Michael Geruso
Asst. Prof. of Economics, University of Texas at Austin
and NBER Faculty Research Fellow

Contact Information
Department of Economics
UT Austin
BRB 1.116, C3100
Austin, Texas 78712
Office: (512) 475-8704

Mike Geruso

Research CV Teaching Record

UT Austin

Professor Geruso is a nationally recognized authority on US health insurance markets. His past work has addressed issues of adverse selection, risk adjustment and plan benefit design, upcoding, and imperfect competition. He has provided policy and litigation advice on a variety of topics related to payment systems in Medicaid, Medicare, and the individual insurance Marketplaces. Prof. Geruso's developing country research focuses on the environmental determinants of infant health and survival, including poor local sanitation and extreme weather. His work has been published in peer-reviewed outlets including the American Economic Review, American Economic Journal: Economic Policy, and the Journal of Health Economics and has been featured in the New York Times, the Wall Street Journal, NPR, and the Economist magazine. His research has been funded by the Gates Foundation, the National Institutes of Health, and the Robert Wood Johnson Foundation. He is a faculty research fellow at the National Bureau of Economic Research and holds bachelor's degrees from Virginia Tech and a PhD in Economics from Princeton. He completed postdoctoral work at Harvard prior to joining the faculty at the University of Texas at Austin in 2014. His CV is here.

Working Papers

"The Two Margin Problem in Insurance Markets" with Timothy J. Layton, Grace McCormack, and Mark Shepard

"Heat, Humidity, and Infant Mortality in the Developing World" with Dean Spears

"The Impact of Education on Family Formation: Quasi-Experimental Evidence from the UK" with Heather Royer


"Upcoding: Evidence from Medicare on Squishy Risk Adjustment" with Timothy Layton. Forthcoming, Journal of Political Economy.
    In the News: Bloomberg, NPR

"Screening in Contract Design: Evidence from the ACA Health Insurance Exchanges" with Timothy Layton and Daniel Prinz. Forthcoming, American Economic Journal: Economic Policy.

"Do Larger Health Insurance Subsidies Benefit Patients or Producers? Evidence from Medicare Advantage" with Marika Cabral and Neale Mahoney. American Economic Review, 108.8 (2018): 2047-2048.

"Sanitation, Disease Externalities, and Anemia: Evidence From Nepal" with Diane Coffey and Dean Spears. The Economic Journal, 128 (2018): 1395-1432.

"Neighborhood Sanitation and Infant Mortality" with Dean Spears. American Economic Journal: Applied Economics, 10 (2018): 125-62.
    In the News: New York Times, The Economist, Five Thirty Eight

"Selection in Health Insurance Markets and Its Policy Remedies" with Timothy Layton. Journal of Economic Perspectives, 31.4 (2017): 23-50.

"Demand Heterogeneity in Insurance Markets: Implications for Equity and Efficiency" Quantitative Economics, 8.3 (2017): 929-975.

"Tradeoffs in the Design of Health Plan Payment Systems: Fit, Power and Balance" with Thomas McGuire. Journal of Health Economics 47 (2016): 1-19.

"Insurance Fraud in the Workplace? Evidence from a Dependent Verification Program" with Harvey Rosen. Journal of Risk and Insurance 82.4 (2015): 921-946.

"Racial Disparities in Life Expectancy: How Much Can the Standard SES Variables Explain?" Demography, Springer, vol. 49.2 (2012), pages 553-574.

Other Writing

"Will Personalized Medicine Mean Higher Costs for Consumers?" with Anupam B. Jena and Timothy Layton. Harvard Business Review, March 1, 2018.

"The Many Definitions of Social Security Privatization," The Economists' Voice: Vol. 3: No. 4, 2006. Reprinted in The Economists' Voice: Top Economists Take On Today's Problems. Eds. Joseph Stiglitz, Aaron Edlin, and J. Bradford DeLong. Columbia University Press, 2007, with Don Fullerton.