Public Liabilities and Health Care Policy
---- Acknowledgements -----
Previously circulated as "Health Care Reforms and the Value of Future Public Liabilities." We are thankful to Gary Becker and Casey Mulligan for comments and to Ralph Koijen for many discussions. We are also grateful to seminar participants at Peking University, University of Chicago, University of Southern California, and Yale University. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.