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In economics, insurance, and risk management, adverse selection is a market situation where asymmetric information results in a party taking advantage of undisclosed information to benefit more from a contract or trade.
The term job lock is used to describe the inability of an employee to freely leave a job because doing so will result in the loss of employee benefits. In a broader sense, job lock may describe the situation where an employee is being paid higher than scale or has accumulated significant benefits, so that changing jobs is not a realistic option as it would result in significantly lower pay, less vacation time, etc.
Michael Jay Boskin is the T. M. Friedman Professor of Economics and senior fellow at Stanford University's Hoover Institution. He also is chief executive officer and president of Boskin & Co., an economic consulting company, and serves on the Commerce Department's Advisory Committee on the National Income and Product Accounts.
James Michael "Jim" Poterba, FBA is an American economist who is the Mitsui Professor of Economics at the Massachusetts Institute of Technology, and current National Bureau of Economic Research (NBER) president and chief executive officer.
Jonathan Holmes Gruber is an American professor of economics at the Massachusetts Institute of Technology, where he has taught since 1992. He is also the director of the Health Care Program at the National Bureau of Economic Research, where he is a research associate. An associate editor of both the Journal of Public Economics and the Journal of Health Economics, Gruber has been heavily involved in crafting public health policy.
Jeffrey Robert Brown is the dean of the Gies College of Business of the University of Illinois at Urbana-Champaign. Previously he was the William G. Karnes Professor in the Department of Finance and the Director of the Center for Business and Public Policy. He serves as a research associate at the National Bureau of Economic Research and as Associate Director of the NBER Retirement Research Center. Since 2009 he has served as a Trustee for TIAA, the operating company of TIAA-CREF. From October 2006 through September 2008, he served as a member of the Social Security Advisory Board. He served as a Senior Economist with the President's Council of Economic Advisers from 2001 to 2002. He earned a Ph.D. in economics from MIT, a Masters in Public Policy from Harvard Kennedy School, and a B.A. from Miami University.
Katherine Baicker is an American health economist best known for the Oregon Medicaid health experiment. She serves as the provost of the University of Chicago.
Amy Nadya Finkelstein is an American economist who is a professor of economics at the Massachusetts Institute of Technology (MIT), the co-director and research associate of the Public Economics Program at the National Bureau of Economic Research, and the co-Scientific Director of J-PAL North America.
Janet Currie is a Canadian-American economist and the Henry Putnam Professor of Economics and Public Affairs at Princeton University's School of Public and International Affairs, where she is Co-Director of the Center for Health and Wellbeing. She is the 2024 President of the American Economic Association. She served as the Chair of the Department of Economics at Princeton from 2014–2018. She also served as the first female Chair of the Department of Economics at Columbia University from 2006–2009. Before Columbia, she taught at the University of California, Los Angeles and at the Massachusetts Institute of Technology. She was named one of the top 10 women in economics by the World Economic Forum in July 2015. She was recognized for her mentorship of younger economists with the Carolyn Shaw Bell Award from the American Economics Association in 2015 and also participated in the founding and evaluation of the AEA’s mentoring program for junior faculty.
The Oregon health insurance experiment was a research study looking at the effects of the 2008 Medicaid expansion in the U.S. state of Oregon, which occurred based on lottery drawings from a waiting list and thus offered an opportunity to conduct a randomized experiment by comparing a control group of lottery losers to a treatment group of winners, who were eligible to apply for enrollment in the Medicaid expansion program after previously being uninsured.
Heidi Williams is a Professor of Economics at Dartmouth College and Director of Science Policy at the Institute for Progress. She is a graduate of Dartmouth College, and earned her MSc in development economics from Oxford University and her PhD in Economics from Harvard University. Prior to Dartmouth, Williams was the Charles R. Schwab Professor of Economics at Stanford University and an associate professor at the Massachusetts Institute of Technology. She is a member of the National Bureau of Economic Research.
Kosali Ilayperuma Simon is the Herman B Wells Endowed Professor in health economics at School of Public and Environmental Affairs (SPEA) at Indiana University which she joined in 2010.
The Grossman model of health demand is a model for studying the demand for health and medical care outlined by Michael Grossman in a monograph in 1972 entitled: The demand for health: A theoretical and empirical investigation. The model based demand for medical care on the interaction between a demand function for health and a production function for health. Andrew Jones, Nigel Rice, and Paul Contoyannis call the model the "founding father of demand for health models".
Anna Aizer is a labor and health economist, who currently serves as the Maurice R. Greenberg Professor of Economics at Brown University where she is also a Faculty Associate at the Population Studies and Training Center. Her research focuses on child health and well-being, in particular the effect of societal factors and social issues on children's health.
Adriana Lleras-Muney is a Colombian-American economist. She is currently a professor in the Department of Economics at UCLA. She was appointed as Associate Editor for the Journal of Health Economics in 2014, and she was elected as one of the six members of the American Economic Association Executive committee in 2018. Her research focuses on socio-economic status and health with a particular emphasis on education, income, and economic development. In 2017, she was received the Presidential Early Career Awards for Scientists and Engineers from President Obama.
Elizabeth Cascio is an applied economist and currently a Professor of Economics who holds the DeWalt H. 1921 and Marie H. Ankeny Professorship in Economic Policy at Dartmouth College. Her research interests are in labor economics and public economics, and focus on the economic impact of policies affecting education in the United States. She is also a research associate at the National Bureau of Economic Research, a research associate at the IZA Institute of Labor Economics, and Co-editor of the Journal of Human Resources.
Kate Ho is the John L. Weinberg Professor of Economics and Business Policy at Princeton University. Her research focuses on the industrial organization of the medical care market.
Nicole Maestas is an American economist who is the Margaret T. Morris Professor of Health Care Policy at Harvard Medical School and a Research Associate of the National Bureau of Economic Research (NBER), where she directs the NBER's Retirement and Disability Research Center.
References
- ↑ "Alum Kathleen McGarry Named Thomas Muench Endowed Chair of Economics - SBU News". January 11, 2023. Retrieved July 26, 2024.
- ↑ "Did mom always like you best? Exploring parents' financial support of their children". Headlines. Retrieved April 28, 2019.
- ↑ "Kathleen M. McGarry | Health and Retirement Study". hrs.isr.umich.edu. Retrieved April 28, 2019.
- 1 2 "In the Spotlight". www.dartmouth.edu. Retrieved April 28, 2019.
- ↑ "NBER Bulletin on Aging and Health: Kathleen McGarry". www.nber.org. Retrieved April 28, 2019.
- ↑ Levin, Jonathan; Poterba, James (Fall 2012). "Amy Finkelstein: 2012 John Bates Clark Medalist". Journal of Economic Perspectives. 26 (4): 171–184. doi: 10.1257/jep.26.4.171 . hdl: 1721.1/82879 . ISSN 0895-3309.
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