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Yang says remittances from workers abroad increase educational attainment for children

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Edin and Shaefer's book on destitute families in America reviewed in NYT

Highlights

Deirdre Bloome wins ASA award for work on racial inequality and intergenerational transmission

Bob Willis awarded 2015 Jacob Mincer Award for Lifetime Contributions to the Field of Labor Economics

David Lam is new director of Institute for Social Research

Elizabeth Bruch wins Robert Merton Prize for paper in analytic sociology

Next Brown Bag

Monday, Oct 12
Joe Grengs, Policy & Planning for Social Equity in Transportation

Increased Spending on Health Care: How Much Can the United States Afford?

Archived Abstract of Former PSC Researcher

Chernew, Michael, R.A. Hirth, and D.M. Cutler. 2003. "Increased Spending on Health Care: How Much Can the United States Afford?" Health Affairs, 22(4): 15-25.

Perceptions of whether health care cost growth is affordable contribute greatly to pressures for health system reform. In this paper we develop a framework for thinking about affordability, concluding that a one-percentage-point gap between real per capita growth in health care costs and growth in GDP would be affordable through 2075. A two-percentage-point gap would only be affordable through 2039. In either case, the share of income growth devoted to health care would exceed historical norms. The value of care, which determines willingness to pay, and distributional issues are more important than our ability as a society to pay for care.

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