Department of Economics
Chestertown, MD 21620
Information about this author at RePEc
NBER Working Papers and Publications
|January 2013||Tracing the Effects of Guaranteed Admission through the College Process: Evidence from a Policy Discontinuity in the Texas 10% Plan|
with Jason Fletcher: w18721
The Texas 10% law states that students who graduated among the top 10% of their high school class are guaranteed admission to public universities in Texas. We estimate the causal effects of this admissions guarantee on a sequence of connected decisions: students' application behavior, admission decisions by the university, students' enrollment choices conditional on admission; as well as the resulting college achievement. We identify these effects by comparing students just above and just below the top 10% rank cutoff. While this design is in the spirit of a regression discontinuity, we note important differences in approach and interpretation. We find that students react to incentives created by the admissions guarantee - for example, by reducing applications to competing private univ...
Published: Jason M. Fletcher & Adalbert Mayer, 2014. "Tracing The Effects Of Guaranteed Admission Through The College Process: Evidence From A Policy Discontinuity In The Texas 10% Plan," Contemporary Economic Policy, Western Economic Association International, vol. 32(1), pages 169-186, 01. citation courtesy of
|January 2011||A Simple Test of Private Information in the Insurance Markets with Heterogeneous Insurance Demand|
with Li Gan, Feng Huang: w16738
A positive correlation between insurance coverage and ex post risk can be an indicator for private information in insurance markets. However, this test fails if agents have heterogeneous risk attitudes. We propose a new test that conditions on unobserved types of individuals who differ in their risks preferences. This makes it possible to detect asymmetric information without direct evidence of private information - even if agents have heterogeneous risk attitudes. We apply our technique to the market for long-term care insurance. Finkelstein and McGarry (2006) provide direct evidence for the existence of private information in this market. At the same time they fail to find a positive correlation between insurance coverage and ex post risk. Our method indicates the existence of private in...
Published: Li Gan & Feng Huang & Adalbert Mayer, 2015. "A simple test for private information in insurance markets with heterogeneous insurance demand," Economics Letters, vol 136, pages 197-200.