The "ratchet effect" refers to a phenomenon where workers whose compensation is based on productivity strategically restrict their output, relative to their capability, because they rationally anticipate that high levels of output will be met with increased or "ratcheted-up" expectations in the...

The "ratchet effect" refers to a phenomenon where workers whose compensation is based on productivity strategically restrict their output, relative to their capability, because they rationally anticipate that high levels of output will be met with increased or "ratcheted-up" expectations in the...

We exploit a sharp change in the likelihood that an individual is covered by health insurance when they turn 19 years of age to study how health insurance affects reported health status. We find that an individual is 6 percentage points less likely to have health insurance when they turn 19....

We exploit a sharp change in the likelihood that an individual is covered by health insurance when he/she turns 19 years of age to study how health insurance affects reported health status. We find that an individual is 6 percentage points less likely to have health insurance when he/she turns...