Is There "Too Much" Inequality in Health Spending Across Income Groups?
---- Acknowledgements ----
We would like to thank George-Levi Gayle, Martin Gaynor, Fatih Guvenen, Berthold Herrendorf, Chad Jones, Ellen McGrattan, Serdar Ozkan, Juan Pablo Nicolini, Chris Phelan, Jim Poterba, Jose-Victor Rios- Rull, Seth Richards-Shubik, Todd Schoellman, Sam Schulhofer-Wohl, Erick Sager, Fallaw Sowell, Gustavo Ventura, Motohiro Yogo and seminar participants at the SED meetings in Montreal, Midwest Macro Meetings and the Federal Reserve Bank of Minneapolis for comments and many useful conversations. We thank Erick Sager for his excellent research assistance. Financial support from NSF grant SES-0962432 is gratefully acknowledged. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.