Brot-Goldberg, Zarek; Cooper, Zack; Craig, Stuart V.; … - National Bureau of Economic Research - 2024
by horizontal hospital mergers as an instrument, we show that rising prices raise the cost of labor by increasing … labor income by 0.27%, increases flows into unemployment by approximately 0.1 percentage points (1%), lowers federal income … tax receipts by 0.4%, and increases unemployment insurance payments by 2.5%. The increases in unemployment we observe are …