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Sunday morning study catchup time. Interesting work for journalists: What if the "What's the matter with Kansas" problem is fed by press coverage that focuses on the economic fortunes of the wealthy rather than disaggregating them from those of the poor? equitablegrowth.org/wp-content/upl…
The inexorable force of industrial consolidation: As regulators allow hospital chains to get bigger and bigger, one of the only checks on their pricing power is the monopsony of enormous health insurers. nber.org/papers/w27005.…
By April 20, California's shelter-in-place order saved on the order of 1,600 lives, at the cost of about 400-900 jobs per death averted (though that job loss is likely temporary). nber.org/papers/w26992.…
This is what flattening the curve looks like:
COVID-19 has knocked >20m people out of jobs. But the unemployment *rate* may not rise as much, because many people aren't looking for work -- this time there's a big jump in the number of people who now say they're retired, tanking the EPOP instead. nber.org/papers/w27017.…
That will conclude this weekend's edition of Working Papers You May Have Missed, aka the Sunday shows for nerds.
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