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We develop a stylized model that allows us to estimate a value-added measure for nursing homes ("SNFs") which accounts for patient selection both into and out of a SNF. We use the model, together with detailed data on the physical and mental health of about 6 million Medicare SNF patients...
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pharmaceutical R&D expenditure, drug prices, aggregate productivity, and income. The analysis suggests that both an increase in the …-sharing and entry barriers in the pharmaceutical sector also affect aggregate productivity and wage rates. -- aggregate … productivity ; cost-sharing ; entry deregulation ; health insurance ; pharmaceutical innovation …
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