How do sudden, large wealth losses affect mental health? Most prior studies of the causal effects of material well-being on health use identification strategies involving income increases; these studies as well as prior research on stock market accumulations may not inform this question if the...

Effective in 2000, Medicare’s Outpatient Prospective Payment System (OPPS) sets pre-determined reimbursement rates for hospital outpatient services, replacing the prior costbased methods of reimbursement. Using Florida outpatient discharge data, we study the effect of OPPS on hospital...