Department of Finance



Expertise:

none

Julian Reif’s primary area of interest is health care economics, with a current research focus on the value of health and the effectiveness of social insurance programs. One of his recent papers argues that the societal value of medical technology is significantly larger than has previously been recognized, especially with respect to medical treatments for severe diseases. The paper also shows that medical treatments act as a form of insurance. Consequently, medical innovation policy can have a large impact on reducing health risks. Another recent paper finds that Medicare Part D, a prescription drug program for the elderly established by the Medicare Modernization Act of 2003, successfully reduced mortality following its implementation. He also studies energy and environmental policy, such as the gasoline tax, air pollution, and carbon emissions. His recent work in that area includes estimating the effect of air pollution on mortality, medical utilization, and healthcare costs. He finds that the reduction in air pollution over the past twenty years reduced elderly mortality, generating significant social benefits.



Expertise:

none

Don Fullerton researches energy and environmental policy issues, including household garbage and recycling behavior, air and water quality regulation, and climate change policy.  He studies the economic effects of these regulations including their cost effectiveness, the distribution of their burdens, and the interactions between environmental policy and other tax policy. He also has done extensive research on taxation issues including the economic incidence and investment incentive effects of the corporate income tax and other federal and state taxes.