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The theory of cost-shifting posits that nonprofit hospitals respond to negative financial shocks by raising prices for 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...
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What is the impact and value of hurricane forecasts? We study this question using newly-collected forecast data for major US hurricanes since 2005. We find higher wind speed forecasts increase pre-landfall protective spending, but erroneous under-forecasts increase post-landfall damage and...
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Japan, renowned for its significantly aged population, presents a distinctive landscape in elderly care. Notably, there … elderly care, Japan introduced the public Long-Term Care Insurance (LTCI) system in 2000. This comprehensive program offers a … and structural considerations. Japan grapples with a deficiency of social security contributors and skilled care workers …
Persistent link: https://www.econbiz.de/10014436960
Japan's low-rate policies on its government and households. Because of the duration mismatch on the government balance sheet …
Persistent link: https://www.econbiz.de/10014436981
lackluster, like Japan, have done surprisingly well in terms of GDP growth per working-age adult. Indeed, from 1998 to 2019 …, Japan has grown slightly faster than the U.S. in terms of per working-age adult: an accumulated 31.9% vs. 29.5%. Furthermore …
Persistent link: https://www.econbiz.de/10014437045
How do employment, tasks, and productivity change with robot adoption? Unlike manufacturing, little is known about these issues in the service sector, where robot adoption is expanding. As a first step towards filling this gap, we study Japanese nursing homes using original facility-level panel...
Persistent link: https://www.econbiz.de/10015145067
This paper explores the determinants of the level of, and trends over time in, Japan's household saving rate, with … finds that Japan's household saving rate has not always been high either absolutely or relative to other countries and that … it was only during the 1961-86 period that it exceeded 15%. Past and future trends in Japan's household saving rate can …
Persistent link: https://www.econbiz.de/10015145132