Max M. Schanzenbach

Northwestern University - Pritzker School of Law

Professor

375 E. Chicago Ave

Chicago, IL 60611

United States

SCHOLARLY PAPERS

31

DOWNLOADS
Rank 3,005

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Top 3,005

in Total Papers Downloads

15,546

SSRN CITATIONS
Rank 9,025

SSRN RANKINGS

Top 9,025

in Total Papers Citations

76

CROSSREF CITATIONS

68

Scholarly Papers (31)

Jurisdictional Competition for Trust Funds: An Empirical Analysis of Perpetuities and Taxes

Yale Law Journal, Vol. 115, p. 356, 2005, Northwestern Law & Econ Research Paper No. 05-07, NYU, Law and Economics Research Paper No. 05-26
Number of pages: 83 Posted: 14 Feb 2005
Robert H. Sitkoff and Max M. Schanzenbach
Harvard University - Harvard Law School and Northwestern University - Pritzker School of Law
Downloads 2,465 (6,892)
Citation 9

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Rule against perpetuities, jurisdictional competition, regulatory competition, trust funds, estate tax, generation skipping transfer tax, fiduciary income tax, self-settled trust, asset protection trust, wealth transfer taxes

Jurisdictional Competition for Trust Funds: An Empirical Analysis of Perpetuities and Taxes

NYU Working Paper No. CLB-06-034
Number of pages: 83 Posted: 31 Oct 2008
Robert H. Sitkoff and Max M. Schanzenbach
Harvard University - Harvard Law School and Northwestern University - Pritzker School of Law
Downloads 93 (347,884)

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2.

Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee

72 Stanford Law Review 381 (2020), Northwestern Law & Econ Research Paper No. 18-22, Harvard Public Law Working Paper No. 19-50
Number of pages: 74 Posted: 06 Sep 2018 Last Revised: 02 Mar 2020
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 2,254 (8,126)
Citation 1

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Truste, trustee, prudent investor rule, ESG, environmental social and governance, law and economics, law and finance, trust, pension, charity, endowment, active investing, active shareholding, contrarian investment, SRI, socially responsible investment, ethical investing, sustainable investing

3.

The Effect of Prison Sentence Length on Recidivism: Evidence from Random Judicial Assignment

Northwestern Law & Econ Research Paper No. 16-08
Number of pages: 29 Posted: 12 Dec 2015 Last Revised: 21 May 2016
Michael A Roach and Max M. Schanzenbach
Middle Tennessee State University and Northwestern University - Pritzker School of Law
Downloads 877 (34,258)
Citation 6

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Deterrence, specific deterrence, judging, crime, recidivism

4.

Did Reform of Prudent Trust Investment Laws Change Trust Portfolio Allocation?

Journal of Law and Economics, Vol. 50, 2007, Harvard Law and Economics Discussion Paper No. 580, NYU Law and Economics Research Paper No. 05-30, Northwestern Law & Econ Research Paper No. 05-27
Number of pages: 32 Posted: 09 Dec 2005 Last Revised: 09 Jul 2008
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 836 (36,591)
Citation 1

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prudence, trust investment law, modern portfolio theory, investment, prudent investor rule, prudent man rule, agency costs, fiduciary

The Prudent Investor Rule and Market Risk: An Empirical Analysis

Journal of Empirical Legal Studies, Volume 14, Issue 1, 129-68, March 2017, Harvard Public Law Working Paper No. 15-06, Northwestern Public Law Research Paper No. 15-16
Number of pages: 40 Posted: 25 Mar 2015 Last Revised: 03 Dec 2020
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 828 (36,500)
Citation 1

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prudent man rule, prudent investor rule, trust investment, fiduciary investment, prudent investor, modern portfolio theory, agency costs, fiduciary, fiduciary duties, risk tolerance, rebalancing, portfolio management

The Prudent Investor Rule and Market Risk: An Empirical Analysis

Journal of Empirical Legal Studies, Vol. 14, Issue 1, pp. 129-168, 2017
Number of pages: 40 Posted: 28 May 2020
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 0
Citation 1
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6.

The Impact of Tort Reform on Private Health Insurance Coverage

American Law and Economics Review Vol. 12(2) 2019 . 319-355, U of Texas Law, Law and Econ Research Paper No. 187, Northwestern Public Law Research Paper No. 07-16
Number of pages: 37 Posted: 26 Jun 2007 Last Revised: 25 Jul 2019
Ronen Avraham and Max M. Schanzenbach
Tel Aviv University - Buchmann Faculty of Law and Northwestern University - Pritzker School of Law
Downloads 725 (44,449)
Citation 2

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tort law, health law, health economics, insurance

Racial Disparities under the Federal Sentencing Guidelines: The Role of Judicial Discretion and Mandatory Minimums

Forthcoming, Journal of Empirical Legal Studies Vol. 9, No. 4 (Dec. 2012)
Number of pages: 50 Posted: 09 Jul 2010 Last Revised: 12 Jul 2012
Joshua B. Fischman and Max M. Schanzenbach
University of Virginia School of Law and Northwestern University - Pritzker School of Law
Downloads 694 (46,500)

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Sentencing Guidelines, Criminal Justice, Racial Disparity

Racial Disparities Under the Federal Sentencing Guidelines: The Role of Judicial Discretion and Mandatory Minimums

Journal of Empirical Legal Studies, Vol. 9, Issue 4, pp. 729-764, 2012
Number of pages: 36 Posted: 08 Nov 2012
Joshua B. Fischman and Max M. Schanzenbach
University of Virginia School of Law and Northwestern University - Pritzker School of Law
Downloads 2 (816,763)
Citation 3
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The Prudent Investor Rule and Trust Asset Allocation: An Empirical Analysis

American College of Trust and Estate Counsel Journal, Vol. 35, p. 314, 2010, Harvard Law and Economics Discussion Paper No. 668, Northwestern Law & Econ Research Paper No. 11-05
Number of pages: 19 Posted: 29 Jan 2011 Last Revised: 10 Mar 2011
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 369 (101,520)

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prudent man rule, prudent investor rule, trust investment law, modern portfolio theory, agency costs, fiduciary, ERISA

The Prudent Investor Rule and Trust Asset Allocation: An Empirical Analysis

ACTEC Journal, Vol. 35, p. 314, 2010, Harvard Law and Economics Discussion Paper No. 668
Number of pages: 19 Posted: 15 Jul 2010 Last Revised: 06 Sep 2010
Robert H. Sitkoff and Max M. Schanzenbach
Harvard University - Harvard Law School and Northwestern University - Pritzker School of Law
Downloads 304 (125,786)

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prudent man rule, prudent investor rule, trust investment law, modern portfolio theory, agency costs, fiduciary, ERISA

9.

Good Cop, Bad Cop: Using Civilian Allegations to Predict Police Misconduct

Number of pages: 64 Posted: 10 Nov 2016 Last Revised: 05 Aug 2018
Kyle Rozema and Max M. Schanzenbach
Washington University in St. Louis - School of Law and Northwestern University - Pritzker School of Law
Downloads 620 (54,702)
Citation 12

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Policing, Personnel Economics, Police Misconduct, Civil Rights, Civil Rights Litigation, Public Finance

10.

Medical Malpractice Reform

F. Parisi (ed.), Oxford Handbook of Law and Economics (Oxford Univ. Press, Forthcoming), U of Texas Law, Law and Econ Research Paper No. E558, Northwestern Public Law Research Paper No. 15-23, Northwestern Law & Econ Research Paper No. 15-08
Number of pages: 37 Posted: 17 Mar 2015 Last Revised: 26 Apr 2015
Ronen Avraham and Max M. Schanzenbach
Tel Aviv University - Buchmann Faculty of Law and Northwestern University - Pritzker School of Law
Downloads 615 (55,273)

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11.

ESG Investing: Theory, Evidence, and Fiduciary Principles

Journal of Financial Planning
Number of pages: 9 Posted: 04 Sep 2020 Last Revised: 12 Oct 2020
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 546 (64,244)
Citation 1

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Truste, Trustee, Prudent Investor Rule, ESG, Environmental Social and Governance, Law and Economics, Law and Finance, Trust, Pension, Charity, Endowment, Active Investing, Active Shareholding, Contrarian Investment, SRI

12.

Perpetuities, Taxes, and Asset Protection: An Empirical Assessment of the Jurisdictional Competition for Trust Funds

ANNUAL HECKERLING INSTITUTE ON ESTATE PLANNING, Tina Portando, ed., Vol. 42, Chapter 12, 2008, Harvard Law and Economics Discussion Paper No. 609
Number of pages: 33 Posted: 02 Apr 2008 Last Revised: 19 Jun 2008
Robert H. Sitkoff and Max M. Schanzenbach
Harvard University - Harvard Law School and Northwestern University - Pritzker School of Law
Downloads 499 (71,792)

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rule against perpetuities, jurisdictional competition, regulatory competition, trust funds, estate tax, generation skipping transfer tax, fiduciary income tax, self-settled trust, asset protection trust, wealth transfer taxes, bequest motive, trust modification, trust termination

Perpetuities or Taxes? Explaining the Rise of the Perpetual Trust

Cardozo Law Review, Vol. 27, 2006, Northwestern Law & Econ Research Paper No. 840286, NYU, Law and Economics Research Paper No. 05-25
Number of pages: 46 Posted: 04 Nov 2005
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 432 (84,561)

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rule against perpetuities, jurisdictional competition, regulatory competition, trust funds, estate tax, generation skipping transfer tax, fiduciary income tax, wealth transfer taxes, bequest motive, trust modification, trust termination

Perpetuities or Taxes? Explaining the Rise of the Perpetual Trust

NYU Working Paper No. CLB-06-030
Number of pages: 46 Posted: 31 Oct 2008
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 48 (496,641)

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14.

Fiduciary Financial Advice to Retirement Savers: Don't Overlook the Prudent Investor Rule

Harvard John M. Olin Center for Law, Economics, and Business, Discussion Paper No. 867, 2016, Northwestern Law & Econ Research Paper No. 16-11, Harvard Public Law Working Paper No. 16-48
Number of pages: 14 Posted: 15 Jun 2016 Last Revised: 13 Dec 2016
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 472 (76,787)

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fiduciary, fiduciary investment, prudent investor rule, Department of Labor, retirement account, pension account, ERISA, best interest, modern portfolio theory, investment policy statement, retirement saver

15.

Strategic Judging Under the United States Sentencing Guidelines: Positive Political Theory and Evidence

Northwestern University School of Law, Law and Economics Research Paper Series, Forthcoming
Number of pages: 51 Posted: 06 Apr 2005
Max M. Schanzenbach and Emerson H. Tiller
Downloads 392 (95,433)
Citation 8

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Law and positive political theory, judges, judicial hierarchy, law and politics, criminal sentencing, sentencing guidelines

16.

Financial Advisers Can't Overlook the Prudent Investor Rule

Journal of Financial Planning (August 2016), Northwestern Law & Econ Research Paper No. 16-14, Harvard Public Law Working Paper No. 17-01
Number of pages: 4 Posted: 09 Aug 2016 Last Revised: 05 Apr 2017
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 343 (110,995)

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fiduciary, fiduciary investment, prudent investor rule, Department of Labor, retirement account, pension account, ERISA, best interest, modern portfolio theory, investment policy statement, retirement saver

17.
Downloads 318 (120,628)
Citation 12

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Judicial decision-making, criminal law, sentencing, political science

18.

Fiduciary Financial Advisers and the Incoherence of a 'High-Quality Low-Fee' Safe Harbor

Northwestern Law & Econ Research Paper No. 15-18
Number of pages: 28 Posted: 19 Sep 2015 Last Revised: 25 Nov 2015
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 255 (151,582)

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fiduciary, fiduciary investment, prudent investor rule, Department of Labor, retirement account, pension account, ERISA, best interest, safe harbor, modern portfolio theory

19.

Policing Politics at Sentencing

Northwestern University Law Review, Vol. 103, pp. 1371, 2009, U of Penn Law School, Public Law Research Paper No. 08-37, Northwestern Public Law Research Paper No. 08-29
Number of pages: 28 Posted: 07 Mar 2008 Last Revised: 12 Nov 2009
Stephanos Bibas, Max M. Schanzenbach and Emerson H. Tiller
Downloads 252 (153,419)

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criminal law and procedure, sentencing, guidelines, discretion

20.

Do Standards of Review Matter? The Case of Federal Criminal Sentencing

40 Journal of Legal Studies 405 (2011), Virginia Public Law and Legal Theory Research Paper No. 2010-23
Number of pages: 37 Posted: 16 Jul 2009 Last Revised: 04 Jul 2012
Joshua B. Fischman and Max M. Schanzenbach
University of Virginia School of Law and Northwestern University - Pritzker School of Law
Downloads 245 (157,696)
Citation 1

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The Impact of Tort Reform on Employer-Sponsored Health Insurance Premiums

Journal of Law, Economics, and Organization, December 2010, CELS 2009 4th Annual Conference on Empirical Legal Studies Paper, U of Texas Law, Law and Econ Research Paper No. 196
Number of pages: 30 Posted: 02 Aug 2009 Last Revised: 14 Feb 2011
Ronen Avraham, Leemore S. Dafny and Max M. Schanzenbach
Downloads 186 (203,921)
Citation 7

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health care reform, tort reform, insruance

The Impact of Tort Reform on Employer-Sponsored Health Insurance Premiums

NBER Working Paper No. w15371
Number of pages: 41 Posted: 28 Sep 2009 Last Revised: 05 Jul 2010
Ronen Avraham, Leemore S. Dafny and Max M. Schanzenbach
Downloads 33 (573,678)

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22.

The Impact of Tort Reform on Intensity of Treatment: Evidence from the Heart Patients

Journal of Health and Economics Volume 39, pp 273-288 (January 2015)
Number of pages: 49 Posted: 02 Aug 2009 Last Revised: 25 Jul 2019
Ronen Avraham and Max M. Schanzenbach
Tel Aviv University - Buchmann Faculty of Law and Northwestern University - Pritzker School of Law
Downloads 212 (181,095)
Citation 10

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defensive medicine, induced demand, offensive medicine, tort reform

23.

Risk Management and the Prudent Investor Rule

Trusts & Estates Magazine, November 2020, Northwestern Law & Econ Research Paper No. 20-11
Number of pages: 6 Posted: 25 Jan 2021 Last Revised: 10 Feb 2021
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 130 (273,938)

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prudent man rule, prudent investor rule, trust investment, fiduciary investment, prudent investor, modern portfolio theory, agency costs, fiduciary, fiduciary duties, risk tolerance, rebalancing, portfolio management

24.

Does Discipline Decrease Police Misconduct? Evidence from Chicago Civilian Allegations

Number of pages: 70 Posted: 22 Sep 2020 Last Revised: 24 May 2021
Kyle Rozema and Max M. Schanzenbach
Washington University in St. Louis - School of Law and Northwestern University - Pritzker School of Law
Downloads 121 (289,014)

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Police misconduct, deterrence, discipline

25.

Reclaiming Fiduciary Law for the City

Stanford Law Review, Vol. 70, February 2018
Number of pages: 78 Posted: 08 Mar 2018
Max M. Schanzenbach and Nadav Shoked
Downloads 91 (352,412)

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fiduciary duties, local government, duty of care, public trust

26.
Downloads 86 (362,397)

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Criminal Law, Procedure, Economics, Law

27.
Downloads 78 (384,009)

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Trustee, Prudent Investor Rule, Loyalty, Names Rule, Mutual Fund, Investment Company, Investment Company Act, ESG, Environmental Social and Governance, Law and Economics, Law and Finance, Trust, Pension, Charity, Endowment, Active Investing

28.

Comment Letter of Professors Max M. Schanzenbach and Robert H. Sitkoff on the Department of Labor’s Proposed Rulemaking on Financial Factors in Selecting Plan Investments

Harvard Public Law Working Paper No. 20-24, Northwestern Law & Econ Research Paper No. 20-12
Number of pages: 12 Posted: 04 Sep 2020 Last Revised: 12 Mar 2021
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard University - Harvard Law School
Downloads 66 (420,866)
Citation 1

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Trustee, Prudent Investor Rule, Loyalty, Names Rule, Mutual Fund, Investment Company, Investment Company Act, ESG, Environmental Social and Governance, Law and Economics, Law and Finance, Trust, Pension, Charity, Endowment, Active Investing

29.

The State and Local Pay Penalty: The Effect of Skill and College Major

Northwestern Law & Econ Research Paper No. 13-36
Number of pages: 59 Posted: 31 Oct 2013 Last Revised: 10 Dec 2015
Max M. Schanzenbach
Downloads 59 (445,159)

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Public sector economics, wage differentials

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Discrimination, Law, Justice, Criminal, Procedure, Law and Economics