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Insights / Research BriefFeb 01, 2024

Quantifying the Social Value of a Universal COVID-19 Vaccine and Incentivizing Its Development

Rachel Glennerster, Thomas Kelly, Claire T. McMahon, Christopher M. Snyder
A universal COVID-19 vaccine that is effective against existing and future variants could provide the United States population with $1.5–$2.6 trillion more in social value than variant-specific boosters. The social value of a universal vaccine eclipses the cost of incentivizing manufacturers to develop it.
Topics:  COVID-19
Insights / Research BriefNov 15, 2023

Greater Than the Sum of Its Parts: Aggregate vs. Aggregated Inflation Expectations

Alexander Dietrich, Edward S. Knotek II, Kristian O. Myrseth, Robert W. Rich, Raphael Schoenle, Michael Weber
A novel measure of consumer inflation expectations that is constructed by combining forecasts from across different categories of consumption is consistently lower than conventional measures. It is also less volatile and a stronger predictor of consumers’ spending plans.
Topics:  COVID-19
Insights / Research BriefOct 03, 2023

Private Actions in the Presence of Externalities: The Health Impacts of Reducing Air Pollution Peaks but not Ambient Exposure

Joshua Dean, Susanna B. Berkouwer
Improved cookstoves reduce exposure to peak cooking emissions by 42%, though impacts on overall pollution exposure are muted by high ambient pollution. The reduction in peak emissions reduces self-reported respiratory symptoms but does not improve more quantitative diagnoses such as blood pressure or blood oxygen.
Topics:  Development Economics, Energy & Environment, Health care
Insights / Research BriefAug 29, 2023

Monitoring for Waste: Evidence from Medicare Audits

Maggie Shi
Every dollar Medicare spent on monitoring generates $24–29 in government savings, mainly from the deterrence of medically unnecessary future care. Monitoring increases upfront investments in technology to assess the necessity of care.
Topics:  Health care
Insights / Research BriefJul 14, 2023

Who Values Human Capitalists’ Human Capital? The Earnings and Labor Supply of U.S. Physicians

Joshua D. Gottlieb, Maria Polyakova, Hugh Shiplett, Kevin Rinz, Victoria Udalova
Physicians’ annual earnings average $350,000 and comprise 8.6% of national healthcare spending. Government policy has a major impact on earnings: 25% of incremental Medicare spending on physician care goes to physicians personally, and physicians earn 6% of public money spent on insurance expansions.
Topics:  Health care
Insights / Research BriefApr 19, 2023

The Health Wedge and Labor Market Inequality

Amy Finkelstein, Casey C. McQuillan, Owen M. Zidar, Eric Zwick
The pervasiveness of employer-provided healthcare in the United States contributes to labor market inequality; under an alternative scenario where healthcare is funded by a payroll tax on firms, the college-wage premium would be 11% lower. If healthcare costs had grown at the rate of other countries, inequality would have grown less as well.
Topics:  Employment & Wages, Health care
Insights / Research BriefMar 17, 2023

Market Size and Trade in Medical Services

Jonathan I. Dingel, Joshua D. Gottlieb, Maya Lozinski, Pauline Mourot
Larger regions are more efficient at producing medical services. This leaves policymakers with a trade-off between concentrating medical care production in more efficient large regions and promoting healthcare access in less efficient small regions. Production and travel subsidies can both increase access to healthcare but impact patients, providers, and neighboring regions differently.
Topics:  Health care
Insights / Research BriefMar 06, 2023

Remote Work Across Jobs, Companies, and Space

Nick Bloom, Steven J. Davis, Stephen Hansen, Peter John Lambert, Raffaella Sadun, Bledi Taska
From 2019 to early 2023, the share of job postings offering remote work for one or more days per week rose more than three-fold in the United States and by a factor of five or more in Australia, Canada, New Zealand, and the United Kingdom.
Topics:  COVID-19, Employment & Wages