Showing 1 - 10 of 407
Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating financial institutions. Altruistic public-benefits theories treat rules as governmental instruments for increas- ing fairness and efficiency across society as a whole....
Persistent link: https://www.econbiz.de/10012774887
Economics and ethics both offer important perspectives on our society, but they do so from two different viewpoints … – the central focus of economics is how the price system in our economy values resources; the central focus of ethics is the …
Persistent link: https://www.econbiz.de/10012865277
How accurate is a log-linear approximation of the New Keynesian model when the nominal interest rate is bounded by zero? This paper compares the solution of the exact non-linear model to the log-linear approximation. It finds that the difference is modest. This applies even for extreme events in...
Persistent link: https://www.econbiz.de/10012980188
codes fixed-effects regression models on the following AMI outcomes: time-specific mortality rates, age, and probability of … PTCA on the day of admission. We find a small increase in 30-day to 1-year mortality rates among patients in communities … time, we find a substantial increase in long-term mortality rates, a shift to younger ages (suggesting that the older ones …
Persistent link: https://www.econbiz.de/10013131498
In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a statistical life. Although our empirical results are obtained in the context of a study of choices about road safety, we suspect that the same issues plague the estimation of...
Persistent link: https://www.econbiz.de/10013132340
mortality selection. The majority of empirical analyses find frailer survivors. I find heterogeneous effects. Among severely …. Among survivors to 1900, those younger than 30 at imprisonment faced higher older age mortality and morbidity and worse …
Persistent link: https://www.econbiz.de/10013135395
, leisure, mortality, and inequality, first for a narrow set of countries using detailed micro data, and then more broadly using … behind. Each component we introduce plays a significant role in accounting for these differences, with mortality being most …
Persistent link: https://www.econbiz.de/10013138316
We investigate the effect of therapeutic procedure innovation in general on the longevity of all hospital patients, i.e. patients with a variety of medical conditions. The analysis is based on data on over one million discharges from public and private hospitals in Western Australia (WA) during...
Persistent link: https://www.econbiz.de/10013114013
A growing literature documents cyclical movements in mortality and health. We examine this pattern more closely and … in individuals' own behavior contribute very little to pro-cyclical mortality. Looking across broad age and gender groups …, we find that own-group employment rates are not systematically related to own-group mortality. In addition, we find that …
Persistent link: https://www.econbiz.de/10013117405
We use novel data to study the decision to undergo genetic testing by individuals at risk for Huntington disease (HD), a hereditary neurological disorder that reduces healthy life expectancy to about age 50. Although genetic testing is perfectly predictive and carries little financial or time...
Persistent link: https://www.econbiz.de/10013117891