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The Value of Pharmacy Benefit Management
Mulligan, Casey B. - National Bureau of Economic Research - 2022
In theory, equilibrium profits for drug patent holders would not involve significant restraints on production and … through insurance plans. This paper provides a quantitative model consistent with the theory and evidence in which pharmacy … benefit management on behalf of insurance plans serves these and other purposes in both monopoly and oligopoly provider …
Persistent link: https://www.econbiz.de/10013334448
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Social security, retirement, and the single-mindedness of the electorate
Mulligan, Casey B. (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002052075
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Induced Retirement, Social Security, and the Pyramid Mirage
Mulligan, Casey B. - 2000
Does Social Security redistribute across cohorts? Or is it a program for purchasing the jobs' of the elderly? I formalize both models, showing how they have some predictions in common the most important of which is that generational accounts have the appearance of a pyramid scheme.' I also...
Persistent link: https://www.econbiz.de/10012471088
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Human Capital, Heterogeneity, and Estimated Degrees of Intergenerational Mobility
Han, Song - 2000
Some of the important implications of the parental investment model of intergenerational mobility have been derived under the assumption that parental income is the main source of heterogeneity. We explicitly model the variability and inheritability of innate' earnings ability and the...
Persistent link: https://www.econbiz.de/10012471089
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Social Security in Theory and Practice (I) : Facts and Political Theories
Mulligan, Casey B. - 1999
166 countries have some kind of public old age pension. What economic forces create and sustain old age Social Security as a public program? We document some of the internationally and historically common features of Social Security programs including explicit and implicit taxes on labor supply,...
Persistent link: https://www.econbiz.de/10012471676
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Gerontocracy, Retirement, and Social Security
Mulligan, Casey B. - 1999
Why are the old politically successful? We build a simple interest group model in which political pressure is time-intensive, showing that in the political competitive equilibrium each group lobbies for government policies that lower their own value of time but that the old do so to a greater...
Persistent link: https://www.econbiz.de/10012471677
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Microfoundations and Macro Implications of Indivisible Labor
Mulligan, Casey B. - 1999
I show that the indivisible labor' models of Diamond and Mirrlees (1978, 1986), Hansen (1985), Rogerson (1988), Christiano and Eichenbaum (1992), and many others are, when aggregated across persons with the same marginal utility of income, equivalent to the divisible labor model of Lucas and...
Persistent link: https://www.econbiz.de/10012471678
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The Housing Cycle and Prospects for Technical Progress
Mulligan, Casey B. - 2010
which confirm the theory …
Persistent link: https://www.econbiz.de/10012462681
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The Marginal Products of Residential and Non-Residential Capital Through 2009
Mulligan, Casey B. - 2010
Estimates of the marginal product of capital can help forecast economic growth, test competing business cycle theories, and perform cost-benefit analysis. This paper presents annual and quarterly estimates of the marginal product of capital in the U.S. separately for the residential and...
Persistent link: https://www.econbiz.de/10012462754
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Simple Analytics and Empirics of the Government Spending Multiplier and Other "Keynesian" Paradoxes
Mulligan, Casey B. - 2010
Factor supply increases (depresses) output for many of the same reasons that the government spending multiplier might be less (greater) than one. Data from three 2008-9 recession episodes - the labor supply shifts associated with the seasonal cycle, the 2009 federal minimum wage hike, and the...
Persistent link: https://www.econbiz.de/10012462850