Value propositions in future pharmaceutical benefits

Within this decade, benefit managers will see radically new diagnostics and drugs that will call for changes in drug benefit planning. This article provides insight into various value propositions that must be taken into account in a drug benefit plan, along with considerations integral to those propositions; some key trends; and the new drug pipeline. Benefit managers must remain aware of the drug pipeline and benefit trends and utilize the insight of peers or other experts in strategic benefit planning.     

Career Paths,Unemployment, and the Efficiency of the Labor Market: Should Youth Employment Be Subsidized?

This paper studies the implications of learning‐by‐doing on youth unemployment and market efficiency when workers benefiting from this kind of training experience search (while on the job) for a higher skill job. Firms with low‐skill jobs suffer from a poaching behavior by firms with high‐skill jobs, causing a shortage of low‐skill jobs and excessive youth unemployment. An optimal policy, consisting of taxing the output of high‐skill jobs and subsidizing the output of low‐skill jobs, restores market efficiency and reduces youth unemployment.