Sang Yoon Tim Lee,Ananth Seshadri
Sang Yoon Tim Lee
We present a model in which human capital investments occur over the life cycle and across generations, à la Becker and Tomes. The human capital technology features multiple stages of childhood investments, college, and life cycle accumula...
Daniel Barth,Nicholas W Papageorge,Kevin Thom
Daniel Barth
We show that genetic endowments linked to educational attainment strongly and robustly predict wealth at retirement. The estimated relationship is not fully explained by flexibly controlling for education and labor income. We therefore inve...
Michael Geruso,Timothy Layton
Michael Geruso
In most US health insurance markets, plans face strong incentives to "upcode" the patient diagnoses they report to the regulator, as these affect the risk-adjusted payments plans receive. We show that enrollees in private Medicare plans gen...
Quantifying the Life-Cycle Benefits of an Influential Early-Childhood Program [0.03%]
量化一项有影响力的幼儿项目的生命期收益
Jorge Luis Garca,James J Heckman,Duncan Ermini Leaf et al.
Jorge Luis Garca et al.
This paper quantifies and aggregates the multiple lifetime benefits of an influential high-quality early childhood program with outcomes measured through midlife. Guided by economic theory, we supplement experimental data with non-experimen...
Subsidy Design in Privately Provided Social Insurance: Lessons from Medicare Part D [0.03%]
私人提供的社会保险中的补贴设计——源于Medicare Part D的启示
Francesco Decarolis,Maria Polyakova,Stephen P Ryan
Francesco Decarolis
The efficiency of publicly-subsidized, privately-provisioned social insurance programs depends on the interaction between strategic insurers and the subsidy mechanism. We study this interaction in the context of Medicare's prescription drug...
Jane Cooley Fruehwirth,Sriya Iyer,Anwen Zhang
Jane Cooley Fruehwirth
Depression is the leading cause of illness and disability in adolescence. Many studies show a correlation between religiosity and mental health, yet the question remains whether the relationship is causal. We exploit within-school variation...
Watersheds in Child Mortality: The Role of Effective Water and Sewerage Infrastructure, 1880 to 1920 [0.03%]
1880至1920年期间影响儿童死亡率的流域：有效供排水基础设施的作用
Marcella Alsan,Claudia Goldin
Marcella Alsan
We explore the first period of sustained decline in child mortality in the U.S. and provide estimates of the independent and combined effects of clean water and effective sewerage systems on under-five mortality. Our case is Massachusetts, ...
Returns to Education: The Causal Effects of Education on Earnings, Health, and Smoking [0.03%]
教育的收益：教育对收入、健康和吸烟影响的因果效应
James J Heckman,John Eric Humphries,Gregory Veramendi
James J Heckman
This paper estimates returns to education using a dynamic model of educational choice that synthesizes approaches in the structural dynamic discrete choice literature with approaches used in the reduced form treatment effect literature. It ...
In the Shadow of a Giant: Medicare's Influence on Private Physician Payments [0.03%]
笼罩下的巨人：医疗保险对私人医生收费的影响
Jeffrey Clemens,Joshua D Gottlieb
Jeffrey Clemens
We analyze Medicare's influence on private insurers' payments for physicians' services. Using a large administrative change in reimbursements for surgical versus medical care, we find that private prices follow Medicare's lead. A $1.00 incr...
Annamaria Lusardi,Pierre-Carl Michaud,Olivia S Mitchell
Annamaria Lusardi
We show that financial knowledge is a key determinant of wealth inequality in a stochastic lifecycle model with endogenous financial knowledge accumulation, where financial knowledge enables individuals to better allocate lifetime resources...