Tax farming redux: Experimental evidence on performance pay for tax collectors
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National Bureau of Economic Research
Executive Summary: "This paper provides empirical evidence of Medicaid crowd out of demand for private long-term care insurance. Using data on the near and young-elderly in the 'Health and retirement survey', our central estimate suggests that a $10,000 decrease in the level of assets an individual can keep while qualifying for Medicaid would increase private long-term care insurance coverage by 1.1 percentage points. These estimates imply that if every state in the country moved from their current Medicaid asset eligibility requirements to the most stringent Medicaid eligibility requirements allowed by federal law a change that would decrease average household assets protected by Medicaid by about$25,000 demand for private long-term care insurance would rise by 2.7 percentage points. While this represents a 30 percent increase in insurance coverage relative to the baseline ownership rate of 9.1 percent, it also indicates that the vast majority of households would still find it unattractive to purchase private insurance. We discuss reasons why, even with extremely stringent eligibility requirements, Medicaid may still exert a large crowd out effect on demand for private insurance."
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National Bureau of Economic Research
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Science
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American Economic Association
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Health Affairs
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Ideas for India
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IZA Institute of Labor Economics
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Harvard Kennedy School of Government
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National Bureau of Economic Research
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Nature
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Penguin Random House
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PNAS
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Ideas for India
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IZA Institute of Labor Economics
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National Bureau of Economic Research
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IZA Institute of Labor Economics
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EconPapers
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J-PAL
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American Economic Journal
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National Bureau of Economic Research
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Nature
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Seuil Jeunesse
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Massachusetts Institute of Technology
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EconPapers
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National Bureau of Economic Research
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Juggernaut Books
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National Bureau of Economic Research
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J-PAL
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New England Journal of Medicine AI
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National Bureau of Economic Research
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Journal of Development Economics
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Hachette
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American Economic Association
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De Gruyter
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Oxford University Press
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National Bureau of Economic Research
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EconPapers
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Public Affair Books
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Seuil
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Seuil
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J-PAL
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National Bureau of Economic Research
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The MIT Press
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National Bureau of Economic Research
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VoxDev
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MIT Climate Grand Challenges