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Landowners Riches:Â The Distribution of Agricultural Subsidies
The U.S. has a long history of providing generous support for the agricultural sector. The 2002 Farm Bill provides in excess of $190 billion in financial support to U.S. agriculture, an increase of $72 billion over previous programs. This paper is concerned with the distribution of these benefits and their...
Prohibitions on Health Insurance Underwriting: A Means of Making Health Insurance Available or a Cause of Market Failure?
Underwriting restrictions are passed to discourage insurers from discriminating in a way that is contrary to social policy. In addition to prohibiting socially unacceptable discrimination, underwriting restrictions also have the potential of changing the consumption of insurance. This paper examines underwriting regulations that prohibit insurers from using disability status, gender...
A Review of Empirical Evidence on the Costs and Benefits of Rent Control
This paper presents some preliminary information on the nature of rent control regimes in selected countries. The paper provides some background information and unresolved issues about the nature of housing markets. Next, it surveys some empirical research on controls, especially papers that address specific features of regimes. It is divided...
Diversifying into Real Estate: It's a Good Thing
Article suggests that the significant diversification benefits are possible through the addition of real estate to a portfolio of stocks and bonds. There is also evidence that these benefits vary significantly over time and of the various assets examined, only real estate offers diversification benefits at the very time when...
Pensions and Wealth: New Evidence From the Health and Retirement Study
This paper takes a new look at the relationship between pensions and household wealth accumulation. To anchor intuition about the effects that pensions have on non-pension net worth, it works with a simple three-period life-cycle model. The framework highlights some of the concerns we have with existing cross-sectional studies, and...
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