Unbiased Analysis of Today's Healthcare Issues
According to a Health Economics paper by Alice Chen, Anthony Lo Sasso, and Michael R. Richards, the answer is ‘yes’. According to their study: We leverage a unique dataset on New York physicians to analyze if and how the Great Recession impacted the labor market of physicians who have completed their residency and fellowship training and are…
Ben Bernanke declared today that “From a technical perspective, the recession is very likely over at this point.” What has made him make this declaration. If he using the stockmarket as an indication, the recession may be over. Stocks are still down 30% from the beginning of the year in 2008. However, the S&P 500…
A bad economy should increase blood donation. As more individuals lose their job, they now have more free time to donate blood. The opportunity cost of their time is lower, since they don’t have to miss work to donate blood. A bad economy also creates more sympathy for those in need; thus, donor morale may…
Recently, I have seen a number of commercials promoting tourism to Jamaica. Why are these commercials running? Let us assume that these commercials convince 2% of vacationers to go to Jamaica. If this is the case, it would make more sense to advertise during boom times; 2% of a large number of vacationers is a…
EconBrowser discusses a paper by Claessens, Kose and Terrones, entitled “What Happens During Recessions, Crunches and Busts?” The authors look at what happens historically to important macroeconomic variables when there is either a recessions, a credit contraction, an episode of house price declines, and/or an episode of equity price declines. The authors find the following:…