Demand heterogeneity in insurance markets: Implications for equity and efficiency [0.03%]
保险市场中的需求差异性及其对公平性和效率的影响
Michael Geruso
Michael Geruso
In many markets insurers are barred from price discrimination based on consumer characteristics like age, gender, and medical history. In this paper, I build on a recent literature to show why such policies are inefficient if consumers diff...
Income dynamics in the United Kingdom and the impact of the Covid-19 recession [0.03%]
英国的收入动态以及新冠疫情的影响
Brian Bell,Nicholas Bloom,Jack Blundell
Brian Bell
In this paper, we use an employer-based survey of earnings and hours to set out the key patterns in UK earnings dynamics from 1975 to 2020, with a particular focus on the most recent recession. We demonstrate that (log) earnings changes exh...
Martin Bodenstein,Giancarlo Corsetti,Luca Guerrieri
Martin Bodenstein
We integrate an epidemiological model, augmented with contact and mobility analyses, with a two-sector macroeconomic model, to assess the economic costs of labor supply disruptions in a pandemic. The model is designed to capture key charact...
Pierre-André Chiappori,Krislert Samphantharak,Sam Schulhofer-Wohl et al.
Pierre-André Chiappori et al.
We show how to use panel data on household consumption to directly estimate households' risk preferences. Specifically, we measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model, which we th...
Analyzing social experiments as implemented: A reexamination of the evidence from the HighScope Perry Preschool Program [0.03%]
实地分析社会实验：对Perry preschool项目证据的再检验
James Heckman,Seong Hyeok Moon,Rodrigo Pinto et al.
James Heckman et al.
Social experiments are powerful sources of information about the effectiveness of interventions. In practice, initial randomization plans are almost always compromised. Multiple hypotheses are frequently tested. "Significant" effects are of...
Effects of school reformon education and labor market performance: Evidence from Chile's universal voucher system [0.03%]
学校改革对教育和劳动力市场表现的影响——来自智利全民教育券制度的证据
David Bravo,Sankar Mukhopadhyay,Petra E Todd
David Bravo
This paper studies the effects of school reform in Chile, which adopted a nationwide school voucher program along with school decentralization reforms in 1981. Since then, Chile has had a relatively unregulated, competitive market in primar...