We explore the feasibility of catastrophic health insurance established in conjunction with individual health accounts (IHAs). Under this plan, the employer establishes both a high-deductible health insurance plan and an IHA. Employee health care costs below the deductible are then paid out of...

More than half a decade has passed since the bursting of the housing bubble and the collapse of Lehman Brothers. In retrospect, what is surprising is that these events and their consequences came as such a surprise. What was it that prevented most of the world from recognizing the impending...

This volume, the fourth to result from a remarkably productive collaboration between the National Bureau of Economic Research and the Japan Center for Economic Research, presents a selection of thirteen high-caliber papers addressing issues in the employment practices, labor markets, and health,...