Econ Macro (book Only)
6th Edition
ISBN: 9781337408745
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 1, Problem 8P
To determine
Association versus Causation & analyze whether the communities with lot of doctors are related with high rate of illness.
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Chapter 1 Solutions
Econ Macro (book Only)
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- The following is an excerpt from "The Labor Market Effects of Rising Health Insurance Premiums," by Katherine Baicker, Amitabh Chandra. If workers in a certain sector of the economy or those who are married are systematically more likely to have different levels of unobservable characteristics that affect health insurance premiums, then such a correlation is possible. This problem is identical to the standard endogeneity problem in program evaluation, where receipt of the treatment is correlated with unobservable characteristics of the person receiving treatment. A solution to this problem is to instrument for imputed premiums using variables that are uncorrelated with εi and mi but are correlated with imputed health insurance premiums. In our analysis we use state‐level, per‐capita medical malpractice payments as an instrument for imputed premiums. In other words, in order for malpractice payments to be a valid instrument for health insurance premiums, it must be the case that…arrow_forwardA typical supply curve shows that an increase in the price of a good will cause producers to decrease the quantity they supply. a) True ( b) False The unemployment rate measures individuals 16 years of age and older without jobs who are actively seeking employment. ( a) True ( b) False It is important that any government examine multiple measures of its own economic health, rather than relying on simply one or two dimensions. () a) True ) b) Falsearrow_forwardWhich statement about the individual health insurance market in the U.S. is correct? Question options: 1) Among the non-elderly with private health insurance, about one-third now purchase it in the individual market 2) Individual market enrollment increased with implementation of the Affordable Care Act in 2014, but it has declined in every year since 3) According to data from the Kaiser Family Foundation, On-Exchange enrollment has been roughly constant (varied by less than 1 million) since 2015 4) According to data from the Kaiser Family Foundation, Off-Exchange enrollment has grown relative to On-Exchange since 2015arrow_forward
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