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作者：Hamilton, BH; Ho, V; Goldman, DP
作者单位：Washington University (WUSTL); RAND Corporation
摘要：Restricted government spending along with universal health insurance has led to longer queues for surgical procedures in Canada versus the United States. Yet it is unclear whether these treatment delays affect health outcomes. This paper tests this hypothesis by comparing the determinants of wait time for hip-fracture surgery and its impact on postsurgery length of stay and inpatient mortality in Canada and the United States. Hazards for surgery/no surgery and discharge alive versus dead are m...
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作者：Lopez, JH; Schmidt-Hebbel, K; Servén, L
作者单位：The World Bank
摘要：While fiscal adjustment is commonly viewed as the cornerstone of macroeconomic stabilization, the effectiveness of alternative fiscal instruments in raising national saving is still poorly understood. This paper enters the debate by estimating a private consumption function that allows for two types of agents-finite horizons and liquidity constraints-and nests three different consumption hypotheses. Using a large-panel data set that includes both industrial and developing countries, we reject ...
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作者：Brannman, L; Froeb, LM
作者单位：Ministry of Education & Science of Ukraine; National University of Kyiv Mohyla Academy; Vanderbilt University
摘要：From bidding data, we estimate the underlying value distribution for Forest Service timber. We find that bidder values decrease $2/mbf (thousand board feet) with each mile from the tract and that small firms (fewer than 500 employees) have values that are $72/mbf lower than large firms. The empirical value distribution is used to simulate various hypothetical scenarios designed to inform public policy. The most anticompetitive mergers raise price by less than 3%, and a 4% decline in marginal c...
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作者：Gron, A; Swenson, DL
作者单位：Northwestern University; University of California System; University of California Davis; National Bureau of Economic Research
摘要：We study cost pass-through in the U.S. automobile market using a framework that incorporates the effects of cost changes on input decisions. We find that accounting for firms' factor-market decisions significantly increases measured cost pass-through, although we reject the hypothesis of full cost pass-through and constant markups. In addition, our evidence suggests that cost shocks common to all manufacturers have a greater effect on prices than do model-specific cost shocks. Finally, we exam...
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作者：Deaton, A; Paxson, C
作者单位：Princeton University
摘要：The lifecycle theory of saving and consumption predicts that changes in an economy's rate of economic growth will affect its aggregate saving rate by changing the lifetime resources of younger people relative to older people. However, studies that track the saving behavior of cohorts of household heads over time as they age have yielded estimates of age-saving profiles that are too flat for growth to have much effect on the aggregate saving rate. One problem with the cohort approach is that mu...
