This paper investigates the biological standard of living toward the end of Spanish rule. We investigate levels, trends, and determinants of physical stature from the birth cohorts of the 1860s to the 1890s using data on 23,000 Filipino soldiers enlisted by the U.S. military between 1901 and...

This paper integrates into public economics a biologically founded, stochastic process of individual ageing. The novel approach enables us to investigate the interaction between health and retirement policy in order to quantitatively characterize the optimal joint design of the social insurance...

When other economic measurements are scarce or unreliable, height and the body mass index (BMI) are now well accepted measures for cumulative and current net nutrition. However, as the ratio of weight to height, BMI is the ratio of current to cumulative net nutrition, therefore, does not fully...

When traditional methods for measuring economic welfare are scarce or unreliable, heights and BMIs are now well accepted measurements that represent biological conditions during economic development. Weight, after controlling for height, is an alternative measure to BMI for current net...

Heights and body mass index values (BMIs) are now well accepted measures that reflect net nutrition during economic development and institutional change. This study uses 19th century weights instead of BMIs to measure factors associated with current net nutrition. Across the weight distribution...

Real local government spending in the United States has increased by 240% between 1972 and 2012, faster than can be explained by population growth (a 48% increase), growth in median household income (a 32% increase), or changes in other economic, demographic, and institutional variables...

We provide a theoretical framework to contribute to the current debate regarding the tendency of pharmaceutical companies to direct their R&D toward marketing products that are "follow-on" drugs of already existing drugs, rather than toward the development of breakthrough drugs. We construct a...

There are two types of prescription drug cost offsets. The first type of cost offset - from prescription drug use - is primarily about the effect of changes in drug quantity (e.g. due to changes in out-of-pocket drug costs) on other medical costs. The second type of cost offset - the cost offset...

When traditional measures for material and economic welfare are scarce or unreliable, height and the body mass index (BMI) are now widely accepted measures that represent cumulative and current net nutrition in development studies. However, as the ratio of weight to height, BMI does not fully...

This study estimates the causal effect of working hours on health. We deal with the endogeneity of working hours through instrumental variables techniques. In particular, we exploit exogenous variation in working hours from statutory workweek regulations in the German public sector as an...