This chapter develops a theory of the evolution of international income levels. In particular, it augments the Hansen–Prescott theory of economic development with the Parente–Prescott theory of relative efficiencies and shows that the unified theory accounts for the evolution of...

In 1992, the United States Centers for Medicare and Medicaid Services (CMS) introduced new insurance coverage for two preventive services influenza vaccinations and mammograms. Economists typically assume transactions occur with perfect information and foresight. As a test of the value of...

Objective: To compare medical care costs and utilization in a consumer directed health plan (CDHP) to other health insurance plans. Study Design: We examine claims and employee demographic data from one large employer that adopted a CDHP in 2001. A quasi-experimental pre/post design is used to...

Technology change is modeled as the result of decisions of individuals and groups of individuals to adopt more advanced technologies. The structure is calibrated to the U.S. and postwar Japan growth experiences. Using this calibrated structure we explore how large the disparity in the effective...

Objective: To determine who chooses a Consumer Driven Health Plan (CDHP) in a multi-plan, multi-product setting, and, specifically, whether the CDHP attracts the sicker employees in a company's risk pool.Study Design: We estimated a health plan choice equation for employees of the University of...

Health information technology (IT) adoption, it is argued, will dramatically improve patient care. We study the impact of hospital IT adoption on patient outcomes focusing on the roles of technological and organizational complements in affecting IT's value and explore underlying mechanisms...