Human Capital Working Papers
Below is a selection of the Atlanta Fed's working paper series that focus on the topic of human capital. You can also view the complete collection of papers produced by the economists in our Research Department.
Chris Cunningham, Kristopher Gerardi, and Yannan Shen
Working Paper 2017-4 (March)
Examining the effects of hydraulic fracturing, or "fracking," on mortgage default, the authors consider homes along the Marcellus Formation in Pennsylvania. Using the underlying geology to predict drilling activity, and looking only at mortgages originated before the fracking boom, they find that fracking appears to lower the likelihood of default, most likely by increasing employment.
R. Anton Braun, Karen A. Kopecky, and Tatyana Koreshkova
Working Paper 2017-3 (March)
Half of elderly individuals will experience a nursing home stay, and the risk of out-of-pocket expenses that exceed $200,000 is significant. Yet only 10 percent of them have private long-term care insurance, and many applications are rejected. We attribute these observations to adverse selection, insurers' overhead costs, and Medicaid.