CINXE.COM

Oregon Health Insurance Experiment - Results | NBER

<!DOCTYPE html> <html lang="en" dir="ltr" prefix="content: http://purl.org/rss/1.0/modules/content/ dc: http://purl.org/dc/terms/ foaf: http://xmlns.com/foaf/0.1/ og: http://ogp.me/ns# rdfs: http://www.w3.org/2000/01/rdf-schema# schema: http://schema.org/ sioc: http://rdfs.org/sioc/ns# sioct: http://rdfs.org/sioc/types# skos: http://www.w3.org/2004/02/skos/core# xsd: http://www.w3.org/2001/XMLSchema# "> <head> <script src="/modules/custom/nber_user_auth/js/cookies.js?snme9m"></script> <meta charset="utf-8" /> <style>/* @see https://github.com/aFarkas/lazysizes#broken-image-symbol */.js img.lazyload:not([src]) { visibility: hidden; }/* @see https://github.com/aFarkas/lazysizes#automatically-setting-the-sizes-attribute */.js img.lazyloaded[data-sizes=auto] { display: block; width: 100%; }</style> <link rel="canonical" href="https://www.nber.org/programs-projects/projects-and-centers/oregon-health-insurance-experiment/oregon-health-insurance-experiment-results" /> <meta property="og:site_name" content="NBER" /> <meta property="og:url" content="https://www.nber.org/programs-projects/projects-and-centers/oregon-health-insurance-experiment/oregon-health-insurance-experiment-results" /> <meta property="og:title" content="Oregon Health Insurance Experiment - Results" /> <meta property="og:image" content="https://www.nber.org/sites/default/files/2022-06/NBER-FB-Share-Tile-1200.jpg" /> <meta name="Generator" content="Drupal 10 (https://www.drupal.org)" /> <meta name="MobileOptimized" content="width" /> <meta name="HandheldFriendly" content="true" /> <meta name="viewport" content="width=device-width, initial-scale=1.0" /> <link rel="icon" href="/themes/custom/nber/favicon.ico" type="image/vnd.microsoft.icon" /> <script src="/sites/default/files/google_tag/primary/google_tag.script.js?snme9m" defer></script> <title>Oregon Health Insurance Experiment - Results | NBER</title> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/ajax-progress.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/align.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/autocomplete-loading.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/fieldgroup.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/container-inline.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/clearfix.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/details.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/hidden.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/item-list.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/js.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/nowrap.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/position-container.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/progress.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/reset-appearance.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/resize.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/sticky-header.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/system-status-counter.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/system-status-report-counters.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/system-status-report-general-info.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/tabledrag.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/tablesort.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/system/css/components/tree-child.module.css?snme9m" /> <link rel="stylesheet" media="all" href="/core/modules/filter/css/filter.caption.css?snme9m" /> <link rel="stylesheet" media="all" href="/modules/contrib/entity_embed/css/entity_embed.filter.caption.css?snme9m" /> <link rel="stylesheet" media="all" href="/modules/contrib/sitewide_alert/css/sitewide_alert.css?snme9m" /> <link rel="stylesheet" media="all" href="/themes/custom/nber/assets/build/css/nber-generated.css?snme9m" /> <!-- Fonts and jQuery preloading --> <link rel='preconnect' href='https://fonts.gstatic.com' crossorigin> <link rel="preload" as="font" type="font/woff2" href="/themes/custom/nber/assets/fonts/arimo-v17-latin_greek-regular.woff2" crossorigin="anonymous"> <link rel="preload" as="font" type="font/woff2" href="/themes/custom/nber/assets/fonts/arimo-v17-latin_greek-700.woff2" crossorigin="anonymous"> <link rel="preload" as="font" type="font/woff2" href="/themes/custom/nber/assets/fonts/arimo-v17-latin_greek-italic.woff2" crossorigin="anonymous"> <link rel="preload" as="font" type="font/woff2" href="/themes/custom/nber/assets/fonts/arimo-v17-latin_greek-700italic.woff2" crossorigin="anonymous"> <link rel="preload" as="font" type="font/woff2" href="/themes/custom/nber/assets/fonts/TiemposHeadlineWeb-Bold.woff2" crossorigin="anonymous"> <link rel="preload" as="font" type="font/woff2" href="/themes/custom/nber/assets/fonts/TiemposHeadlineWeb-Bold.woff2" crossorigin="anonymous"> <link rel="preload" as="font" type="font/woff2" href="/themes/custom/nber/assets/fonts/TiemposHeadlineWeb-Regular.woff2" crossorigin="anonymous"> <link rel="preload" as="font" type="font/woff2" href="/themes/custom/nber/assets/fonts/TiemposHeadlineWeb-Medium.woff2" crossorigin="anonymous"> </head> <body> <a href="#main-content" class="visually-hidden focusable"> Skip to main content </a> <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-MVRPF7C" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript><div data-sitewide-alert></div> <div class="dialog-off-canvas-main-canvas" data-off-canvas-main-canvas> <header class="header"> <div class="content-wrap"> <div class="header__grid header__branding-utility-user"> <div class="header__branding"> <a href="/" aria-label="NBER: National Bureau of Economic Research"> <svg aria-hidden="true" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 292.75 31.24"><title>NBER: National Bureau of Economic Research</title><path d="M149.44,8.91a8.1,8.1,0,0,1,.77,1.23h.06s-.05-.77-.05-1.94V4.49h2.11v9.15h-1.92l-3.23-4.35a9.3,9.3,0,0,1-.87-1.35h-.07a17.08,17.08,0,0,1,.1,2.06v3.64h-2.11V4.49h2Z"></path><path d="M160,11.73h-3.46l-.65,1.91h-2.21L157,4.49h2.61l3.34,9.15h-2.27ZM157.13,10h2.25L159,9a18,18,0,0,1-.72-2.61h-.06a23.42,23.42,0,0,1-.74,2.59Z"></path><path d="M165,13.64V6.32h-2.5V4.49h7.13V6.32h-2.55v7.32Z"></path><path d="M173.06,4.49v9.15H171V4.49Z"></path><path d="M174.89,9.07c0-3.08,1.63-4.77,4.34-4.77s4.35,1.69,4.35,4.77-1.65,4.75-4.35,4.75S174.89,12.13,174.89,9.07Zm2.19,0c0,1.8.7,2.91,2.15,2.91s2.15-1.11,2.15-2.91-.71-2.92-2.15-2.92S177.08,7.28,177.08,9.1Z"></path><path d="M190.62,8.91a8.47,8.47,0,0,1,.76,1.23h.07s0-.77,0-1.94V4.49h2.11v9.15h-1.93l-3.23-4.35a9.3,9.3,0,0,1-.87-1.35h-.06a17.08,17.08,0,0,1,.1,2.06v3.64H185.4V4.49h2Z"></path><path d="M201.18,11.73h-3.46l-.65,1.91h-2.21l3.31-9.15h2.61l3.34,9.15h-2.27ZM198.31,10h2.25l-.37-1a18,18,0,0,1-.72-2.61h-.06a22.38,22.38,0,0,1-.75,2.59Z"></path><path d="M207.58,4.49V11.8h3.57v1.84h-5.69V4.49Z"></path><path d="M221.16,9a2.08,2.08,0,0,1,2,2.16c0,1.5-1,2.5-3.23,2.5h-3.74V4.49H220c1.85,0,2.84.85,2.84,2.3a2,2,0,0,1-1.65,2.12Zm-1.63-.67c.72,0,1.18-.28,1.18-1s-.45-1-1.22-1h-1.17v2Zm-1.21,3.54h1.49c.8,0,1.25-.25,1.25-1s-.42-1-1.25-1h-1.49Z"></path><path d="M232.38,4.49v6.09c0,2.47-1.74,3.24-3.78,3.24s-3.77-.77-3.77-3.24V4.49h2.11V10c0,1.3.34,2.08,1.66,2.08s1.68-.78,1.68-2.1V4.49Z"></path><path d="M239.6,13.64a1.64,1.64,0,0,1-.49-1l-.34-1.37c-.18-.77-.54-.91-1.24-.91h-.9v3.23h-2.11V4.49h3.6c2,0,3.32.74,3.32,2.79a2.1,2.1,0,0,1-2,2.3v0A1.65,1.65,0,0,1,241,11l.47,1.71a2.06,2.06,0,0,0,.51,1Zm-3-5H238c.84,0,1.31-.33,1.31-1.2s-.44-1.2-1.31-1.2h-1.35Z"></path><path d="M249.69,13.64h-6.14V4.49h6.14V6.32h-4V8.14h3.55V9.89h-3.55V11.8h4Z"></path><path d="M256.94,11.73h-3.46l-.66,1.91h-2.2l3.31-9.15h2.61l3.33,9.15h-2.26ZM254.07,10h2.25L256,9a18,18,0,0,1-.72-2.61h-.06a22.38,22.38,0,0,1-.75,2.59Z"></path><path d="M268.37,4.49v6.09c0,2.47-1.74,3.24-3.78,3.24s-3.77-.77-3.77-3.24V4.49h2.11V10c0,1.3.34,2.08,1.66,2.08s1.68-.78,1.68-2.1V4.49Z"></path><path d="M277.87,5.39a3,3,0,0,1,3.29,3.12,4.76,4.76,0,0,1-4.68,4.83,3,3,0,0,1-3.29-3.11A4.79,4.79,0,0,1,277.87,5.39Zm0,.29c-.91,0-1.67,1.31-2.16,3a10.89,10.89,0,0,0-.42,2.54c0,1,.25,1.86,1.12,1.86s1.68-1.32,2.15-3A9.8,9.8,0,0,0,279,7.53C279,6.52,278.78,5.68,277.91,5.68Z"></path><path d="M285.69,5.54h1.85l-.17.41h-1.76l-1.69,6.91c-.68,2.76-2,3.79-4.09,3.85v0c1-.44,1.53-2,2.16-4.8L283.36,6h-1l.05-.16,1-.33.17-.6c.72-2.3,2-3.4,3.95-3.4,1.25,0,2.11.51,2.11,1.38a1.32,1.32,0,0,1-1.46,1.24,1.17,1.17,0,0,1-.95-.36,1.16,1.16,0,0,0,1-1.22c0-.5-.23-.8-.7-.8-.79,0-1.21.74-1.64,2.85Z"></path><path d="M150.36,28.89h-6.13V19.74h6.13v1.84h-4V23.4h3.54v1.75h-3.54v1.91h4Z"></path><path d="M159.9,27a4,4,0,0,1-3.93,2.1c-2.49,0-4.2-1.72-4.2-4.77s1.68-4.75,4.47-4.75A3.75,3.75,0,0,1,160,21.87l-2,1a1.74,1.74,0,0,0-1.77-1.45c-1.38,0-2.22,1.1-2.22,2.94s.74,2.86,2.25,2.86a2,2,0,0,0,1.91-1.31Z"></path><path d="M160.87,24.33c0-3.08,1.63-4.77,4.33-4.77s4.35,1.69,4.35,4.77-1.64,4.75-4.35,4.75S160.87,27.39,160.87,24.33Zm2.19,0c0,1.8.7,2.9,2.14,2.9s2.16-1.1,2.16-2.9-.71-2.92-2.16-2.92S163.06,22.54,163.06,24.36Z"></path><path d="M176.6,24.17a8.47,8.47,0,0,1,.76,1.23h.06s0-.78,0-1.94V19.74h2.11v9.15h-1.93l-3.23-4.35a8.71,8.71,0,0,1-.87-1.35h-.06a19.29,19.29,0,0,1,.09,2.07v3.63h-2.11V19.74h2Z"></path><path d="M181.32,24.33c0-3.08,1.63-4.77,4.33-4.77S190,21.25,190,24.33s-1.64,4.75-4.35,4.75S181.32,27.39,181.32,24.33Zm2.19,0c0,1.8.7,2.9,2.14,2.9s2.16-1.1,2.16-2.9-.71-2.92-2.16-2.92S183.51,22.54,183.51,24.36Z"></path><path d="M195.87,26.78l-1.26-2.1a7.59,7.59,0,0,1-.7-1.39h-.06a10,10,0,0,1,.09,1.55v4.05h-2.11V19.74H194l1.72,3.1a6.54,6.54,0,0,1,.65,1.33h.06a8.13,8.13,0,0,1,.66-1.33l1.74-3.1h2.11v9.15h-2.1V24.84a11.22,11.22,0,0,1,.08-1.55h-.06a7.9,7.9,0,0,1-.69,1.39l-1.27,2.1Z"></path><path d="M205.42,19.74v9.15h-2.11V19.74Z"></path><path d="M215.37,27a4,4,0,0,1-3.93,2.1c-2.48,0-4.19-1.72-4.19-4.77s1.68-4.75,4.47-4.75a3.76,3.76,0,0,1,3.73,2.31l-2,1a1.74,1.74,0,0,0-1.77-1.45c-1.39,0-2.23,1.1-2.23,2.94s.75,2.86,2.26,2.86a2,2,0,0,0,1.91-1.31Z"></path><path d="M225.42,28.89a1.55,1.55,0,0,1-.48-.94l-.34-1.37c-.19-.78-.55-.92-1.25-.92h-.9v3.23h-2.11V19.74h3.6c2.05,0,3.33.75,3.33,2.8a2.11,2.11,0,0,1-2,2.3v0a1.67,1.67,0,0,1,1.53,1.34l.46,1.7a2.16,2.16,0,0,0,.51,1Zm-3-5h1.35c.84,0,1.31-.32,1.31-1.19s-.44-1.2-1.31-1.2h-1.35Z"></path><path d="M235.51,28.89h-6.13V19.74h6.13v1.84h-4V23.4H235v1.75h-3.54v1.91h4Z"></path><path d="M238.55,26a1.71,1.71,0,0,0,1.71,1.48c.7,0,1.21-.29,1.21-.91s-.32-.87-1.52-1.24c-2.1-.67-3-1.46-3-3,0-2.06,1.62-2.75,3.22-2.75,1.88,0,3.28.64,3.46,2.38l-2.09.53a1.25,1.25,0,0,0-1.32-1.17c-.59,0-1.06.27-1.06.86s.5.88,1.57,1.21c1.92.6,2.9,1.26,2.9,3,0,2-1.61,2.72-3.55,2.72s-3-.59-3.48-2.24Z"></path><path d="M251.61,28.89h-6.13V19.74h6.13v1.84h-4V23.4h3.54v1.75h-3.54v1.91h4Z"></path><path d="M258.86,27H255.4l-.65,1.91h-2.21l3.31-9.15h2.61l3.34,9.15h-2.27ZM256,25.23h2.25l-.37-1a16.75,16.75,0,0,1-.71-2.61h-.07a23.19,23.19,0,0,1-.74,2.6Z"></path><path d="M268.23,28.89a1.55,1.55,0,0,1-.48-.94l-.35-1.37c-.18-.78-.54-.92-1.24-.92h-.9v3.23h-2.11V19.74h3.6c2.05,0,3.33.75,3.33,2.8a2.11,2.11,0,0,1-2,2.3v0a1.65,1.65,0,0,1,1.52,1.34l.47,1.7a2.06,2.06,0,0,0,.51,1Zm-3-5h1.35c.84,0,1.31-.32,1.31-1.19s-.44-1.2-1.31-1.2h-1.35Z"></path><path d="M279.59,27a4,4,0,0,1-3.93,2.1c-2.48,0-4.19-1.72-4.19-4.77s1.68-4.75,4.47-4.75a3.76,3.76,0,0,1,3.73,2.31l-2,1a1.74,1.74,0,0,0-1.77-1.45c-1.39,0-2.23,1.1-2.23,2.94s.75,2.86,2.26,2.86a2,2,0,0,0,1.91-1.31Z"></path><path d="M281.13,28.89V19.74h2.11v3.59h3.51V19.74h2.11v9.15h-2.11V25.17h-3.51v3.72Z"></path><path d="M49.51,15.57V15.5C56.93,15.57,60,12.67,60,9.88c0-3.11-2.63-5.53-9.74-5.53h-28c-.83,0-1.59.76,0,1.07,2.34.63,4.48,4.49,4.48,12.94v3.28h-.07L20.2,8.91c-2-4-.45-3.07-.45-4.07,0-.49-.59-.49-.79-.49H5.25c-.41,0-1.44,0-1.44.52s.65.49,1.07.49A3.49,3.49,0,0,1,7.33,7V18.57c0,3.52-.66,8.84-4.11,9.49-.24.07-.52.1-.52.48s.38.49.73.49h10.8c1,0,1.07-.87-.14-1-3-.42-5.76-3.66-5.76-13.53v-6l.1-.07L18.89,27.92c.51.93.89,2.42,1.2,2.42a2.77,2.77,0,0,0,1.25-.69A16,16,0,0,1,29.14,26c.34,0,1.41-.07,1.41-.56,0-.93-1.9-.07-2.8-1.79v-5.9c0-9.91,2.73-12,4.35-12.36l.15,0c1.58.22,1.66,1.53,1.66,8.94v4.72c0,8.49-.1,9-2.45,9-.34,0-1,0-1,.55s.59.45.9.45H50.72c6.83,0,9.93-3.18,9.93-7.22C60.65,18.33,58.31,15.09,49.51,15.57Zm-5.42-5.52c0-4.49.31-4.69,2.62-4.69s2.73.58,2.73,3.52v3.38c0,1.93-.59,2.86-3.66,2.86H44.09Zm5.35,9v5.18c0,3.38-.65,3.8-2.69,3.8-2.55,0-2.66-.18-2.66-4.8V16.12h1.62C49.06,16.12,49.47,16.81,49.44,19.05Z"></path><path d="M87.38,19.64l-.76,1.11C84.86,23.47,81.27,28,77.72,28c-1.76,0-2.49-.49-2.49-4V16h1c2.42,0,4.35,1.14,4.42,4.66,0,1.76,1,1.52,1,.41V10.36c0-.9-.83-1.24-1,.24-.41,3.49-2,4.42-4.42,4.42h-1V9.32c.14-3.41.62-4,2.52-4,3.69,0,7.08,4.52,8.39,7.59.1.27.45,1.24.86,1.24s.45-.42.28-1.59L85.45,3.08c-.14-1.14-.56-1.14-1.07-.52-.83.93-1.93,1.66-6.25,1.79H62.5c-.31,0-.9,0-.9.45s.66.56,1,.56c2.35,0,2.45.48,2.45,9v4.72c0,8.49-.1,9-2.45,9-.34,0-1,0-1,.55s.59.45.9.45H78.13c5.94,0,6.35,1,7.08,1.93.31.41.79.48,1-.59l2.24-11.11C88.45,18.88,87.9,18.43,87.38,19.64Z"></path><path d="M120.69,28c-2.24,0-5.69-6.66-5.79-9.63,0-.86-.11-.79-1.35-.59a11,11,0,0,1-8.66-1.14v-.06c4.73-.32,12.59.31,12.59-6.42,0-6.15-6.72-5.84-11.11-5.84H88.81c-.28,0-.86,0-.86.52s.48.49.82.49c2.18,0,2.35.62,2.35,9v4.72c0,8.36-.17,9-2.35,9-.34,0-.82.07-.82.48s.58.52.86.52h14.8c.28,0,.87,0,.87-.52S104,28,103.65,28c-2.18,0-2.35-.62-2.35-9V16.92h2.38L107.86,28c.2.72.31,1,1.1,1h11.66c.32,0,.76,0,.76-.45S121,28,120.69,28ZM101.3,15.91v-5c0-5.46.59-5.52,2.8-5.52S107,5.53,107,9.91c0,5.35-.76,6-3,6Z"></path><rect x="130.19" y="4.35" width="2.2" height="24.6"></rect></svg> </a> </div> <div class="header__utility header__utility--desktop"> <nav class="utility-nav js-utility-nav" aria-label="Utility Navigation"> <ul class="utility-nav__list"> <li class="utility-nav__item"><a href="/subscribe">Subscribe</a></li> <li class="utility-nav__item"><a href="/media">Media</a></li> <li class="utility-nav__item"><a href="/calls-papers-and-proposals">Open Calls</a></li> </ul> </nav> </div> <div class="header__user header__user--desktop"></div> <div class="header__mobile js-header__mobile"> <button type="button" class="btn btn--icon js-hamburger" aria-haspopup="true" aria-expanded="false" aria-controls="nav-search-pane" aria-label="Search" data-target="nav-search-pane" data-focus="search-bar__field--mobile"> <span class="icon-search"> <svg aria-hidden="true" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="26" height="26" viewBox="0 0 23 23"> <path d="M9.516 14.016q1.875 0 3.188-1.313t1.313-3.188-1.313-3.188-3.188-1.313-3.188 1.313-1.313 3.188 1.313 3.188 3.188 1.313zM15.516 14.016l4.969 4.969-1.5 1.5-4.969-4.969v-0.797l-0.281-0.281q-1.781 1.547-4.219 1.547-2.719 0-4.617-1.875t-1.898-4.594 1.898-4.617 4.617-1.898 4.594 1.898 1.875 4.617q0 2.438-1.547 4.219l0.281 0.281h0.797z"></path> </svg> </span> </button> <button type="button" class="btn btn--icon trigger-hamburger js-hamburger" aria-haspopup="true" aria-expanded="false" aria-controls="nav-search-pane" aria-label="Menu" data-target="nav-search-pane"><span class="icon-hamburger"></span></button> </div> </div> <div class="header__grid header__nav-search" id="nav-search-pane" aria-hidden="false"> <div class="header__user-close"> <div class="header__user header__user--mobile"></div> <button type="button" class="btn btn--link trigger-hamburger-close js-hamburger-close"> <svg aria-hidden="true" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24"><path d="M23 20.168l-8.185-8.187 8.185-8.174-2.832-2.807-8.182 8.179-8.176-8.179-2.81 2.81 8.186 8.196-8.186 8.184 2.81 2.81 8.203-8.192 8.18 8.192z"/></svg> </button> </div> <div class="header__search header__search--mobile"> <form action="/search" class="form search-bar" role="search"> <div class="form__field form__field--search js-label form__field--placeholder"> <label for="search-bar__field--mobile">Search</label> <input name="q" type="text" id="search-bar__field--mobile" class="search-bar__field--mobile"> <button class="btn btn--no-style" aria-label="Search"> <svg aria-hidden="true" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="24" height="24" viewBox="0 0 24 24"> <path d="M9.516 14.016q1.875 0 3.188-1.313t1.313-3.188-1.313-3.188-3.188-1.313-3.188 1.313-1.313 3.188 1.313 3.188 3.188 1.313zM15.516 14.016l4.969 4.969-1.5 1.5-4.969-4.969v-0.797l-0.281-0.281q-1.781 1.547-4.219 1.547-2.719 0-4.617-1.875t-1.898-4.594 1.898-4.617 4.617-1.898 4.594 1.898 1.875 4.617q0 2.438-1.547 4.219l0.281 0.281h0.797z"></path> </svg> </button> </div> </form> </div> <div class="header__nav js-header__nav"> <nav class="primary-nav js-primary-nav" aria-label="Main Navigation" role="navigation"> <ul class="primary-nav__list "> <li class="primary-nav__item primary-nav__item--has-children primary-nav__item--has-megadropdown"> <button type="button" class="primary-nav__action js-primary-nav__action" aria-haspopup="true" aria-expanded="false">Research</button> <div class="primary-nav__dropdown"> <div class="primary-nav__dropdown-heading"></div> <div class="primary-nav__dropdown-body"> <a href="/research" data-is-megamenu="1" title="This is a link to the research page" class="primary-nav__dropdown-link link link--arrow" data-drupal-link-system-path="node/7206">EXPLORE Research</a> <ul class="primary-nav__sublist "> <li class="primary-nav__sublist-column"> <span data-is-column="1" class="link primary-nav__sublist-heading primary-nav__sublist-heading--has-link">Findings</span> <ul class=" primary-nav__tertiary"> <li class="primary-nav__subitem"> <a href="/papers" class="link" data-drupal-link-system-path="node/43401">Working Papers</a> </li> <li class="primary-nav__subitem"> <a href="/books-and-chapters" class="link" data-drupal-link-system-path="node/43406">Books &amp; Chapters</a> </li> <li class="primary-nav__subitem"> <a href="/research/videos" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/758387">Videos</a> </li> </ul> </li> <li class="primary-nav__sublist-column"> <span data-is-column="1" class="link primary-nav__sublist-heading primary-nav__sublist-heading--has-link">Periodicals</span> <ul class=" primary-nav__tertiary"> <li class="primary-nav__subitem"> <a href="/digest" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/803540">The Digest</a> </li> <li class="primary-nav__subitem"> <a href="/reporter" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/803541">The Reporter</a> </li> <li class="primary-nav__subitem"> <a href="/brd" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/803542">The Bulletin on Retirement and Disability</a> </li> <li class="primary-nav__subitem"> <a href="/bh" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/803543">The Bulletin on Health</a> </li> <li class="primary-nav__subitem"> <a href="/be" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/803544">The Bulletin on Entrepreneurship</a> </li> <li class="primary-nav__subitem"> <a href="/bah" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/803545">The Bulletin on Aging &amp; Health Archives</a> </li> </ul> </li> <li class="primary-nav__sublist-column"> <span data-is-megamenu="1" data-is-column="1" class="link primary-nav__sublist-heading primary-nav__sublist-heading--has-link">Data &amp; Business Cycles</span> <ul class=" primary-nav__tertiary"> <li class="primary-nav__subitem"> <a href="/research/boston-research-data-center" class="link" data-drupal-link-system-path="node/155940">Boston Research Data Center</a> </li> <li class="primary-nav__subitem"> <a href="/research/business-cycle-dating" class="link" data-drupal-link-system-path="node/98388">Business Cycle Dating</a> </li> <li class="primary-nav__subitem"> <a href="/research/data" class="link" data-drupal-link-system-path="node/93388">Public Use Data Archive</a> </li> </ul> </li> <li class="primary-nav__sublist-column"> <a href="/research/topics" data-is-megamenu="0" data-is-column="1" data-invisible="0" class="link link--arrow primary-nav__sublist-heading primary-nav__sublist-heading--has-link" data-drupal-link-system-path="node/43411">All Topics</a> <ul class=" primary-nav__tertiary"> <li class="primary-nav__subitem"> <a href="/topics/taxation" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="taxonomy/term/4720">Taxation</a> </li> <li class="primary-nav__subitem"> <a href="/themes/immigration/immigrationsummary.shtml?page=1&amp;perPage=50" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-query="{&quot;page&quot;:&quot;1&quot;,&quot;perPage&quot;:&quot;50&quot;}" data-drupal-link-system-path="taxonomy/term/591">Unemployment and Immigration</a> </li> <li class="primary-nav__subitem"> <a href="/taxonomy/term/681" class="link" data-drupal-link-system-path="taxonomy/term/681">Energy</a> </li> <li class="primary-nav__subitem"> <a href="/topics/entrepreneurship" class="link" data-drupal-link-system-path="taxonomy/term/4701">Entrepreneurship</a> </li> <li class="primary-nav__subitem"> <a href="/taxonomy/term/481" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="taxonomy/term/481">Trade</a> </li> </ul> </li> </ul> </div> </div> </li> <li class="primary-nav__item primary-nav__item--has-children primary-nav__item--has-megadropdown active-trail primary-nav__item--is-active"> <button type="button" class="primary-nav__action js-primary-nav__action" aria-haspopup="true" aria-expanded="false">Programs &amp; Projects</button> <div class="primary-nav__dropdown"> <div class="primary-nav__dropdown-heading"></div> <div class="primary-nav__dropdown-body"> <a href="/programs-projects" data-is-megamenu="1" class="primary-nav__dropdown-link link link--arrow" data-drupal-link-system-path="node/7211">EXPLORE Programs &amp; Projects</a> <ul class="primary-nav__sublist "> <li class="primary-nav__sublist-column"> <a href="/programs-projects/programs-working-groups" data-is-column="1" class="link link--arrow primary-nav__sublist-heading primary-nav__sublist-heading--has-link" data-drupal-link-system-path="node/43416">Programs</a> <ul class=" primary-nav__tertiary"> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/economics-aging" class="link" data-drupal-link-system-path="node/11541">Economics of Aging</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/asset-pricing" class="link" data-drupal-link-system-path="node/11546">Asset Pricing</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/children-and-families" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/11551">Children and Families</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/corporate-finance" class="link" data-drupal-link-system-path="node/11556">Corporate Finance</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/development-economics" class="link" data-drupal-link-system-path="node/11641">Development Economics</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/development-american-economy" class="link" data-drupal-link-system-path="node/11561">Development of the American Economy</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/economic-fluctuations-and-growth" class="link" data-drupal-link-system-path="node/11571">Economic Fluctuations and Growth</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/economics-education" class="link" data-drupal-link-system-path="node/11566">Economics of Education</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/economics-health" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/679497">Economics of Health</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/environment-and-energy-economics" class="link" data-drupal-link-system-path="node/11636">Environment and Energy Economics</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/industrial-organization" class="link" data-drupal-link-system-path="node/11586">Industrial Organization</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/international-finance-and-macroeconomics" class="link" data-drupal-link-system-path="node/11591">International Finance and Macroeconomics</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/international-trade-and-investment" class="link" data-drupal-link-system-path="node/11596">International Trade and Investment</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/labor-studies" class="link" data-drupal-link-system-path="node/11601">Labor Studies</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/law-and-economics" class="link" data-drupal-link-system-path="node/11606">Law and Economics</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/monetary-economics" class="link" data-drupal-link-system-path="node/11611">Monetary Economics</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/political-economy" class="link" data-drupal-link-system-path="node/11631">Political Economy</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/productivity-innovation-and-entrepreneurship" class="link" data-drupal-link-system-path="node/11616">Productivity, Innovation, and Entrepreneurship</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups/public-economics" class="link" data-drupal-link-system-path="node/11621">Public Economics</a> </li> </ul> </li> <li class="primary-nav__sublist-column"> <a href="/programs-projects/programs-working-groups#Groups" data-is-column="1" class="link link--arrow primary-nav__sublist-heading primary-nav__sublist-heading--has-link" data-drupal-link-system-path="node/43416">Working Groups</a> <ul class=" primary-nav__tertiary"> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/behavioral-finance" class="link" data-drupal-link-system-path="node/11686">Behavioral Finance</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/chinese-economy" class="link" data-drupal-link-system-path="node/11676">Chinese Economy </a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/cohort-studies" class="link" data-drupal-link-system-path="node/11646">Cohort Studies </a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/economics-crime" class="link" data-drupal-link-system-path="node/11681">Economics of Crime</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/entrepreneurship" class="link" data-drupal-link-system-path="node/11651">Entrepreneurship</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/gender-economy" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/715312">Gender in the Economy</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/household-finance" class="link" data-drupal-link-system-path="node/11706">Household Finance</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/innovation-policy" class="link" data-drupal-link-system-path="node/11691">Innovation Policy</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/insurance" class="link" data-drupal-link-system-path="node/11656">Insurance</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/market-design" class="link" data-drupal-link-system-path="node/11696">Market Design</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/organizational-economics" class="link" data-drupal-link-system-path="node/11671">Organizational Economics</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/personnel-economics" class="link" data-drupal-link-system-path="node/11661">Personnel Economics</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/race-and-stratification-economy" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/281780">Race and Stratification in the Economy</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/programs-working-groups%23Groups/urban-economics" class="link" data-drupal-link-system-path="node/11666">Urban Economics</a> </li> </ul> </li> <li class="primary-nav__sublist-column active-trail primary-nav__subitem--is-active"> <a href="/programs-projects/projects-and-centers" data-is-megamenu="0" data-is-column="1" data-invisible="0" class="link link--arrow primary-nav__sublist-heading primary-nav__sublist-heading--has-link" data-drupal-link-system-path="node/43421">All Projects &amp; Centers</a> <ul class=" primary-nav__tertiary"> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/boosting-grant-applications-faculty-msis" class="link" data-drupal-link-system-path="node/360310">Boosting Grant Applications from Faculty at MSIs</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/center-aging-and-health-research" class="link" data-drupal-link-system-path="node/93444">Center for Aging and Health Research</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/ADRD" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/915763">Center on Economics of Alzheimer&#039;s Disease</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/conference-research-income-and-wealth" class="link" data-drupal-link-system-path="node/44210">Conference on Research in Income and Wealth</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/economics-digitization" class="link" data-drupal-link-system-path="node/137721">Economics of Digitization</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/financial-frictions-and-systemic-risk" class="link" data-drupal-link-system-path="node/772597">Financial Frictions and Systemic Risk</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/healthcare-decision-making-and-outcomes-people-living-alzheimers-disease" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/99656">Healthcare Decision-Making and Outcomes for People Living with Alzheimer&#039;s Disease</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/annual-conference-macroeconomics" class="link" data-drupal-link-system-path="node/98834">Macroeconomics Annual</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/measuring-clinical-and-economic-outcomes-associated-delivery-systems" class="link" data-drupal-link-system-path="node/99655">Measuring the Clinical and Economic Outcomes Associated with Delivery Systems</a> </li> <li class="primary-nav__subitem active-trail primary-nav__subitem--is-active"> <a href="/programs-projects/projects-and-centers/oregon-health-insurance-experiment" class="link" data-drupal-link-system-path="node/93448">Oregon Health Insurance Experiment</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/retirement-and-disability-research-center" class="link" data-drupal-link-system-path="node/93438">Retirement and Disability Research Center</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/nber-roybal-center-behavior-change-health" class="link" data-drupal-link-system-path="node/93452">The Roybal Center for Behavior Change in Health</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/science-science-funding" class="link" data-drupal-link-system-path="node/93447">Science of Science Funding</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/training-program-aging-and-health-economics" class="link" data-drupal-link-system-path="node/94634">Training Program in Aging and Health Economics</a> </li> <li class="primary-nav__subitem"> <a href="/programs-projects/projects-and-centers/transportation-economics-21st-century" class="link" data-drupal-link-system-path="node/105595">Transportation Economics in the 21st Century</a> </li> </ul> </li> </ul> </div> </div> </li> <li class="primary-nav__item primary-nav__item--has-children"> <button type="button" class="primary-nav__action js-primary-nav__action" aria-haspopup="true" aria-expanded="false">Conferences</button> <div class="primary-nav__dropdown"> <div class="primary-nav__dropdown-heading"></div> <div class="primary-nav__dropdown-body"> <a href="/conferences" class="primary-nav__dropdown-link link link--arrow" data-drupal-link-system-path="node/43386">EXPLORE Conferences</a> <ul class="primary-nav__sublist "> <li class="primary-nav__subitem"> <a href="/summer-institute" class="link" data-drupal-link-system-path="node/96979">Summer Institute</a> </li> </ul> </div> </div> </li> <li class="primary-nav__item"> <a href="/affiliated-scholars" class="primary-nav__action" data-drupal-link-system-path="node/7221">Affiliated Scholars</a> </li> <li class="primary-nav__item primary-nav__item--has-children"> <button type="button" class="primary-nav__action js-primary-nav__action" aria-haspopup="true" aria-expanded="false">NBER News</button> <div class="primary-nav__dropdown"> <div class="primary-nav__dropdown-heading"></div> <div class="primary-nav__dropdown-body"> <a href="/nber-news" class="primary-nav__dropdown-link link link--arrow" data-drupal-link-system-path="node/94726">EXPLORE NBER News</a> <ul class="primary-nav__sublist "> <li class="primary-nav__subitem"> <a href="/nber-research-news" class="link" data-drupal-link-system-path="node/93183">Research in the News</a> </li> <li class="primary-nav__subitem"> <a href="/nber-news/nobel-laureates" class="link" data-drupal-link-system-path="node/94670">Nobel Laureates</a> </li> <li class="primary-nav__subitem"> <a href="/nber-news/featured-working-papers-archive" class="link" data-drupal-link-system-path="node/98916">Featured Working Papers Archive</a> </li> </ul> </div> </div> </li> <li class="primary-nav__item primary-nav__item--has-children"> <button type="button" class="primary-nav__action js-primary-nav__action" aria-haspopup="true" aria-expanded="false">Career Resources</button> <div class="primary-nav__dropdown"> <div class="primary-nav__dropdown-heading"></div> <div class="primary-nav__dropdown-body"> <a href="/career-resources" class="primary-nav__dropdown-link link link--arrow" data-drupal-link-system-path="node/120606">EXPLORE Career Resources</a> <ul class="primary-nav__sublist "> <li class="primary-nav__subitem"> <a href="/career-resources/research-assistant-positions-nber" class="link" data-drupal-link-system-path="node/217004">RA Positions – at NBER</a> </li> <li class="primary-nav__subitem"> <a href="/career-resources/research-assistant-positions-not-nber" class="link" data-drupal-link-system-path="node/120216">RA Positions – not at the NBER</a> </li> <li class="primary-nav__subitem"> <a href="/career-resources/staff-positions-nber" class="link" data-drupal-link-system-path="node/217005">Staff Positions at NBER</a> </li> <li class="primary-nav__subitem"> <a href="/career-resources/calls-fellowship-applications" class="link" data-drupal-link-system-path="node/120607">Calls for Fellowship Applications</a> </li> <li class="primary-nav__subitem"> <a href="/career-resources/postdoctoral-and-graduate-fellows-academic-year-2024-25" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/831005">Current Fellowship Recipients</a> </li> </ul> </div> </div> </li> <li class="primary-nav__item primary-nav__item--has-children"> <button type="button" class="primary-nav__action js-primary-nav__action" aria-haspopup="true" aria-expanded="false">About</button> <div class="primary-nav__dropdown"> <div class="primary-nav__dropdown-heading"></div> <div class="primary-nav__dropdown-body"> <a href="/about-nber" class="primary-nav__dropdown-link link link--arrow" data-drupal-link-system-path="node/93182">EXPLORE About</a> <ul class="primary-nav__sublist "> <li class="primary-nav__subitem"> <a href="/about-nber/leadership-governance" class="link" data-drupal-link-system-path="node/44127">Leadership &amp; Governance</a> </li> <li class="primary-nav__subitem"> <a href="/about-nber/support-funding" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/98501">Support &amp; Funding</a> </li> <li class="primary-nav__subitem"> <a href="/about-nber/history" class="link" data-drupal-link-system-path="node/44128">History</a> </li> <li class="primary-nav__subitem"> <a href="/about-nber/standards-conduct" class="link" data-drupal-link-system-path="node/93846">Standards of Conduct</a> </li> <li class="primary-nav__subitem"> <a href="/about-nber/nber-staff" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link" data-drupal-link-system-path="node/93848">Staff</a> </li> </ul> </div> </div> </li> </ul> </nav> <div class="header__utility header__utility--mobile"> <nav class="utility-nav js-utility-nav" aria-label="Utility Navigation"> <ul class="utility-nav__list"> <li class="utility-nav__item"><a href="/subscribe">Subscribe</a></li> <li class="utility-nav__item"><a href="/media">Media</a></li> <li class="utility-nav__item"><a href="/calls-papers-and-proposals">Open Calls</a></li> </ul> </nav> </div> </div> <div class="header__search header__search--desktop js-search-menu" aria-label="Search"> <button type="button" class="btn btn--icon header__search-button js-search-button" id="menu2" aria-haspopup="true" aria-controls="menu1" aria-expanded="false"> <span class="icon-search"><svg version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="24" height="24" viewBox="0 0 24 24"> <path d="M9.516 14.016q1.875 0 3.188-1.313t1.313-3.188-1.313-3.188-3.188-1.313-3.188 1.313-1.313 3.188 1.313 3.188 3.188 1.313zM15.516 14.016l4.969 4.969-1.5 1.5-4.969-4.969v-0.797l-0.281-0.281q-1.781 1.547-4.219 1.547-2.719 0-4.617-1.875t-1.898-4.594 1.898-4.617 4.617-1.898 4.594 1.898 1.875 4.617q0 2.438-1.547 4.219l0.281 0.281h0.797z"></path> </svg> </span> </button> <div class="header__search-drop-down js-search-content" id="menu1"> <div class="header__search-inner-container"> <form action="/search" class="form search-bar" role="search"> <div class="form__field form__field--search js-label form__field--placeholder"> <label for="search-bar__field--desktop">Search</label> <input name="q" type="text" id="search-bar__field--desktop"> <button class="btn btn--no-style" aria-label="Search"> <svg aria-hidden="true" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="24" height="24" viewBox="0 0 24 24"> <path d="M9.516 14.016q1.875 0 3.188-1.313t1.313-3.188-1.313-3.188-3.188-1.313-3.188 1.313-1.313 3.188 1.313 3.188 3.188 1.313zM15.516 14.016l4.969 4.969-1.5 1.5-4.969-4.969v-0.797l-0.281-0.281q-1.781 1.547-4.219 1.547-2.719 0-4.617-1.875t-1.898-4.594 1.898-4.617 4.617-1.898 4.594 1.898 1.875 4.617q0 2.438-1.547 4.219l0.281 0.281h0.797z"></path> </svg> </button> </div> </form> </div> </div> </div> </div> </div> </header> <main> <a id="main-content" tabindex="-1"></a> <div id="block-nber-breadcrumbs"> <nav class="breadcrumbs" aria-label="You are here:"> <ul class="breadcrumbs__list "> <li class="breadcrumbs__item"> <a href="/" class="breadcrumbs__link">Home</a> </li> <li class="breadcrumbs__item"> <a href="/programs-projects" class="breadcrumbs__link">Programs &amp; Projects</a> </li> <li class="breadcrumbs__item"> <a href="/programs-projects/projects-and-centers" class="breadcrumbs__link">All Projects &amp; Centers</a> </li> <li class="breadcrumbs__item"> <a href="/programs-projects/projects-and-centers/oregon-health-insurance-experiment" class="breadcrumbs__link">Oregon Health Insurance Experiment</a> </li> <li class="breadcrumbs__item"> Results </li> </ul> </nav> </div> <div class="page-header page-header--with-sidenav"> <div class="page-header__gradient-placeholder"></div> <div class="page-header__title-page"> <h1 class="page-header__title"> <span>Oregon Health Insurance Experiment - Results</span> </h1> <div class="page-header__share"> <div class="share"> <span class="share__label">Share</span> <div class="share__buttons addthis_toolbox addthis_default_style"> <a class="share__btn addthis_button_twitter" title="Twitter" href="#share_twitter"> <span class="share__btn-text">X</span><span class="share__btn-icon"> <svg aria-hidden="true" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="24" height="19" viewBox="0 0 24 19"> <g transform="scale(0.075,0.075) translate(10,0)"> <path d="m236 0h46l-101 115 118 156h-92.6l-72.5-94.8-83 94.8h-46l107-123-113-148h94.9l65.5 86.6zm-16.1 244h25.5l-165-218h-27.4z"/> </g> </svg> </span> </a> <a class="share__btn addthis_button_linkedin" target="_blank" title="LinkedIn" href="#share_linkedin"> <span class="share__btn-text">LinkedIn</span><span class="share__btn-icon"> <svg aria-hidden="true" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="24" height="23" viewBox="0 0 24 23"> <g transform="translate(-1101 -3501)"> <path d="M1113.97 3510.57c2.1-3.76 11.03-4.04 11.03 3.6v9.83h-5v-8.15c0-4.9-6.03-4.53-6.03 0v8.15H1109v-15.52h4.97zM1106 3524h-5v-16h5zm0-20.5a2.5 2.5 0 1 1-5 0 2.5 2.5 0 0 1 5 0z"></path> </g> </svg> </span></a> <a class="share__btn" target="_blank" title="Email" href="mailto:?subject=Oregon Health Insurance Experiment - Results&body=https://www.nber.org/programs-projects/projects-and-centers/oregon-health-insurance-experiment/oregon-health-insurance-experiment-results"> <span class="share__btn-text">Email</span><span class="share__btn-icon"> <svg aria-hidden="true" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="24" height="24" viewBox="0 0 24 24"> <g> <path d="M20,4 L4,4 C2.9,4 2.01,4.9 2.01,6 L2,18 C2,19.1 2.9,20 4,20 L20,20 C21.1,20 22,19.1 22,18 L22,6 C22,4.9 21.1,4 20,4 L20,4 Z M20,8 L12,13 L4,8 L4,6 L12,11 L20,6 L20,8 L20,8 Z"></path> </g> </svg> </span></a> </div> </div> </div> <hr> </div> <div class="page-header__sidenav"> <div> <nav class="secondary-nav"> <a href="/programs-projects/projects-and-centers/oregon-health-insurance-experiment" data-is-megamenu="0" data-is-column="0" data-invisible="0" class="link link--left-arrow" data-drupal-link-system-path="node/93448">Oregon Health Insurance Experiment</a> <button class="secondary-nav__mobile-trigger js-nav-accordion is-open" aria-expanded="true">In This Section</button> <ul class="secondary-nav__list"> <li class="secondary-nav__item secondary-nav__item--parent"> <ul class="secondary-nav__list"> <li class="secondary-nav__item"> <a href="/programs-projects/projects-and-centers/oregon-health-insurance-experiment/oregon-health-insurance-experiment-background" data-is-megamenu="0" data-is-column="0" data-invisible="0" data-drupal-link-system-path="node/94558">Background</a> </li> <li class="secondary-nav__item"> <a href="/research/data/oregon-health-insurance-experiment-data" data-is-megamenu="0" data-is-column="0" data-invisible="0" data-drupal-link-system-path="node/94612">Data</a> </li> <li class="secondary-nav__item is-active"> <a href="/programs-projects/projects-and-centers/oregon-health-insurance-experiment/oregon-health-insurance-experiment-results" data-is-megamenu="0" data-is-column="0" data-invisible="0" data-drupal-link-system-path="node/94536" class="is-active">Results</a> </li> <li class="secondary-nav__item"> <a href="/programs-projects/projects-and-centers/oregon-health-insurance-experiment/oregon-health-insurance-experiment-documents" data-is-megamenu="0" data-is-column="0" data-invisible="0" data-drupal-link-system-path="node/94541">Documents</a> </li> <li class="secondary-nav__item"> <a href="/programs-projects/projects-and-centers/oregon-health-insurance-experiment/oregon-health-insurance-experiment-publications" data-is-megamenu="0" data-is-column="0" data-invisible="0" data-drupal-link-system-path="node/94559">Publications</a> </li> <li class="secondary-nav__item"> <a href="/programs-projects/projects-and-centers/oregon-health-insurance-experiment/oregon-health-insurance-experiment-media" data-is-megamenu="0" data-is-column="0" data-invisible="0" data-drupal-link-system-path="node/94560">Media</a> </li> <li class="secondary-nav__item"> <a href="/programs-projects/projects-and-centers/oregon-health-insurance-experiment/oregon-health-insurance-experiment-funding" data-is-megamenu="0" data-is-column="0" data-invisible="0" data-drupal-link-system-path="node/94565"> Funding</a> </li> <li class="secondary-nav__item"> <a href="/programs-projects/projects-and-centers/oregon-health-insurance-experiment/oregon-health-insurance-experiment-authors" data-is-megamenu="0" data-is-column="0" data-invisible="0" data-drupal-link-system-path="node/94566">Authors</a> </li> <li class="secondary-nav__item"> <a href="/programs-projects/projects-and-centers/oregon-health-insurance-experiment/oregon-health-insurance-experiment-contact" data-is-megamenu="0" data-is-column="0" data-invisible="0" data-drupal-link-system-path="node/120408">Contact</a> </li> </ul> </li> </ul> </nav> </div> </div> <div class="page-header__intro "> <div class="page-header__intro-inner"> <h2><a id="health-care"></a></h2> <h3><a id="healthcare_link" name="healthcare_link"></a>Health Care Utilization</h3> <p>Using both administrative data and surveys, we found that in the first one to two years of coverage, Medicaid increased utilization of many different kinds of care, including outpatient care, prescription drugs, hospitalizations, and emergency department visits.</p> <h4>Emergency Department Visits</h4> <ul> <li>Using emergency department records from Portland-area hospitals, we found that Medicaid coverage substantially increased emergency department use.</li> <br> <li>Medicaid increased the probability of using the emergency department by 7 percentage points (an increase of about 20 percent, relative to a base of 34.5 percent). It increased the number of ED visits over about a year and a half by about 40 percent (0.41 visits, relative to a base of 1.02)</li> </ul> <center> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="26e5aaf8-901c-4f71-b60f-ead6bfd5d57b" data-langcode="en" class="align-center embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/ed-use325x237.png" width="325" height="236" alt="ed-use325x237 figure" typeof="foaf:Image"> </div> </center> <figcaption> <p class="text-align-center"><a href="/node/94559/#pub_science_link">Source:&nbsp;Science, 2014</a>&nbsp;</p> <p>Medicaid increased visits occurring during both standard hours (weekdays) and outside of standard hours (weekends and evenings) by over 40 percent. It increased ED visits classified as "non-emergent," "primary care treatable," and "emergent, preventable." We found no statistically significant change in the use of visits classified as "emergent, non preventable." It increased outpatient emergency department visits (visits that did not result in a hospital admission), but we found no statistically significant increase in ED visits that did result in a hospital admission.</p> <p>&nbsp;</p> </figcaption> <center> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="6114393e-ce2b-4379-bd33-07d7920248bf" data-langcode="en" class="align-left embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/ed-use-time325x237_0.png" width="325" height="236" alt="ed-use-time325x237 figure" typeof="foaf:Image"> </div> <center> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="c0abab18-d265-4e77-89c3-6de399cf1788" data-langcode="en" class="align-right embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/ed-use-type325x237_0.png" width="325" height="236" alt="ed-use-type325x237 figure" typeof="foaf:Image"> </div> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> </center> </center> <figcaption> <p class="text-align-center">&nbsp;</p> <p class="text-align-center"><a href="/node/94559/#pub_science_link">Source:&nbsp;Science, 2014</a>&nbsp;</p> </figcaption> <p>&nbsp;</p> <ul> <li><a id="patterns-new-finding" style="text-decoration:none"></a>Examining how patterns of ED use evolved over the first 2 years of coverage, we found that the increase driven by Medicaid persisted across the period. We also found no evidence that Medicaid caused new enrollees to substitute office visits for ED visits; if anything, Medicaid made them more likely to use both.</li> </ul> <center> <p class="text-align-center"><em>Estimated Effect of Medicaid Coverage on ED Use over Time.</em></p> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="9bebd38e-c340-473d-872b-5e57f2e4be28" data-langcode="en" class="align-center embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/ed-use-2years-numvisits325x237.png" width="325" height="236" alt="ed-use-2years-numvisits325x237 figure" typeof="foaf:Image"> </div> </center> <figcaption> <p class="text-align-center"><a href="/node/94559/#pub_nejm16_link">Source:&nbsp;New England Journal of Medicine, 2016</a>&nbsp;</p> </figcaption> <p>&nbsp;</p> <h3>Outpatient Care</h3> <ul> <li>Respondents reported that coverage increased the number of office visits in the prior year by 2.7 visits, or about 50% relative to the control group average of 5.5 office visits per year. Coverage also increased the total number of prescription drugs used by recipients by .35, relative to a control group average of 2.3.&nbsp;&nbsp;(<a href="/node/94559/#pub-nejm_link">New England Journal of Medicine, 2013</a>.)</li> <br> <li>Respondents reported substantial increases in several types of preventive care, including an increase in cholesterol monitoring of 50 percent and a doubling of mammograms.</li> </ul> <center> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="d2ee95a7-cb84-46d4-9ac3-0b2d5cff7f26" data-langcode="en" class="align-center embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/prevent-care325x237.png" width="325" height="237" alt="prevent-care figure" typeof="foaf:Image"> </div> </center> <figcaption> <p class="text-align-center"><a href="/node/94559/#pub-nejm_link">Source:&nbsp;New England Journal of Medicine, 2013</a></p> <p class="text-align-center">&nbsp;</p> </figcaption> <h3>Diagnosis and Medication</h3> <ul> <li>Respondents reported that Medicaid increased the probability of being diagnosed with diabetes after the lottery (by 3.8 percentage points, relative to a base rate of 1.1) and use of diabetes medication (by 5.4 percentage points, relative to a base rate of 6.4); increased the rate of diagnosis of depression (by 3.8 percentage points, relative to a base of 4.8); but had no statistically significant effect on diagnosis of or medication for hypercholesterolemia or hypertension.</li> </ul> <center> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="2fad1e72-58c5-42a1-803b-16a4fd6d5b98" data-langcode="en" class="align-center embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/dx-rx325x237.png" width="325" height="237" alt="dx-rx325x237 figure" typeof="foaf:Image"> </div> </center> <figcaption> <p class="text-align-center"><a href="/node/94559/#pub-nejm_link">Source:&nbsp;New England Journal of Medicine, 2013</a></p> <p class="text-align-center">&nbsp;</p> </figcaption> <h3>Hospitalizations</h3> <ul> <li>Using state-wide hospital discharge records, we found that Medicaid increased the likelihood of being admitted to the hospital by 30 percent, driven by hospital admissions not originating in the emergency department.</li> </ul> <center> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="62de2a4f-0ef9-4baa-9126-746d3f9e3a37" data-langcode="en" class="align-center embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/hospital-admit325x237.png" width="325" height="237" alt="hospital-admit325x237 figure" typeof="foaf:Image"> </div> </center> <figcaption> <p class="text-align-center"><a href="/node/94559/#pub_qje2012_link">Source:&nbsp;Quarterly Journal of Economics, 2012</a>&nbsp;</p> <p class="text-align-center">&nbsp;</p> </figcaption> <h2><a id="financial_link" name="financial_link"></a>Financial Hardship</h2> <p>Using commercial credit reports and surveys, we found that Medicaid reduced the financial hardship of medical care for recipients.</p> <ul> <li>Respondents reported that Medicaid virtually eliminated out-of-pocket catastrophic medical expenditures and reduced the probability of having to borrow money or skip paying other bills because of medical expenses by more than 50%.</li> <br> <li>Credit reports showed that Medicaid decreased the probability of having an unpaid medical bill sent to a collection agency by 25 percent.</li> </ul> <center> <figure role="group" class="align-left"> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="9c1f737b-2073-42d5-b54a-582816da1f13" data-langcode="en" class="embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/collections325x237.png" width="325" height="237" alt="collections325x237 figure" typeof="foaf:Image"> </div> <figcaption><a href="/node/94559/#pub_qje2012_link">Source:&nbsp;Quarterly Journal of Economics, 2012</a>&nbsp;</figcaption> </figure> </center> <center> <figure role="group" class="align-right"> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="83a1ed4b-33a5-405c-86b3-5eff20b764c8" data-langcode="en" class="embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/hardship325x237.png" width="325" height="237" alt="hardship325x237 figure" typeof="foaf:Image"> </div> <figcaption><a href="/node/94559/#pub_nejom2013_link">Source:&nbsp;New England Journal of Medicine, 2013</a></figcaption> </figure> </center> <figcaption> <h2><a id="health_link" name="health_link"></a></h2> <h2>&nbsp;</h2> <h2>&nbsp;</h2> <h2>&nbsp;</h2> <h2>&nbsp;</h2> <h2>&nbsp;</h2> <h2>Health</h2> <p>In the first one to two years of coverage, Medicaid improved self-reported health and reduced depression, but had no statistically significant effect on several measures of physical health.</p> <ul> <li>Medicaid increased the probability that people reported themselves in good to excellent health (compared with fair or poor health) by 25 percent <a href="https://academic.oup.com/qje/article-abstract/127/3/1057/1923446?redirectedFrom=fulltext">(source: Quarterly Journal of Economics, 2012</a>).</li> <br> <li>We did not detect significant changes in measures of physical health including blood pressure (systolic or diastolic), cholesterol (HDL or total), glycated hemoglobin, or a measure of 10-year cardiovascular risk that combined several of these risk factors. Nor did we detect changes in populations thought to have greater likelihood of changes, such as those with prior diagnoses of high blood pressure of the portion of our population over age 50.</li> <br> <li>We can reject, with 95% confidence, increases in systolic blood pressure larger than 1.93 mm Hg and decreases larger than 2.97 mm Hg. For diastolic blood pressure, we can reject, with 95% confidence, increases larger than 1.04 mm Hg and decreases larger than 2.65 mm Hg. The confidence intervals thus rule out some of the declines in blood pressure due to Medicaid that have been found in quasi-experimental studies (such as the 6-9mm decrease in diastolic blood pressure found in Lurie et al. (New England Journal of Medicine 1984; 1986)).</li> <br> <li>Based on clinical trial evidence on diabetes medication, we would expect the observed increase in the use of medication for diabetes to decrease the average glycated hemoglobin level in the study population by 0.05 percentage points, which is well within our 95% confidence interval for the impact of Medicaid on the level of glycated hemoglobin.</li> <br> <li>Rates of depression dropped by 9.2 percentage points, or a 30% reduction relative to the control group rate of 30 percent.</li> </ul> <p>&nbsp;</p> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="430a777c-1265-46c1-9c43-0ac1f266f017" data-langcode="en" class="align-left embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/health-bp325x237.png" width="325" height="237" alt="health-bp325x237" typeof="foaf:Image"> </div> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="6172a13b-f591-40eb-9f93-4bfeaf3098d2" data-langcode="en" class="align-right embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/health-clinical325x237.png" width="325" height="237" alt="health-clinical325x237" typeof="foaf:Image"> </div> </figcaption> <figcaption> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> </figcaption> <figcaption> <p class="text-align-center"><a href="/node/94559/#pub_nejom2013_link">Source:&nbsp;New England Journal of Medicine, 2013&nbsp;</a></p> <p class="text-align-center">&nbsp;</p> </figcaption> <h2><a id="labor_link" name="labor_link"></a>Labor Market Outcomes</h2> <p>Using state and federal administrative data, we found that Medicaid coverage had no statistically significant effect on labor market outcomes.</p> <ul> <li>Medicaid did not significantly change employment status or earnings. Our 95 percent confidence intervals allow us to reject that Medicaid causes a decline in employment of more than 4.4 percentage points, or an increase of more than 1.2 percentage points.</li> </ul> <center> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="ec7051fd-d6b8-4df7-a4c4-d9e33fa0f7e1" data-langcode="en" class="embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-02/earnings.png" width="375" height="265" alt="earnings figure" typeof="foaf:Image"> </div> </center> <figcaption> <p class="text-align-center"><a href="/node/94559/#pub-aem2014_link">Source:&nbsp;American Economic Review, 2014&nbsp;</a></p> <p class="text-align-center">&nbsp;</p> </figcaption> <h2><a id="political_participation" name="political_participation"></a>Political Participation</h2> <p>Using statewide voter registration and voting records data, we found that Medicaid increased voter turnout.</p> <ul> <li>Medicaid coverage increased voter turnout in the November 2008 Presidential election by about 7% overall, with the effects concentrated in men (18% increase) and in residents of Democratic counties (10% increase)</li> <br> <li>There is no evidence of an increase in voter turnout in subsequent elections, up to and including the November 2010 midterm election.</li> </ul> <center> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="5012ec71-1560-4daa-8a20-5c531dce89ef" data-langcode="en" class="align-center embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/voting_for_website325x237.png" width="325" height="236" alt="voting_for_website325x237" typeof="foaf:Image"> </div> </center> <figcaption> <p class="text-align-center"><a href="/node/94559/#pub-qjps_link">Source:&nbsp;Quarterly Journal of Political Science, 2019</a>&nbsp;</p> <p class="text-align-center">&nbsp;</p> </figcaption> <p><a id="spillovers"></a></p> <h2>Enrollment Spillovers</h2> <p>Using state administrative data on Medicaid enrollment, we found statistically significant but modest and transitory impacts of adult lottery selection on children’s Medicaid enrollment.</p> <ul> <li>For every 9 adults who enroll in Medicaid due to the lottery, one additional child also enrolls at the same time.</li> <br> <li>Both the direct effect on adult enrollment and the spillover effect on children’s enrollment fade over the subsequent year.</li> </ul> <center class="text-align-center"> <div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="7af0cab8-8036-46c9-a668-2c1d6fcaaf67" data-langcode="en" class="align-center embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/spillovers325x237.png" width="325" height="236" alt="spillovers325x237" typeof="foaf:Image"> </div> </center> <p class="text-align-center"><a href="/node/94559/#pub_spillover_link">Source:&nbsp;National Bureau of Economic Research, 2020</a>.</p> </div> </div> </div> </main> <nav class="back-to-top"> <span aria-label="Return to top of page" class="back-to-top__link"></span> </nav> <footer class="footer"> <div id="block-footercontact" class="footer__contact"> <div class="footer__contact-name">National Bureau of Economic Research</div> <div class="footer__contact-address"> <p><a href="/contact-nber">Contact Us</a><br>1050 Massachusetts Avenue<br>Cambridge, MA 02138<br><a href="tel:+16178683900">617-868-3900</a><br><a href="mailto:info@nber.org">info@nber.org</a><br><a href="mailto:webaccessibility@nber.org">webaccessibility@nber.org</a></p> </div> </div> <div id="block-footerlinks" class="footer__accessibility"> <nav class="footer-quick-links" aria-label="Footer Quick Links"> <ul class="footer__links"> <li class="footer__link"><a href="/">Homepage</a></li> </ul> </nav> </div> <div id="block-footerlegal" class="footer__legal"> <nav class="footer-legal" aria-label="Footer Legal Links"> <ul> <li> <a href="/about-nber/website-accessibility-policy" data-is-megamenu="0" data-is-column="0" data-invisible="0">Accessibility Policy</a> </li> <li> <a href="/nber-diversity-policy-statement" data-is-megamenu="0" data-is-column="0" data-invisible="0" data-drupal-link-system-path="node/638293">Diversity Policy</a> </li> <li> <a href="/about-nber/nber-website-privacy-policy" data-is-megamenu="0" data-is-column="0" data-invisible="0">Privacy Policy</a> </li> </ul> </nav> </div> <div class="footer__follow"> <div class="footer__follow-label">Follow</div> <ul class="footer__follow-links"> <li class="footer__follow-link"><a href="https://twitter.com/nberpubs" aria-label="Follow us on X"><svg aria-hidden="true" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="24" height="19" viewBox="0 0 24 19"><g transform="scale(0.075,0.075) translate(10,0)"><path d="m236 0h46l-101 115 118 156h-92.6l-72.5-94.8-83 94.8h-46l107-123-113-148h94.9l65.5 86.6zm-16.1 244h25.5l-165-218h-27.4z"></path></g></svg></a></li> <li class="footer__follow-link"><a href="https://www.linkedin.com/company/national-bureau-of-economic-research" aria-label="Connect with us on LinkedIn"><svg aria-hidden="true" height="23" viewBox="0 0 24 23" width="24" xlink="http://www.w3.org/1999/xlink" xmlns="http://www.w3.org/2000/svg"><g transform="translate(-1101 -3501)"><path d="M1113.97 3510.57c2.1-3.76 11.03-4.04 11.03 3.6v9.83h-5v-8.15c0-4.9-6.03-4.53-6.03 0v8.15H1109v-15.52h4.97zM1106 3524h-5v-16h5zm0-20.5a2.5 2.5 0 1 1-5 0 2.5 2.5 0 0 1 5 0z"></path></g></svg></a></li> <li class="footer__follow-link"><a href="https://www.facebook.com/pages/National-Bureau-of-Economic-Research/115165771829285" aria-label="Like us on Facebook"><svg aria-hidden="true" height="24" viewBox="0 0 12 24" width="12" xlink="http://www.w3.org/1999/xlink" xmlns="http://www.w3.org/2000/svg"><g transform="translate(-817 -3503)"><path d="M820 3511h-3v4h3v12h5v-12h3.64l.36-4h-4v-1.67c0-.95.2-1.33 1.11-1.33H829v-5h-3.8c-3.6 0-5.2 1.58-5.2 4.62z"></path></g></svg></a></li> <li class="footer__follow-link"><a href="https://www.youtube.com/nbervideos" aria-label="Follow us on Youtube"><svg aria-hidden="true" height="24" space="preserve" viewBox="0 0 96.875 96.875" width="24" x="0px" xlink="http://www.w3.org/1999/xlink" xmlns="http://www.w3.org/2000/svg" y="0px"><g><path d="M95.201,25.538c-1.186-5.152-5.4-8.953-10.473-9.52c-12.013-1.341-24.172-1.348-36.275-1.341 c-12.105-0.007-24.266,0-36.279,1.341c-5.07,0.567-9.281,4.368-10.467,9.52C0.019,32.875,0,40.884,0,48.438 C0,55.992,0,64,1.688,71.336c1.184,5.151,5.396,8.952,10.469,9.52c12.012,1.342,24.172,1.349,36.277,1.342 c12.107,0.007,24.264,0,36.275-1.342c5.07-0.567,9.285-4.368,10.471-9.52c1.689-7.337,1.695-15.345,1.695-22.898 C96.875,40.884,96.889,32.875,95.201,25.538z M35.936,63.474c0-10.716,0-21.32,0-32.037c10.267,5.357,20.466,10.678,30.798,16.068 C56.434,52.847,46.23,58.136,35.936,63.474z"></path></g></svg></a> </li> </ul> </div> <div class="footer__front-page-disclaimer"> </div> <div class="footer__copyright"> <div class="footer__copyright-content">&copy; 2024 National Bureau of Economic Research. All Rights Reserved.</div> </div> </footer> </div> <script type="application/json" data-drupal-selector="drupal-settings-json">{"path":{"baseUrl":"\/","pathPrefix":"","currentPath":"node\/94536","currentPathIsAdmin":false,"isFront":false,"currentLanguage":"en"},"pluralDelimiter":"\u0003","suppressDeprecationErrors":true,"lazy":{"lazysizes":{"lazyClass":"lazyload","loadedClass":"lazyloaded","loadingClass":"lazyloading","preloadClass":"lazypreload","errorClass":"lazyerror","autosizesClass":"lazyautosizes","srcAttr":"data-src","srcsetAttr":"data-srcset","sizesAttr":"data-sizes","minSize":40,"customMedia":[],"init":true,"expFactor":1.5,"hFac":0.8,"loadMode":2,"loadHidden":true,"ricTimeout":0,"throttleDelay":125,"plugins":[]},"placeholderSrc":"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==","preferNative":false,"minified":true,"libraryPath":"\/libraries\/lazysizes"},"sitewideAlert":{"refreshInterval":15000,"automaticRefresh":false},"user":{"uid":0,"permissionsHash":"26d1413fba1aa7f45d1477d0dbe61d283f2abf396e84b0bfb570d6a345c13f85"}}</script> <script src="/core/assets/vendor/once/once.min.js?v=1.0.1"></script> <script src="/core/misc/drupalSettingsLoader.js?v=10.2.10"></script> <script src="/core/misc/drupal.js?v=10.2.10"></script> <script src="/core/misc/drupal.init.js?v=10.2.10"></script> <script src="/modules/contrib/lazy/js/lazy.js?v=10.2.10"></script> <script src="/themes/custom/nber/assets/build/js/libraries-generated.js?snme9m"></script> <script src="/themes/custom/nber/assets/build/js/index-generated.js?snme9m"></script> <script src="/modules/contrib/sitewide_alert/js/init.js?v=10.2.10"></script> </body> </html>

Pages: 1 2 3 4 5 6 7 8 9 10