We identify frictions in the market for liquidity as well as bank-specific and market-wide factors that affect the … prices that banks pay for liquidity, captured here by borrowing rates in repos with the central bank and benchmarked by the … liquidity. We find that the price a bank pays for liquidity depends on the liquidity positions of other banks, as well as its …

This paper interprets accidents occurring on the way to and from work as negative health shocks to identify the causal … effect of health on labor market outcomes. We argue that in our sample of exactly matched treated and control workers, these … health shocks are quasi-randomly assigned. A fixed-effects difference-in-differences approach estimates a negative and …

We study the contribution of health-related behaviors to the health-education gradient by distinguishing between short … behaviors in the health production function. Focusing on self-reported poor health as our health outcome, we find that education … has a protective effect for European males and females aged 50+. We also find that the mediating effects of health …

Superstition is a widespread phenomenon. We empirically examine its impact on health-related behavior and health … bad outcomes, we observe substantial adaptions in health-related behavior. Our identification exploits idiosyncratic … is a quantum effect, the latter two effects reflect changes in the timing of events. Efficient public health policy …