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Author:Hertzberg, Andrew 

Working Paper
Are We Overdiagnosing Mental Illnesses? Evidence from Randomly Assigned Doctors

Almost two in 10 adults in the U.S. and Europe are, at any moment in time, diagnosed with a mental illness. This paper asks whether mental illness is over- (or under-) diagnosed, by looking at its causal effect on individuals at the margin of diagnosis. We follow all Swedish men born between 1971 and 1983 matched to administrative panel data on health, labor market, wealth and family outcomes to estimate the impact of a mental illness diagnosis on subsequent outcomes. Exploiting the random assignment of 18-year-old men to doctors during military conscription, we find that a mental illness ...
Working Papers , Paper 21-33

Working Paper
Screening on Loan Terms: Evidence from Maturity Choice in Consumer Credit

We exploit a natural experiment in the largest online consumer lending platform to provide the first evidence that loan terms, in particular maturity choice, can be used to screen borrowers based on their private information. We compare two groups of observationally equivalent borrowers who took identical unsecured 36-month loans; for only one of the groups, a 60-month loan was also available. When a long-maturity option is available, fewer borrowers take the short-term loan, and those who do default less. Additional findings suggest borrowers self-select on private information about their ...
Working Papers , Paper 18-5

Journal Article
Kitchen Conversations: How Households Make Economic Choices

Economists have studied decision-making for centuries, but how do households, as opposed to individuals, make decisions? The future of personal finance may rest on the answers.
Economic Insights , Volume 4 , Issue 4 , Pages 19-26

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