Libertystreeteconomics.newyorkfed.org

Understanding the Racial and Income Gap in Covid-19: Health …

Since our COVID-19 data are available at the county level, we use data on race and income composition at the county level to differentiate between low-income and other counties, and majority-minority (MM) and other counties (see earlier Liberty Street Economics … See more

Actived: 5 days ago

URL: https://libertystreeteconomics.newyorkfed.org/2021/01/understanding-the-racial-and-income-gap-in-covid-19-health-insurance-comorbidities-and-medical-facil/

Medicare and Financial Health across the United States

WebConsumer financial strain varies enormously across the United States. One pernicious source of financial strain is debt in collections—debt that is more than 120 days past due and that has been sold to a collections agency. In Massachusetts, the average person has less than $100 in collections debt, while in Texas, the average person has …

Category:  Health Go Health

Does U.S. Health Inequality Reflect Income Inequality—or …

WebHealth is an integral part of well-being. The United Nations Human Development Index uses life expectancy (together with GDP per capita and literacy) as one of three key indicators of human welfare across the world. In this post, I discuss the state of life expectancy inequality in the United States and examine some of the underlying …

Category:  Health Go Health

Health Inequality

WebHealth is a Key Component of Inequality. In terms of welfare (under standard assumptions on the welfare function), the elimination of the left tail of mortality would have a beneficial impact that is about 60 percent larger than full consumption equalization. What are the policies that might eliminate the lower tail of the life-expectancy

Category:  Health Go Health

An Update on the Health of the U.S. Consumer

WebAn Update on the Health of the U.S. Consumer. Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Jonathan McCarthy, Davide Melcangi, Joelle Scally, and Wilbert van der Klaauw. The strength of consumer spending so far this year has surprised most private forecasters. In this post, we examine the factors behind this strength and …

Category:  Health Go Health

Is Health Insurance Good for Your Financial Health

WebOur findings are consistent with prior research that has provided evidence that health insurance is good for individual finances (for example, Finkelstein et al., which examines the 2008 Medicaid expansion in Oregon). Our results also mirror those in a contemporary paper by Hu et al., which, using the same data set (described below) but a

Category:  Health Go Health

Investigating the Effect of Health Insurance in the COVID‑19 …

WebDoes health insurance improve health? This question, while apparently a tautology, has been the subject of considerable economic debate. In light of the COVID-19 pandemic, it has acquired a greater urgency as the lack of universal health insurance has been cited as a cause of the profound racial gap in coronavirus cases, and as a cause of …

Category:  Coronavirus Go Health

Do Expansions in Health Insurance Affect Student Loan Outcomes

WebThe Patient Protection and Affordable Care Act (ACA) is arguably the biggest policy intervention in health insurance in the United States since the passage of Medicaid and Medicare in 1965. The Act was signed into law in March 2010, and by 2016 approximately 20 to 24 million additional Americans were covered with health insurance. …

Category:  Health Go Health

The Disproportionate Effects of COVID‑19 on Households with …

WebOlivier Armantier, Gizem Koşar, Rachel Pomerantz, and Wilbert van der Klaauw. A growing body of evidence points to large negative economic and health impacts of the COVID-19 pandemic on low-income, Black, and Hispanic Americans (see this LSE post and reports by Pew Research and Harvard).Beyond the consequences of school …

Category:  Health Go Health

Veterans in the Labor Market: 2024 Update

WebIn April 2024, the veteran employment gap stands at 4.74 percentage points, larger than the gap (3.99) one year back, well above its minimum of 1.34 points in August 2020, and slightly larger than the 4.30 percentage point gap in February 2020 (all data are seasonally adjusted). However, the monthly employment data are volatile and we will

Category:  Health Go Health

Do Veterans Face Disparities in Higher Education, Health, and …

WebVeterans are an understudied group that forms an important part of the fabric of American society and that constitutes a significant segment of the population. In the first post of this two-part series, we will investigate how the outcomes of veteran men–in educational attainment, health, and housing–differ from those of comparable men who …

Category:  Health Go Health

Fight the Pandemic, Save the Economy: Lessons from the 1918 Flu

WebStudy which proves that non-pharmaceutical health interventions are beneficial for the economy is invalid Abstract: The study “Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu” (March 30, 2020, Sergio Correia, Stephan Luck, and Emil Verner) is incomparable to Covid-19 situation in 2020 …

Category:  Health Go Health

New York City Archives

WebAt the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.

Category:  Health Go Health

The Spillover Effects of COVID-19 on Productivity throughout the …

WebWhile the shocks from COVID-19 were concentrated in a handful of contact-intensive industries, they had rippling effects throughout the economy, which culminated in a considerable decline in U.S. GDP. In this post, we estimate how much of the fall in U.S. GDP during the pandemic was driven by spillover effects from the productivity losses of …

Category:  Health Go Health

Despite Rising Costs, College Is Still a Good Investment

WebThe college wage premium generally increased during the 1980s and 1990s, rising from less than $20,000 to around $30,000, before settling into a relatively narrow range of $30,000 to $35,000 after 2000. Notably, while the strong labor market has boosted the wages of those with a high school diploma in recent years, the wages of college

Category:  Health Go Health

Discretionary and Nondiscretionary Services Expenditures during …

WebThe coronavirus pandemic and the various measures to address it have led to unprecedented convulsions to the U.S. and global economies. In this post, I examine those extraordinary impacts through the lens of personal consumption expenditures on discretionary and nondiscretionary services, a framework I developed in a 2011 post …

Category:  Coronavirus Go Health

Just Released: Mind the Gap in Delinquency Rates

WebTotal household debt balances increased by $192 billion in the second quarter of 2019, boosted primarily by a $162 billion gain in mortgage installment balances, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center for Microeconomic Data (the mortgage installment balances exclude home …

Category:  Health Go Health

How COVID‑19 Affected First‑Time Homebuyers

WebEfforts in the spring of 2020 to contain the spread of COVID-19 resulted in a sharp contraction in U.S. economic growth and an unprecedented, rapid rise in unemployment. While the first wave of the pandemic slowed the spring housing market, home sales rebounded sharply over the rest of the year, with strong gains in house …

Category:  Health Go Health

Understanding Permanent and Temporary Income Shocks

WebThe earnings of 200 million U.S. workers change each year for various reasons. Some of these changes are anticipated while others are more unexpected. Although many of these changes may be due to pleasant surprises—such as receiving salary raises and promotions—others involve disappointments—such as falling into …

Category:  Health Go Health

Are the Job Prospects of Recent College Graduates Improving

WebJaison R. Abel and Richard Deitz. This post is the fourth in a series of four Liberty Street Economics posts examining the value of a college degree.. The promise of finding a good job upon graduation has always been an important consideration when weighing the value of a college degree.In our final post of this week’s blog series, we …

Category:  Health Go Health

Insurance Companies and the Growth of Corporate Loan …

WebBetween 2009 and 2019, insurance companies’ investments in corporate bonds went from $1.143 trillion to $1.784 trillion, amounting to a 56 percent increase, while their investments in corporate loans went from $18 billion to $42 billion, or a 132 percent increase. During the same period, their CLO investments went from $13 billion to $125

Category:  Health Go Health