Public insurance and private savings: who is affected and by how much?
公共保险与私人储蓄：谁受影响，影响多大？
Abstract This paper employs a recently developed instrumental quantile regression method to investigate the effect of Medicaid on household savings across different wealth groups. It finds that the disincentive effect of Medicaid on household savings is heavily concentrated in the middle net‐worth households. In contrast, the effects on the bottom and top net‐worth households are quite small and insignificant. These heterogeneous incentive effects are partly explained by…