Suppose that in the fictional country ASU in 2012, a mandate was passed where everyone between the ages of 23-25will receive health insurance at a discounted rate, while individuals aged 27-29 were not impacted by this policy.You, a researcher, want to study the effect of offering discounted health insurance coverage on the use of mentalhealth services. You have data on the average number of visits for these two age groups over time. Using theinformation in the table below, a quick difference-in-difference calculation suggests that the mandate led toTime PeriodsAgegroupAvg.Avg.Number of Number ofvisitsvisitsPre-2012.Post-201223 to 25 2.327 to 29 2.5approximately 0.3 more visits.approximately 0.7 more visits.approximately 0.4 fewer visits.approximately 0.7 fewer visits.approximately0.3 fewervisits.020202337SUCHARY3.02.9P1302126 70 557225201208222012C

Given: People in an age group of 23-25 get the insurance at a discounted rate People in an age group…

Answered: Suppose that in the fictional country…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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