Human Capital Working Papers
Below is a selection of the Atlanta Fed's working paper series that focus on the topic of human capital. You can also view the complete collection of papers produced by the economists in our Research Department.
Taxes and Market Hours: The Role of Gender and Skill
Robert Duval-Hernández, Lei Fang, and Rachel Ngai
Working Paper 2017-8 (September)
Cross-country differences in market hours are mainly due to the hours of women, especially low-skilled women. Taxes and family-care subsidies can account for a substantial fraction of the cross-country differences in market hours by gender and skill.
Family Welfare and the Cost of Unemployment
Julie L. Hotchkiss, Robert E. Moore, and Fernando Rios-Avila
Working Paper 2017-7 (September; revised July 2019)
For families overall, the authors find that an unemployment rate increase of 1 percentage point and a 1.8 percent rise in the price level diminish family welfare about as much as a loss of $1,000 in nonlabor income.
Losing Public Health Insurance: TennCare
Disenrollment and Personal Financial Distress
Laura M. Argys, Andrew I. Friedson, M. Melinda Pitts, and D. Sebastian Tello-Trillo
Working Paper 2017-6a (August; revised October 2019)
In 2005, about 200,000 people were disenrolled from TennCare, Tennessee's Medicaid program. Examining the effects, the authors provide the first evidence of the impact of the loss of government-sponsored health insurance on individuals' financial well-being.
An Early Experiment with "Permazero"
Stephen Quinn and William Roberds
Working Paper 2017-5 (May)
The authors examine a monetary regime of the Bank of Amsterdam in the eighteenth century that held policy interest rates near zero for more than a century. They find that the Bank's inability to stabilize large shocks brought adverse results.
Chris Cunningham, Kristopher Gerardi, and Lily Shen
Working Paper 2017-4a (March; revised October 2020)
Examining the effects of hydraulic fracturing, or "fracking," on mortgage default, the authors consider homes along the Marcellus Formation in Pennsylvania. Using the underlying geology to predict drilling activity, and looking only at mortgages originated before the fracking boom, they find that fracking appears to lower the likelihood of default, most likely by increasing employment.
Old, Frail, and Uninsured: Accounting for Puzzles in the U.S. Long-Term Care Insurance Market
R. Anton Braun, Karen A. Kopecky, and Tatyana Koreshkova
Working Paper 2017-3c (Revised August 2018)
Half of elderly individuals will experience a nursing home stay, and the risk of out-of-pocket expenses that exceed $200,000 is significant. Yet only 10 percent of them have private long-term care insurance, and many applications are rejected. We attribute these observations to adverse selection, insurers' overhead costs, and Medicaid.