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Savolainen links antisocial behavior in childhood to disadvantage and poverty in adulthood

Norton et al. put dollar value on relief from chronic pain for Americans age 50+

Seefeldt says TANF restrictions may limit program's help for poor Americans

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Paula Fomby to succeed Jennifer Barber as Associate Director of PSC

PSC community celebrates Violet Elder's retirement from PSC

Neal Krause wins GSA's Robert Kleemeier Award

U-M awarded $58 million to develop ideas for preventing and treating health problems

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Optimal Contributions to Flexible Spending Accounts

Archived Abstract of Former PSC Researcher

Bhattacharya, J., Michael Schoenbaum, and N. Sood. 2002. "Optimal Contributions to Flexible Spending Accounts." Economics Letters, 76(1): 129-135.

Flexible spending accounts (FSAs) permit tax-free healthcare spending. FSA dollars at year-end are lost. Given no alternative for leftover money, rational consumers spend to zero. Optimal FSA contributions should emphasize tradeoffs between utility from pre-tax medical expenditures and post-tax non-medical consumption. (C) 2002 Elsevier Science B.V. All rights reserved.

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