Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Working Paper
Why Do Households Save and Work?
Borella, Margherita; De Nardi, Mariacristina; Yang, Fang; Torres Chain, Johanna P. (2025-07-15)
This paper develops and estimates a dynamic life-cycle model to quantify why households save and work. The model incorporates multiple sources of risk—health, marital status, wages, medical expenses and mortality—as well as endogenous labor supply and human capital accumulation, retirement, and bequest motives at the death of the first and last household member. We estimate it using PSID and HRS data for the 1941–1945 cohort via the Method of Simulated Moments. Eliminating bequest motives reduces aggregate wealth by 23.8% and labor earnings by 1.2%; removing medical expenses lowers them ...
Working Papers , Paper 2526

Journal Article
Economic Activity during the COVID-19 Pandemic: A Model with “Acquired Immunity”
Carranza, Juan Esteban; Riascos, Álvaro José; Martin, Juan David (2022)
We calibrate a macroeconomic model with epidemiological restrictions using Colombian data. The key feature of our model is that a portion of the population is immune and cannot transmit the virus, which improves substantially the fit of the model to the observed contagion and economic activity data. The model implies that during 2020, government restrictions and the endogenous changes in individual behavior saved around 15,000 lives and decreased consumption by about 4.7 percent. The results suggest that most of this effect was the result of government policies.
Review , Volume 104 , Issue 1 , Pages 1-16

Report
Does Universal Occupational Licensing Recognition Improve Patient Access? Evidence from Healthcare Utilization
Oh, Yun Taek; Kleiner, Morris M. (2025-08-04)
Optimizing physician labor supply has been an important policy issue in healthcare in the United States. One of the proposed solutions has been the universal licensing recognition (ULR), which allows out-of-state physicians to provide healthcare services without relicensing and increases the local labor supply of physicians. There has been no empirical analysis of the effect of such regulatory relaxation on the local labor supply and subsequent improvements of consumer welfare. In this study, we use the Behavioral Risk Factor Surveillance System to investigate the effect of universal ...
Staff Report , Paper 671

Working Paper
Killer Debt: The Impact of Debt on Mortality
Argys, Laura; Friedson, Andrew; Pitts, M. Melinda (2016-11-01)
This study analyzes the effect of individual finances (specifically creditworthiness and severely delinquent debt) on mortality risk. A large (approximately 170,000 individuals) subsample of a quarterly panel data set of individual credit reports is utilized in an instrumental variables design. The possibility of the reverse causality of bad health causing debt and death is removed by instrumenting for individual finances post 2011 using the exposure to the housing crisis based on their 2005 residence. Worsening creditworthiness and increases in severely delinquent debt are found to lead to ...
FRB Atlanta Working Paper , Paper 2016-14

Working Paper
Responding to COVID-19: A Note
Tavares, Marina; Drozd, Lukasz A. (2020-04-14)
We consider several epidemiological simulations of the COVID-19 pandemic using the textbook SIR model and discuss the basic implications of these results for crafting an adequate response to the ensuing economic crisis. Our simulations are meant to be illustrative of the ﬁndings reported in the epidemiological literature using more sophisticated models (e.g., Ferguson et al. (2020)). The key observation we stress is that moderating the epidemiological response of social distancing according to the models may come at a steep price of extending the duration of the pandemic and hence the time ...
Working Papers , Paper 20-14

Discussion Paper
The Global Dash for Cash in March 2020
Barone, Jordan; Chaboud, Alain P.; Copeland, Adam; Kavoussi, Cullen; Keane, Frank M.; Searls, Seth (2022-07-12)
The economic disruptions associated with the COVID-19 pandemic sparked a global dash-for-cash as investors sold securities rapidly. This selling pressure occurred across advanced sovereign bond markets and caused a deterioration in market functioning, leading to a number of central bank actions. In this post, we highlight results from a recent paper in which we show that these disruptions occurred disproportionately in the U.S. Treasury market and offer explanations for why investors’ selling pressures were more pronounced and broad-based in this market than in other sovereign bond markets.
Liberty Street Economics , Paper 20220712

Report
The Financial Consequences of Undiagnosed Memory Disorders
Gresenz, Carole Roan; Mitchell, Jean M; Rodriguez, Belicia; Turner, R. Scott; Van der Klaauw, Wilbert (2024-05-01)
We examine the effect of undiagnosed memory disorders on credit outcomes using nationally representative credit reporting data merged with Medicare data. Years prior to eventual diagnosis, average credit scores begin to weaken and payment delinquency begins to increase, overall and for mortgage and credit card accounts specifically. Credit outcomes consistently deteriorate over the quarters leading up to diagnosis. The harmful financial effects of undiagnosed memory disorders exacerbate the already substantial financial pressure households face upon diagnosis of a memory disorder. Our ...
Staff Reports , Paper 1106

Working Paper
Modeling to Inform Economy-Wide Pandemic Policy: Bringing Epidemiologists and Economists Together
Darden, Michael; Dowdy, David; Gardner, Lauren; Hamilton, Barton; Kopecky, Karen A.; Marx, Melissa; Papageorge, Nicholas; Polsky, Daniel; Powers, Kimberly; Stuart, Elizabeth; Zahn, Matthew (2021-11-16)
Facing unprecedented uncertainty and drastic trade-offs between public health and other forms of human well-being, policymakers during the Covid-19 pandemic have sought the guidance of epidemiologists and economists. Unfortunately, while both groups of scientists use many of the same basic mathematical tools, the models they develop to inform policy tend to rely on different sets of assumptions and, thus, often lead to different policy conclusions. This divergence in policy recommendations can lead to uncertainty and confusion, opening the door to disinformation, distrust of institutions, and ...
FRB Atlanta Working Paper , Paper 2021-26

Working Paper
Modeling to Inform Economy-Wide Pandemic Policy: Bringing Epidemiologists and Economists Together
Darden, Michael; Dowdy, David; Gardner, Lauren; Hamilton, Barton; Kopecky, Karen A.; Marx, Melissa; Papageorge, Nicholas; Polsky, Daniel; Powers, Kimberly; Stuart, Elizabeth; Zahn, Matthew; Agarwal, Sumit (2021-11-16)
Facing unprecedented uncertainty and drastic trade-offs between public health and other forms of human well-being, policymakers during the Covid-19 pandemic have sought the guidance of epidemiologists and economists. Unfortunately, while both groups of scientists use many of the same basic mathematical tools, the models they develop to inform policy tend to rely on different sets of assumptions and, thus, often lead to different policy conclusions. This divergence in policy recommendations can lead to uncertainty and confusion, opening the door to disinformation, distrust of institutions, and ...
FRB Atlanta Working Paper , Paper 2021-26

Working Paper
The Mechanics of Individually- and Socially-Optimal Decisions during an Epidemic
Vandenbroucke, Guillaume (2021-09-14)
I present a model where work implies social interactions and the spread of a disease is described by an SIR-type framework. Upon the outbreak of a disease reduced social contacts are decided at the cost of lower consumption. Private individuals do not internalize the effects of their decisions on the evolution of the epidemic while the planner does. Specifically, the planner internalizes that an early reduction in contacts implies fewer infectious in the future and, therefore, a lower risk of infection. This additional (relative to private individuals) benefit of reduced contacts implies that ...
Working Papers , Paper 2020-013

show more (57)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords