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mortality and to explore implications for the welfare consequences of recessions. We estimate that an increase in the … unemployment rate of the magnitude of the Great Recession reduces the average, annual age-adjusted mortality rate by 2.3 percent …, with effects persisting for at least 10 years. Mortality reductions appear across causes of death and are concentrated in …
Persistent link: https://www.econbiz.de/10014486202
privately insured patients. We examine how hospitals responded to the sharp reductions in their endowments caused by the 2008 … stock market collapse. We find that the average hospital did not engage in cost-shifting, but average hospitals that likely …
Persistent link: https://www.econbiz.de/10012459808
We propose that financial institutions can act as asset insulators, holding assets for the long run to protect their valuations from consequences of exposure to financial markets. We demonstrate the empirical relevance of this theory for the balance sheet behavior of a large class of...
Persistent link: https://www.econbiz.de/10012480626
This paper examines the depth and duration of the slump that invariably follows severe financial crises, which tend to … average over four years. Output falls an average of over 9 percent, although the duration of the downturn is considerably …
Persistent link: https://www.econbiz.de/10012463993
We examine the evolution of real per capita GDP around 100 systemic banking crises. Part of the costs of these crises owes to the protracted nature of recovery. On average, it takes about eight years to reach the pre-crisis level of income; the median is about 6 ½ years. Five to six years after...
Persistent link: https://www.econbiz.de/10012458841
Do steep recoveries follow deep recessions? Does it matter if a credit crunch or banking panic accompanies the recession? Moreover does it matter if the recession is associated with a housing bust? We look at the American historical experience in an attempt to answer these questions. The answers...
Persistent link: https://www.econbiz.de/10012460466
in the past two decades, the most recent in 1995-96. We find that mortality rates for the very young and the elderly … increase or decline less rapidly in crisis years as compared with non-crisis years. In late 1995-96 crisis, mortality rates … 0.4 percent increase in mortality for the elderly and a 0.06 percent increase in mortality for the very young. We find …
Persistent link: https://www.econbiz.de/10012471004
Regulatory entry barriers to hospital service markets, namely Certificate of Need (CON) regulations, are enforced in … impacts of CON on hospital volumes, demand responses to actual hospital entry into local hospital markets are not well … hospital entry by studying the cardiac revascularization markets in Pennsylvania, a state in which dynamic market entry …
Persistent link: https://www.econbiz.de/10012459735
are mainly observed in children born to mothers with low socioeconomic status, suggesting that credit constraints may be a … significant factor in the impact of economic crises on birth outcomes in Turkey. Our study also demonstrates that mothers residing … fertility, abortion, and neonatal mortality are more common during an economic downturn, and play a significant role in …
Persistent link: https://www.econbiz.de/10013537794
Persistent link: https://www.econbiz.de/10000125898