When is full health insurance not optimal

In many markets, however, we observe that lower income individuals do not purchase the most generous forms of health insurance. For instance, despite the passage of the Affordable Care Act–which provided subsidies to lower income individuals to purchase relatively generous insurance–some individuals preferred the less generous Association Health Plans (AHPs) also known as “skinny” health…

Oleg Itskhoki wins Clark Medal

The 2022 winner of the John Bates Clark medal is Oleg Itskhoki. Each year, the medal goes to the American economist under the age of 40 who made the most significant contribution to economic thought and knowledge. Below is a summary of his research from the American Economic Association (AEA) website. One key finding is…