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Discussion Paper
Updating the Distributional Financial Accounts
In addition to incorporating 2020q2 data from the Financial Accounts, the 2020q2 release of the Distributional Financial Accounts (DFAs) includes three substantial updates. The most consequential is the incorporation of the newly released 2019 Survey of Consumer Finances (SCF).
Working Paper
Financial Incentives, Hospital Care, and Health Outcomes: Evidence from Fair Pricing Laws
It is often assumed that financial incentives of healthcare providers affect the care they deliver, but this issue is surprisingly difficult to study. The recent enactment of state laws that limit how much hospitals can charge uninsured patients provide a unique opportunity. Using an event study framework and panel data from the Nationwide Inpatient Sample, we examine whether these regulations lead to reductions in the amount and quality of care given to uninsured patients. We find that the introduction of a fair pricing law leads to a seven to nine percent reduction in the average length of ...
Discussion Paper
From-Whom-to-Whom Relationships in the Financial Accounts of the United States A New Methodology and Some Early Results
The Financial Accounts of the United States (the Accounts or FAUS) provide data on the financial assets and liabilities of major sectors of the United States economy, disaggregated by financial instrument. The Accounts can thus serve many purposes, such as sizing sectors and instruments, analyzing changes in credit flows, and assessing the net worth of households.