Max M. Schanzenbach

Northwestern University - Pritzker School of Law

Professor

375 E. Chicago Ave

Chicago, IL 60611

United States

  • Northwestern University - Pritzker School of Law

SCHOLARLY PAPERS

26

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Top 3,093

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11,609

CITATIONS
Rank 10,702

SSRN RANKINGS

Top 10,702

in Total Papers Citations

39

Scholarly Papers (26)

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1.

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

Downloads 2,459 ( 4,946)
Citation 7

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 Law School and Northwestern University - Pritzker School of Law
Downloads 2,378 (5,109)
Citation 7

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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 Law School and Northwestern University - Pritzker School of Law
Downloads 81 (299,067)
Citation 7

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2.

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 Law School
Downloads 810 (28,590)
Citation 3

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

3.

The Impact of Tort Reform on Private Health Insurance Coverage

American Law and Economics Review, Forthcoming, 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 Sep 2015
Ronen Avraham and Max M. Schanzenbach
Tel Aviv University - Tel Aviv University, Buchmann Faculty of Law and Northwestern University - Pritzker School of Law
Downloads 702 (34,717)
Citation 3

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tort law, health law, health economics, insurance

4.

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: 27 Mar 2017
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard Law School
Downloads 653 (38,300)

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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

5.

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

Downloads 644 ( 38,962)

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 Law School
Downloads 354 (81,348)

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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 Law School and Northwestern University - Pritzker School of Law
Downloads 290 (101,707)

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

6.

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 - Tel Aviv University, Buchmann Faculty of Law and Northwestern University - Pritzker School of Law
Downloads 567 (46,119)

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7.

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 555 (47,385)

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Deterrence, specific deterrence, judging, crime, recidivism

8.

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

Downloads 554 ( 47,501)

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 552 (47,148)

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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 (650,840)
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9.

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

Stanford Law Review, Forthcoming, Northwestern Law & Econ Research Paper No. 18-22
Number of pages: 58 Posted: 06 Sep 2018 Last Revised: 24 Apr 2019
Max M. Schanzenbach and Robert H. Sitkoff
Northwestern University - Pritzker School of Law and Harvard Law School
Downloads 520 (51,493)

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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

10.

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 Law School and Northwestern University - Pritzker School of Law
Downloads 481 (56,820)
Citation 5

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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

11.

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
University of Chicago - Law School and Northwestern University - Pritzker School of Law
Downloads 460 (60,076)

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

12.

Perpetuities or Taxes? Explaining the Rise of the Perpetual Trust

Downloads 456 ( 60,718)
Citation 3

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 Law School
Downloads 413 (67,773)
Citation 3

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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 Law School
Downloads 43 (411,671)
Citation 3

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13.

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 Law School
Downloads 453 (61,216)

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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

14.

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
Northwestern University - Pritzker School of Law and Northwestern University - Pritzker School of Law
Downloads 382 (75,057)
Citation 10

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

15.

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 Law School
Downloads 313 (94,164)

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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

16.

Reviewing the Sentencing Guidelines: Judicial Politics, Empirical Evidence, and Reform

Northwestern Public Law Research Paper No. 07-17
Number of pages: 61 Posted: 21 Jun 2007
Max M. Schanzenbach and Emerson H. Tiller
Northwestern University - Pritzker School of Law and Northwestern University - Pritzker School of Law
Downloads 309 (95,516)
Citation 3

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

17.

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 Law School
Downloads 240 (124,553)

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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

18.

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
University of Pennsylvania Law School, Northwestern University - Pritzker School of Law and Northwestern University - Pritzker School of Law
Downloads 237 (126,161)

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criminal law and procedure, sentencing, guidelines, discretion

19.

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 228 (131,116)
Citation 2

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20.

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

Downloads 207 (143,799)
Citation 2

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
Tel Aviv University - Tel Aviv University, Buchmann Faculty of Law, Northwestern University - Department of Management & Strategy and Northwestern University - Pritzker School of Law
Downloads 177 (166,008)
Citation 2

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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
Tel Aviv University - Tel Aviv University, Buchmann Faculty of Law, Northwestern University - Department of Management & Strategy and Northwestern University - Pritzker School of Law
Downloads 30 (468,602)
Citation 2

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21.

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

Number of pages: 49 Posted: 02 Aug 2009 Last Revised: 30 Sep 2015
Ronen Avraham and Max M. Schanzenbach
Tel Aviv University - Tel Aviv University, Buchmann Faculty of Law and Northwestern University - Pritzker School of Law
Downloads 201 (147,788)
Citation 1

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defensive medicine, induced demand, offensive medicine, tort reform

22.

Handcuffing Justice: The Shaky Empirical Foundations of the Feeney Amendment

Journal of Empirical Legal Studies, Vol. 2, No. 1, March 2005
Number of pages: 53 Posted: 17 Feb 2005
Max M. Schanzenbach
Northwestern University - Pritzker School of Law
Downloads 81 (296,315)

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Criminal Law, Procedure, Economics, Law

23.

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
Northwestern University - Pritzker School of Law
Downloads 53 (370,097)

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Public sector economics, wage differentials

24.

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
Northwestern University - Pritzker School of Law and Northwestern University School of Law
Downloads 44 (400,164)

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

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26.

Racial and Gender Disparities in Prison Sentences: The Effect of District-Level Judicial Demographics

Journal of Legal Studies, Vol. 34, No. 1, pp. 57-92, January 2005
Posted: 17 Feb 2005
Max M. Schanzenbach
Northwestern University - Pritzker School of Law

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