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Health economists have studied the determinants of the expected value of health status as a function of medical and nonmedical inputs, often finding small marginal effects of the former. This paper argues that both types of input have an additional benefit, viz. a reduced variability of health...
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"Through their influence on the cross-sectional distribution of productivity across firms and workers, job creation and … destruction likely have an impact on the rate at which aggregate productivity changes over time. However, the nature of this … effect is not, a priori, clear. While a broad consensus has emerged suggesting that job destruction enhances productivity by …
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