Monthly Archives: May 2014

More Insurers Lower Premiums: Evidence from Initial Pricing in the Health Insurance Marketplaces

From Leemore Dafny, Jonathan Gruber, and Christopher Ody: First-year insurer participation in the Health Insurance Marketplaces (HIMs) established by the Affordable Care Act is limited in many areas of the country. There are 3.9 participants, on (population-weighted) average, in the 395 … Continue reading

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Fiscal Risk and the Portfolio of Government Programs

From Sam Hanson, David Scharfstein, and Adi Sunderam: This paper proposes a new approach to social cost-benefit analysis using a model in which a benevolent government chooses risky projects in the presence of market failures and tax distortions. The government internalizes … Continue reading

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Technological Innovation, Resource Allocation, and Growth

From Leonid Kogan, Dimitris Papanikolaou, Amit Seru, Noah Stoffman: We explore the role of technological innovation as a source of economic growth by constructing direct measures of innovation at the firm level. We combine patent data for US firms from 1926 … Continue reading

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The economic effects of territorial taxation, with remarks by Jason Furman

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Timothy Geithner: The Vox interview – Vox

Timothy Geithner: The Vox interview – Vox.

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The Effect of School Finance Reforms on the Distribution of Spending, Academic Achievement, and Adult Outcomes

From Kirabo Jackson, Rucker Johnson, Claudia Persico: The school finance reforms (SFRs) that began in the early 1970s and accelerated in the 1980s caused some of the most dramatic changes in the structure of K-12 education spending in U.S. history.  We analyze the effects … Continue reading

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Labor Mobility within Currency Unions

From Ivan Werning and Emmanuel Fahri: We study the effects of labor mobility within a currency union suffering from nominal rigidities. When the demand shortfall in depressed region is mostly internal, migra- tion may not help regional macroeconomic adjustment. When … Continue reading

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