essays in public finance and industrial organization a dissertation ...

Contents
Preface iv
Acknowledgements vii
1 Bankruptcy as Implicit Health Insurance 1
1.1 Introduction ................................ 1
1.2 Bankruptcy as a Form of High-Deductible Health Insurance ..... 6
1.2.1 Institutional Background ..................... 6
1.2.2 A Model of Bankruptcy as High-Deductible Health Insurance . 8
1.3 Data Overview .............................. 11
1.3.1 Asset Exemptions ......................... 12
1.3.2 Seizable Assets .......................... 12
1.3.3 Medical Costs ........................... 14
1.3.4 Insurance Premiums ....................... 15
1.4 Empirical Strategy ............................ 16
1.4.1 Coverage Equation ........................ 16
1.4.2 Costs Equation .......................... 16
1.4.3 Cross-State Variation ....................... 17
1.4.4 Historical Homestead Exemptions ................ 19
1.5 The Effect on Insurance Coverage .................... 21
1.5.1 First Stage Estimates ....................... 21
1.5.2 Baseline Coverage Estimates ................... 22
1.5.3 Sensitivity Analysis ........................ 23
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