15 January 2020
The Affordable Care Act requires insurers to provide cost-sharing reductions to low-income consumers on health insurance marketplaces. Kurt J. Lavetti
, Thomas DeLeire
, and Nicolas R. Ziebarth
calculate that these taxpayer-funded price subsidies increase demand for high-value care, but also for inefficient low-value care.
14 January 2020
Cross-industry comparisons reveal that industries dominated by highly educated workers experienced higher-than-average productivity growth that is more than sufficient to account for increasing skill differentials, Edward P. Lazear
13 January 2020
Recognizing that the price that consumers face for a given good is likely to vary at any point in time, Victor Chernozhukov
, Jerry A. Hausman
, and Whitney K. Newey
apply machine learning tools to develop new estimators of both demand elasticities and consumer surplus. Applied to household purchases of soft drinks, they find that demand elasticities tend to be smaller in panel than in cross-sectional data.
10 January 2020
, Victor Lavy
, and Maayan Segev
study a shift in Israeli kibbutzim from equal sharing to productivity-based wages and find that the shift spurred a dramatic increase in the rate of return to schooling and a large increase in the probability of receiving a bachelor degree, especially in STEM fields.
9 January 2020
Being better-looking is associated with higher objective learning outcomes among children in the US and UK, according to Daniel S. Hamermesh
, Rachel A. Gordon
, and Robert Crosnoe
. A person whose looks are judged to be one standard deviation above average attains 0.4 years more schooling than an otherwise identical individual.