Essays in Public Health Insurance in Life-cycle Economies

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ISBN 13 :
Total Pages : 192 pages
Book Rating : 4.:/5 (746 download)

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Book Synopsis Essays in Public Health Insurance in Life-cycle Economies by : Lalita Chanwongpaisarn

Download or read book Essays in Public Health Insurance in Life-cycle Economies written by Lalita Chanwongpaisarn and published by . This book was released on 2010 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays in Health Insurance

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ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.:/5 (84 download)

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Book Synopsis Essays in Health Insurance by : Hubert Piotr Janicki

Download or read book Essays in Health Insurance written by Hubert Piotr Janicki and published by . This book was released on 2011 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work is driven by two facts. First, the majority of households in the U.S. obtain health insurance through their employer. Second, around 20% of working age households choose not to purchase health insurance. The link between employment and health insurance has potentially large implications for household selection into employment and participation in public health insurance programs. In these two essays, I address the role of public and private provisions of health insurance on household employment and insurance decisions, the distribution of welfare, and the aggregate economy. In the first essay, I quantify the effects of key parts of the 2010 health care reform legislation. I construct a lifecycle incomplete markets model with an endogenous choice of health insurance coverage and calibrate it to U.S. data. I find that the reform decreases the fraction of uninsured households by 94% and increases ex-ante household welfare by 2.3% in consumption equivalence. The main driving force behind the reduction in the uninsured population is the health insurance mandate, although I find no significant welfare loss associated with the elimination of the mandatory health insurance provision. In the second essay, I provide a quantitative analysis of the role of medical expenditure risk in the employment and insurance decisions of households approaching retirement. I construct a dynamic general equilibrium model of the household that allows for self-selection into employment and health insurance coverage. I find that the welfare cost of medical expenditure risk is large at 5% of lifetime consumption equivalence for the non-institutionalized population. In addition, the provision of health insurance through the employer accounts for 20% of hours worked for households ages 60-64. Finally, I provide an quantitative analysis of changes in Medicare minimum eligibility age in a series of policy experiments.

Essays on the Effects of Public Health Insurance Policies on Health Care Utilization, Expenditure, and Well-being

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ISBN 13 :
Total Pages : 150 pages
Book Rating : 4.:/5 (116 download)

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Book Synopsis Essays on the Effects of Public Health Insurance Policies on Health Care Utilization, Expenditure, and Well-being by : Tu Nguyen (Ph. D. in economics)

Download or read book Essays on the Effects of Public Health Insurance Policies on Health Care Utilization, Expenditure, and Well-being written by Tu Nguyen (Ph. D. in economics) and published by . This book was released on 2020 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Standard of Living

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Publisher : Springer Nature
ISBN 13 : 3031064771
Total Pages : 477 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Standard of Living by : Patrick Gray

Download or read book Standard of Living written by Patrick Gray and published by Springer Nature. This book was released on 2022-09-23 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: This anthology honors the life and work of American economist John E. Murray, whose work on the evolution of the standard of living spanned multiple disciplines. Publishing extensively in the areas of the history of healthcare and health insurance, labor markets, religion, and family-related issues from education to orphanages, fertility, and marriage, Murray was much more than an economic historian and his influence can be felt across the wider scholarly community. Written by Murray’s academic collaborators, mentors, and mentees, this collection of essays covers topics such as the effect of the 1918 influenza pandemic on U.S. life insurance holdings, the relationship between rapid economic growth and type 2 diabetes, and the economics of the early church. This volume will be of use to scholars and students interested in economic history, cliometrics, labor economics, and American and European history, as well as the history of religion.

Essays in the Economics of Health Insurance

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Essays in the Economics of Health Insurance by : Natalia Serna

Download or read book Essays in the Economics of Health Insurance written by Natalia Serna and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rising health care costs motivate the use of demand- and supply-side mechanisms to control the consumption of health services, and generate incentives for insurers to engage in risk selection strategies. Using data from the Colombian health care system, I first measure how demand for different health services responds to cost-sharing using a regression discontinuity design. I then study how cost-sharing impacts negotiated service prices between insurers and hospitals using a model of Nash-in-Nash bargaining. Finally, I quantify the impact of risk selection incentives on hospital network breadth using a model of insurer competition in networks. I find that cost-sharing is effective at reducing health care costs, but that consumption reductions happen across necessary and unnecessary services. Counterfactual simulations show that negotiated hospital prices are U-shaped with respect to the coinsurance rate, and minimized at a coinsurance rate of 30 percent. Findings of the model of insurer competition in networks show that insurers engage in risk selection by providing narrow networks. Improving the risk adjustment formula reduces selection incentives and motivates insurers to expand their networks in every health service. Allowing insurers to compete on premiums and networks, shows that price and non-price characteristics of insurance contracts are substitute mechanisms for risk selection.

Essays on the Economics of Health Insurance, Labor Markets, and Migration

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ISBN 13 :
Total Pages : 368 pages
Book Rating : 4.:/5 (985 download)

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Book Synopsis Essays on the Economics of Health Insurance, Labor Markets, and Migration by : Ricki Marie Sears Dolan

Download or read book Essays on the Economics of Health Insurance, Labor Markets, and Migration written by Ricki Marie Sears Dolan and published by . This book was released on 2016 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation contains three chapters, two which focus on health insurance and one focusing on migration. The first chapter examines how a policy expanding public health insurance for young children affected their parents' labor market and health insurance outcomes. I use variation in the initial income thresholds, children's age cutoffs and timing of implementation across states to estimate the effect of a person's youngest child gaining access to public health insurance on self-employment. I find that having a child become Medicaid eligible increases a father's self-employment and increases his business income. I find no significant effect on self-employment for mothers, but I find that the increasing eligibility is associated with a large negative effect on their probability of remaining in a wage job. The second chapter examines how expanding dependent health insurance for young adults affects the health insurance and labor market outcomes of those young adults and their parents. I exploit two sources of variations in the age at which young adults age out of their parents' health insurance: i) state reforms passed between 2000 and 2010 that extended the maximum age of health insurance dependents beyond 18 and ii) the Affordable Care Act that extended coverage for all young adults in the United States until their 26th birthdays. Using regression discontinuity, I find evidence that the policies increased young adult dependent coverage. Dependent coverage for eligible young adults increased by 8 percentage points over ineligible young adults, while health insurance in the young adults' own name decreased by 6.5 percentage points. I also see evidence that parents of eligible young adults responded by changing their own coverage. The final chapter investigates the relationship between children and migration using data from the American Communities Survey. To address the issue that both migration and fertility might be correlated with unobserved variables I use twin births as an instrumental variable for the number of children. I find that that an additional child decreases migration by 0.6 percentage points and decreases the probability that a woman lives in her birth state by 1.4 percentage points. This suggests that more children hinder migration.

Moral Hazard in Health Insurance

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Publisher : Columbia University Press
ISBN 13 : 0231538685
Total Pages : 161 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Moral Hazard in Health Insurance by : Amy Finkelstein

Download or read book Moral Hazard in Health Insurance written by Amy Finkelstein and published by Columbia University Press. This book was released on 2014-12-02 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the challenge of covering heath care expenses—while minimizing economic risks. Moral hazard—the tendency to change behavior when the cost of that behavior will be borne by others—is a particularly tricky question when considering health care. Kenneth J. Arrow’s seminal 1963 paper on this topic (included in this volume) was one of the first to explore the implication of moral hazard for health care, and Amy Finkelstein—recognized as one of the world’s foremost experts on the topic—here examines this issue in the context of contemporary American health care policy. Drawing on research from both the original RAND Health Insurance Experiment and her own research, including a 2008 Health Insurance Experiment in Oregon, Finkelstein presents compelling evidence that health insurance does indeed affect medical spending and encourages policy solutions that acknowledge and account for this. The volume also features commentaries and insights from other renowned economists, including an introduction by Joseph P. Newhouse that provides context for the discussion, a commentary from Jonathan Gruber that considers provider-side moral hazard, and reflections from Joseph E. Stiglitz and Kenneth J. Arrow. “Reads like a fireside chat among a group of distinguished, articulate health economists.” —Choice

Essays in Economics of Public Health Insurance in Developing Countries

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (841 download)

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Book Synopsis Essays in Economics of Public Health Insurance in Developing Countries by : Phatta Kirdruang

Download or read book Essays in Economics of Public Health Insurance in Developing Countries written by Phatta Kirdruang and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays in the Economics of Healthcare and Health Insurance

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ISBN 13 :
Total Pages : 218 pages
Book Rating : 4.:/5 (769 download)

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Book Synopsis Essays in the Economics of Healthcare and Health Insurance by : Bradley Thomas Howells

Download or read book Essays in the Economics of Healthcare and Health Insurance written by Bradley Thomas Howells and published by . This book was released on 2011 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation contributes in two distinct ways to our understanding of the economics of healthcare and health insurance. Chapter 2 studies the decision process by which physicians allocate medical treatments to heart attack patients. The approach provides insight into the sources of well documented, but unexplained, disparities across demographic dimensions in health care utilization rates and health outcomes. In the model medical providers know how treatment alternatives affect patient-specific probabilities of three final health outcomes - death, readmission, and survival without readmission - and assign implicit values to each outcome that vary by patient age. The model does well in explaining the joint variation in treatments and outcomes, especially when including unobserved patient heterogeneity. Using decomposition methods, I show that a substantial fraction of gender differences in the use of intensive treatment is explained by a combination of the differences in the relative efficacy of treatment options for female patients, and the smaller implicit weight given to final outcomes of older patients. Chapter 3 explores how reforms to cash-assistance welfare programs in the United States in the mid 1990s acted as a structural shift in the health insurance and employment environment of lower income single mothers and find there may have been unintended consequences for this population's access to health insurance. With a more structured approach than is common in the literature, I estimate short and long run employment and insurance dynamics before and after the reforms. I show that reform reduced use of cash-assistance and increased the probability of employment, but created a less stable employment and health insurance environment. After the reform low income single mothers were less likely to retain the same employment and insurance status over a four month period. Although policy did not target Medicaid eligibility, individuals were less likely to retain Medicaid enrollment over the short and longer run after reform.

Essays on the Economics of Health Insurance

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ISBN 13 :
Total Pages : 294 pages
Book Rating : 4.:/5 (815 download)

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Book Synopsis Essays on the Economics of Health Insurance by :

Download or read book Essays on the Economics of Health Insurance written by and published by . This book was released on 2012 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation focuses on the economics of health insurance. In the first essay, I take advantage of discontinuities in the structure of Wisconsin's Medicaid program to identify the effects of cost-sharing on insurance status, utilization, and health outcomes for low-income families. I use a three year administrative panel of enrollment data and health insurance claims for the universe of enrollees to inform my estimates. I find that an increase in the premium from zero to ten dollars results in 1.4 fewer months enrolled and reduces the probability of a one year enrollment spell by 12 percentage points, but other discrete changes in premium amounts do not affect enrollment. Copayments for emergency department visits of $15-60 reduce total visits by as much as 50%, but the reductions come from both necessary and unnecessary care, implying a potentially negative effect on health. In the second essay, which is joint work with colleagues from Wisconsin's BadgerCare Plus evaluation team (Thomas DeLeire, Donna Friedsam, Daphne Kuo, Lindsey Leininger, Sarah Meier, and Kristen Voskuil), I use administrative data from Wisconsin to estimate the percent of individuals newly enrolled in public health coverage that had access to private, employer-sponsored health insurance at the time of their enrollment and the percent that was uninsured. We estimate that among all new enrollees approximately 21% had access to private health insurance at the time of enrollment and that only 10% dropped this coverage. The third essay considers that in markets for health insurance consumers may have private information about their health risk that leads to self-selection into more generous insurance plans. This phenomenon, known as adverse selection, can result in market failures. In joint work with Gaston Palmucci, I use individual-level claims data covering the universe of private insurance enrollees in Chile from 2006-2009 to investigate the potential for adverse selection in the Chilean market for private health insurance using traditional reduced form tests. The results indicate the presence of asymmetric information in Chile.

Essays on the Economics of Health Insurance

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ISBN 13 :
Total Pages : 262 pages
Book Rating : 4.:/5 (238 download)

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Book Synopsis Essays on the Economics of Health Insurance by : Flora Hsui-Chen Tsui

Download or read book Essays on the Economics of Health Insurance written by Flora Hsui-Chen Tsui and published by . This book was released on 1995 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:

U.S. Health in International Perspective

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Publisher : National Academies Press
ISBN 13 : 0309264146
Total Pages : 421 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis U.S. Health in International Perspective by : National Research Council

Download or read book U.S. Health in International Perspective written by National Research Council and published by National Academies Press. This book was released on 2013-04-12 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is among the wealthiest nations in the world, but it is far from the healthiest. Although life expectancy and survival rates in the United States have improved dramatically over the past century, Americans live shorter lives and experience more injuries and illnesses than people in other high-income countries. The U.S. health disadvantage cannot be attributed solely to the adverse health status of racial or ethnic minorities or poor people: even highly advantaged Americans are in worse health than their counterparts in other, "peer" countries. In light of the new and growing evidence about the U.S. health disadvantage, the National Institutes of Health asked the National Research Council (NRC) and the Institute of Medicine (IOM) to convene a panel of experts to study the issue. The Panel on Understanding Cross-National Health Differences Among High-Income Countries examined whether the U.S. health disadvantage exists across the life span, considered potential explanations, and assessed the larger implications of the findings. U.S. Health in International Perspective presents detailed evidence on the issue, explores the possible explanations for the shorter and less healthy lives of Americans than those of people in comparable countries, and recommends actions by both government and nongovernment agencies and organizations to address the U.S. health disadvantage.

Essays on the Economics of Health Insurance Markets

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ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.:/5 (17 download)

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Book Synopsis Essays on the Economics of Health Insurance Markets by : Richard Domurat

Download or read book Essays on the Economics of Health Insurance Markets written by Richard Domurat and published by . This book was released on 2018 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation includes three chapters on the health insurance markets established by the Affordable Care Act (ACA), known as exchanges. Chapter 1 estimates the demand for each plan in the California exchange using a discrete choice model. The model incorporates heterogeneity in consumer preferences and in product characteristics, including hospital and primary care physician (PCP) networks. Endogeneity of prices is addressed using networking hospital costs as instruments, and prices for any given plan can vary across consumers within a market. Consumers are highly sensitive to prices, with market shares declining by 3%-5% for just a $1 increase in the premium. Demand also responds to hospital and PCP networks, but to a relatively small degree. Along the take-up margin, a $1 increase in premium subsidy increases take-up by 1.4%. Chapter 2 uses a structural model of demand and supply to examine how two insurance market regulations--community rating and risk adjustment--affect prices and enrollment in the ACA exchange in California. Without risk adjustment, community rating in the ACA would lead to a significant reduction in enrollment in desirable plans and in take-up overall. Risk adjustment under the ACA roughly restores relative shares across plans to what they would be without community rating; however, the reduction in take-up is not restored. An alternative risk adjustment method can increase enrollment by 3.0% and would have little impact on government spending. Chapter 3, written jointly with Isaac Menashe and Wesley Yin, examines the impact of information on insurance take-up in the ACA. We exploit experimental variation in the information mailed to 87,000 households in California's exchange to study the role of frictions in insurance take-up. We find that a basic reminder of the enrollment deadline raised enrollment by 1.4 pp (or 16 percent). Compared to the reminder alone, also reporting personalized subsidy benefits increases take-up among low-income individuals, but decreases take-up among higher-income individuals. This is despite reminder-only recipients eventually observing their subsidies before purchase. Finally, the letter interventions induced healthier individuals into the market, lowering aggregate spending risk by 5.9 percent, suggesting these interventions can improve both enrollment and average market risk.

Three Essays on the Economics of Health Insurance

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (939 download)

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Book Synopsis Three Essays on the Economics of Health Insurance by : Joseph Orsini

Download or read book Three Essays on the Economics of Health Insurance written by Joseph Orsini and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation explores the functioning of the non-group health insurance market under various regulatory regimes. The first chapter estimates the relationship between health status and product choice in this market prior to the Affordable Care Act (ACA). I use insurers' decisions of whether to approve or reject applications for health insurance to identify this relationship. These decisions are based upon a comprehensive health history that the consumer must disclose to the insurer upon applying. I assume that the insurer uses this health history, as well as the financial characteristics of the product that was applied for, to estimate the expected cost of insuring the consumer, approving whenever this cost exceeds the product's premium. This assumption allows me to estimate how insurers' forecasts of applicants' costs differ depending on the type of product chosen in a discrete choice framework. I estimate that demanders of high deductible coverage are much costlier to insure than others. Additional analysis reveals that these consumers are likely to be impoverished, suggesting that cash constraints and/or price sensitivity may explain their preference for minimal coverage. The second chapter is co-authored with Pietro Tebaldi, and estimates the impact of age-based pricing restrictions in the post-reform market. The ACA fixes the ratio between health insurance premiums charged to consumers of different ages, which generates a relationship between the fraction of relatively old consumers in a geographic market and the prices faced by young consumers in that market. We show that this relationship is present in the prices faced by consumers on the ACA exchanges, but was not present in the pre-ACA market. We take this as evidence that the relationship between price and population age observed in the ACA data is indeed attributable to this regulation. We then use this variation, combined with a model of insurer price-setting, to back out the age-specific prices that would prevail if the regulation of interest were eliminated. We estimate that this regulation substantially raises premiums for younger buyers while reducing them for older buyers, and therefore alters the allocation of coverage to consumers of different ages. Because the value of the subsidies that the federal government provides is directly tied to premiums, this regulation has also had a substantial impact on the federal budget, decreasing subsidy outlays by approximately $2.3 billion. The final chapter is co-authored with Michael Dickstein, Mark Duggan, and Pieto Tebaldi, and explores another aspect of the ACA's pricing restrictions. Individual states have discretion in how they define coverage regions, within which insurers must charge the same premium to buyers of the same age, family structure, and smoking status. We exploit variation in these definitions to investigate whether the size of the coverage region affects outcomes in the ACA marketplaces. We find large consequences for small and rural markets. When states combine small counties with neighboring urban areas into a single region, the included rural markets see .6 to .8 more active insurers, on average, and savings in annual premiums of between $200 and $300.

Essays in Insurance Economics

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ISBN 13 :
Total Pages : 192 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Essays in Insurance Economics by : Cameron McNeill Ellis

Download or read book Essays in Insurance Economics written by Cameron McNeill Ellis and published by . This book was released on 2017 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first chapter of this dissertation considers the welfare effects of increasing access to secondary markets in life insurance. In this chapter, I propose and estimate a life-cycle savings model for the life insurance lapse decision with dynamic, heterogeneous bequest motives. I then perform a counterfactual analysis with competitive secondary markets and find them to be Pareto improving for my sample with an average value increase to consumer's welfare by $1,346 per policy-holder. The second chapter of this dissertation considers how optional two-part tariffs can serve as a signaling device for life insurance contracts. I test for consumer self-selection using detailed, policy-level data within the context of life insurance backdating I am able to identify, through a control function approach, the information about lapse risk a consumer reveals when they choose to backdate. I find consumers a) who are less likely to lapse self-select into the two-part tariff pricing structure and b) exhibit behavior consistent with sunk cost bias. The final chapter of this dissertation considers how Medicaid expansion can affect private insurance markets. I use policy-level data from the Health Insurance Exchanges to identify and estimate the effects of Medicaid expansion on the private health insurance market premiums. I find that expanding Medicaid reduces average monthly premiums by $32.4, a decrease of 11.86%.

Economy and Health

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Publisher :
ISBN 13 : 9789403414355
Total Pages : 123 pages
Book Rating : 4.4/5 (143 download)

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Book Synopsis Economy and Health by :

Download or read book Economy and Health written by and published by . This book was released on 2019 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on Health Economics and the Early-life Determinants of Adult Outcomes

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)

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Book Synopsis Essays on Health Economics and the Early-life Determinants of Adult Outcomes by : Seth Neller

Download or read book Essays on Health Economics and the Early-life Determinants of Adult Outcomes written by Seth Neller and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The three chapters of this dissertation explore topics in health economics, namely how early-childhood health circumstances affect long-run health and economic outcomes, as well as how insurance reimbursement impacts the nature of physician practices. The first chapter assesses the impact of in utero and early-childhood exposure to wildfire smoke on longevity. To identify areas that were exposed to wildfire pollution, we leverage mid-20th century (1930-1969) California wildfires and smoke dispersion modeling. We then combine these wildfire pollution data with comprehensive, restricted-use administrative data. These linked data allow us to measure childhood wildfire smoke exposure for four decades of birth cohorts and to observe a rich set of later-life outcomes. Using these data, we exploit plausibly exogenous variation in smoke exposure--which is a function of fire timing and size as well as wind direction and speed--to identify long-run effects. We find that moving from the 25th to 75th percentile of early-life wildfire smoke exposure results in 1.7 additional deaths before age 55 per 1,000 individuals, conditional on surviving past early childhood. Aggregating these effects across ages 30 to 80 translates to 46 life years lost per 1,000 persons. The second chapter considers the impact of in utero and early-childhood exposure to wildfire smoke on longevity as well as economic achievement, human capital accumulation, and disability in mid-to-late adulthood. To identify areas that were exposed to wildfire pollution, we leverage mid-20th century (1930-1969) California wildfires and smoke dispersion modeling. We then combine these wildfire pollution data with comprehensive, restricted-use administrative data from the Social Security Administration and Census Bureau. These linked data allow us to measure childhood wildfire smoke exposure for four decades of birth cohorts and to observe a rich set of later-life outcomes. Using these data, we exploit plausibly exogenous variation in smoke exposure--which is a function of fire timing and size as well as wind direction and speed--to identify long-run effects. We find that moving from the 25th to 75th percentile of early-life wildfire smoke exposure results in 1.7 additional deaths before age 55 per 1,000 individuals, conditional on surviving past early childhood. Aggregating these effects across ages 30 to 80 translates to 46 life years lost per 1,000 persons. We further find that smoke exposure results in unfavorable changes to a wide range of later-life outcomes across economic achievement, educational attainment, and disability measures. From these results, we estimate that each child born in California during our sample period sustained, on average, approximately $22,000 of discounted damages in lost life expectancy and lost earnings due to wildfire smoke. These findings suggest that warming temperatures, which exacerbate the duration and intensity of wildfire seasons, are already meaningfully affecting the life cycles of exposed children through increased smoke exposure. The third chapter exploits spatial discontinuities in Medicare payment rates to estimate the effect of reimbursements on primary care physicians' choice of organizational structure. I find that a 1 percent increase in Medicare reimbursement leads to a 1.7 to 2.2 percentage point increase in primary care doctors who practice with a small group (defined as 25 providers or fewer). This effect is driven by changes in the tails of the practice size distribution: a 1.8 percentage point increase in physicians who are affiliated with the smallest (1- or 2-provider) practice groups with a corresponding decrease in physicians joining very large practices (≥ 150 providers). I do not, however, detect any evidence of physician sorting or bunching around the boundary in response to differential payment, supporting the underlying assumptions of my regression discontinuity design. Accordingly, my findings suggest that Medicare pricing may be a factor in the trend of consolidation in the physician and clinical services market