Showing 1 - 5 of 5
We leverage an event-study research design focused on the seven costliest hurricanes to hit the US mainland since 2004 to identify the elasticity of unemployment insurance filings with respect to search intensity. Applying our elasticity estimate to the state-level Google Trends indexes for the...
Persistent link: https://www.econbiz.de/10012838709
Examining all widely-sold products in a large, national scanner database, we find that seasonality in demand is large, pervasive across product categories, and heterogeneous in its timing. Yet at seasonal frequencies prices fluctuate little, and typically, countercyclically, falling as demand...
Persistent link: https://www.econbiz.de/10012849130
We develop a method for estimating the effect of a kinked or notched budget set on workers employment decisions, and we use it to estimate the impact of the Social Security Old-Age and Survivors Insurance (OASI) Annual Earnings Test (AET). The AET reduces OASI claimants' current OASI benefits in...
Persistent link: https://www.econbiz.de/10014034356
We investigate the effect of the Risk Corridors (RC) program on premiums and insurer participation in the Affordable Care Act (ACA)’s Health Insurance Marketplaces. The RC program, which was defunded ahead of coverage year 2016, and ended in 2017, is a risk sharing mechanism: it makes payments...
Persistent link: https://www.econbiz.de/10014033587
We develop and test a theory of blind disclosure. A risk-averse sender chooses whether to disclose information based on a preliminary, private signal. In the unique equilibrium, contrary to the literature's canonical unraveling result, senders disclose only if their preliminary signal exceeds a...
Persistent link: https://www.econbiz.de/10013237980