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Long-term care expenditures represent one of the largest uninsured financial risks facing the elderly. Medicaid provides incomplete insurance against these costs: unlimited nursing home benefits with a deductible equal to ...

This thesis is a collection of three essays on exchange rate policies and international capital flows in emerging markets. The first chapter examines the theoretical foundations of the "fear of floating" that has been ...

This dissertation is a collection of three independent essays in theoretical and applied econometrics, organized in the form of three chapters. In the first two chapters, I investigate the properties of parametric and ...

This thesis exploits a major overhaul in the U.S. Department of Veterans Affairs health care system to answer various questions about publicly-provided health care. The VA restructuring involved the adoption of a capitated ...

This thesis is a collection of three theoretical essays on institutions and economic growth. Chapter 1 considers a particular institution: ethnicity. Ethnic, religious and tribal divisions are empirically associated with ...

This dissertation is a collection of three independent essays in empirical development economics using data from China. In the first two chapters, I examine the determinants of choices within the household. In the first ...

The first essay provides evidence that banks are liquidity constrained and hold private information about borrowers that hinders substitution of financing sources. Using loan level data from a public credit bureau and ...

This thesis is a collection of three empirical essays on the economics of local public goods. Chapter One examines the marginal propensity of local governments to spend out of lump- sum grant income. Economic theory predicts ...

This thesis is a collection of three empirical essays on the effect of profit incentives on innovation and technology adoption. Chapter 1, written with Daron Acemoglu, investigates the effect of (potential) market size on ...

In these papers I examine efficient financial contracting when incentive problems play a significant role. In the first chapter (joint with Z. Fluck and S. Myers) we focus on the venture capital industry. We build a two-stage ...