Utilizing a panel data set of 50 US states, this note investigates nonstationarity and cointegration
of health care expenditures and gross state products (GSP). Both the individual state‐…

One of the perceived symptoms of US Medicare inefficiency is the existence of the dramatic
variation in spending and utilization in different areas of the country. This study uses the …

This article revisits the long-standing issue of the determinants of health outcomes. We make
two contributions to the literature. First, we use a large and comprehensive US county level …

Self-protection can be financed either by upfront payments or by conditional payments (or
contingent fees) in which individuals pay a provider only when a favorable outcome is realized…

This study revisits the long‐standing issue of the relationship between government borrowing
and long‐term interest rates through innovations accounting in vector autoregression …

This study uses the Continuous Medicare History Sample (CMHS), a longitudinal sample of
Medicare beneficiaries from 1974 to 1997, to identify persistence in Medicare …

Contests by their very nature involve risk, winning and losing are both possible, and the gain
from winning can itself be uncertain. The participants in a contest use resources to increase …

The absence of individual level data linking earnings histories to the receipt of Medicare
benefits has hampered the study of the program's distributional properties. Data developed by …

In this article, we generalize the existing descriptive approach to multigeneration public
project evaluation, taking into account distortionary taxes on capital income. In contrast to …

… Rettenmaier is the co-principal investigator on several research grants and also serves as
the editor of the Center’s two newsletters, PERCspectives on Policy and PERCspectives. He …