R. Barniv, F. Schroath, and A. Spiva: "The Relationship Between Deductibles and Wealth: The Case of Flood Insurance," Journal of Insurance Issues, Vol. 22, No. 1, pp. 78-97, Spring 1999.
• U. Segal and A. Spivak: "First Order of Risk Aversion and Non-Differentiability", Economic Theory, Vol. 9, pp.179-183, 1997.
• Z. Safra, U. Segal and A. Spivak, "Preference Reversal and Non-Expected Utility Behavior", American Economic Review, Vol. 80, pp. 922-30, 1990.
• U. Segal and A. Spivak, "First Order Versus Second Order of Risk Aversion", Journal of Economic Theory, Vol. 51, pp. 111-25, June 1990.
• Z. Safra, U. Segal and A. Spivak, "The Becker-DeGroot-Marschak Mechanism and Nonexpected Utility: A Testable Approach", Journal of Risk and Uncertainty, Vol. 3, No.2, pp. 177-190, June 1990.
• U. Segal and A. Spivak, "Non-Expected Utility Risk Premiums: The Cases of Probability Ambiguity and Outcome Uncertainty", Journal of Risk and Uncertainty, Vol. 1, pp. 333-47, 1988.
• U. Segal, A. Spivak and J. Zeira, "Precautionary Saving and Risk Aversion: An Anticipated Utility Approach", Economics Letters, vol 27, pp. 223-227, 1988.

Other Topics

• U. Segal and A. Spivak, "Firm Size and Optimal Growth Rates", European Economic Review, Vol. 33, pp. 159-67, 1989.
• M. Cherkes, J. Friedman and A. Spivak, "The Disinterest in Deregulation: A Comment", American Economic Review, Vol. 76, pp. 559-63, 1986.
• U. Segal and A. Spivak, "On the Single Membership Constituency and the Law of Large Numbers: A Note", Public Choice, Vol. 49, pp. 183-90, 1986.
• A. Spivak, "Efficient Allocations under a General Transaction Technology", Journal of Economic Theory, Vol.22, No. 3, pp. 465-76, June 1980.
• A. Spivak, "A Note on Arrow-Hahn's Resource-Relatedness (or McKenzie's Irreducibility)", International Economic Review, Vol. 19, No. 2, pp. 527-31, June 1978.

• ...to be updated...

1993	Paper presented at the Brussels Conference on Peace in the Middle East, "Alternative Monetary Regimes for the West Bank and Gaza, Israel and Jordan".
1987	Co-organizer, International Conference on Current Issues in Social Security and Pensions, Ben-Gurion University.
1986	Paper presented at the First Congress of the European Economic Association, "On the Efficiency and Stability of Marriage", Vienna, 1986.
1984	Summer Institute, National Bureau of Economic Research on Social Security and Uncertainty, Boston.
1984	Invited lecture at The American Enterprise Institute on the Economic Crisis in Israel ,Washington.