Competition or Conflict of Interest—Stark Choices

February 22, 2021
Center for the Business of Health

The coronavirus disease 2019 pandemic has brought into focus the limits on flexibility and innovation associated with market consolidation in care delivery. While anecdotes about the ossification in care delivery predominate, broader economic indicators point to the negative outcomes of consolidation. More

Proceed with Caution in Reopening Public Schools

February 12, 2021
Urban Investment Strategies Center

Despite advocacy from governmental officials and parents alike, we urge caution in the reopening of public schools before the coronavirus pandemic is fully under control. We are especially concerned about the premature re-opening of schools in impoverished and flood-prone urban and rural environments. More

Prioritize High-Risk Demographics in Vaccine Rollout

January 29, 2021
Urban Investment Strategies Center

People of color are overrepresented relative to their shares of the total population in coronavirus infections, hospitalizations, and deaths. The same is true for people living in over-crowded multigenerational households. Because people of color are more likely to live in multigenerational households than are Whites, the pandemic is having a double whammy effect in communities of color throughout the U.S. More

Solutions for Medicare’s Continual Fiscal Crisis

January 28, 2021

There are bipartisan Medicare payment proposals that would reduce Medicare payments included in previous Obama and Trump budgets that could go a long way to filling the budget shortfall. While previous policy proposals either proposed new revenue sources or payment reductions, recent policies are pragmatic in nature and attempt to modify either beneficiary or provider behavior. More

Coronavirus Vaccine Distribution: A Race Blind Approach to a Racially Disparate Problem

January 22, 2021
Urban Investment Strategies Center

Considerable scholarly analysis and media attention has documented the racially disparate impact of coronavirus infections, hospitalizations, and deaths. Constituting 13 percent of the general population, Blacks reportedly account for 25 percent of those that have tested positive and 39 percent of the COVID-related deaths in the United States. More

Focusing Provider Attention: An Empirical Examination of Incentives and Feedback in Flu Vaccinations

January 19, 2021
• Working Paper

Background: Influenza imposes heavy societal costs through healthcare expenditures, missed days of work, and numerous hospitalizations each year. Considering these costs, the healthcare and behavioral science literature offers suggestions on increasing demand for flu vaccinations. And yet, the adult flu vaccination rate fluctuated between 37% and 46% between 2010 and 2019.

Aim: Although a demand-side approach represents one viable strategy, an operations management approach would also highlight the need to consider a supply-side approach. In this paper, we investigate how to improve clinic vaccination rates by altering provider behavior.


The Work-at-Home Technology Boon and its Consequences

January 18, 2021
Working Paper

We study the impact of widespread adoption of work-at-home technology using an equilibrium model where people choose where to live, how to allocate their time between working at home and at the office, and how much space to use in production. A key parameter is the elasticity of substitution between working at home and in the office that we estimate using cross-sectional time-use data.


Estimating Undetected COVID-19 Infections

January 08, 2021

We specify and estimate a time-varying Markov model of COVID-19 cases for the US in 2020. We find that the estimated level of undetected infections spiked in March and remained elevated through May. However, since late April estimated undetected infections have generally declined though it was not until June or July that detected cases exceeded the estimated number of undetected cases. 


The Microstructure of Work: Understanding Productivity Benefits and Costs of Interruptions

December 30, 2020
Working Paper

We examine the impact of four classes of workplace interruptions on short-term (working hours) and long-term (across-shifts) worker performance in an agribusiness setting. The interruptions are organized in a two-by-two framework where they result (or do not result) in a physical task requirement and lead to a varying degree of attention shift from the primary task.


Explaining Firms’ Earnings Announcement Stock Returns Using FactSet and I/B/E/S Data Feeds

December 28, 2020
Working Paper

Since 2001, the number of financial statement line items forecasted by analysts and managers that I/B/E/S and FactSet capture in their data feeds has soared. Using this new data, we find that 13 item surprises—11 income statement and 2 cash flow statement analyst and management guidance surprises—reliably explain firms’ signed earnings announcement returns.