Therapeutic area being studied as well as number and types of clinical procedures involved were the key drivers of direct costs in Phase 1 through Phase 3 studies. Research shows that strategies exist for reducing the price tag of some of these major direct cost components. Therefore, to increase clinical trial efficiency and reduce costs, gaining a better understanding of the key direct cost drivers is an important step.
Worldwide, the leading causes of death could be avoided with health behaviors that are low-cost but also difficult to adopt. We show that exogenous health shocks could facilitate the adoption of these behaviors and provide long-lasting effects on health outcomes. Specifically, we exploit the spatial and temporal variation of the 2009 H1N1 influenza pandemic in Mexico and show that areas with a higher incidence of H1N1 experienced larger reductions in diarrhea-related cases among young children. These reductions continue even three years after the shock ended. Health improvements and evidence of information seeking via Google searches were consistent with changes in hand washing behaviors. Several robustness checks validate our findings and mechanism.
In May 2013, the Texas Legislature passed House Bill 1296, requiring the Texas Education Agency to distribute information to public school students about higher education institutions and workforce needs in the state. Specifically, the bill calls for comparisons on higher education institutions in terms of tuition costs, student debt, retention and graduation rates, and employment outcomes. The bill also requires disseminating the Texas Workforce Commission (TWC) projections of future occupational demands and annual wages for the jobs in highest demand.The bill further requires the Texas Higher Education Coordinating Board (THECB), in conjunction with TWC, to prepare a report on Texas's future workforce needs that would help inform decisions to develop or expand postsecondary education programs. This portion of the bill is the motivation for the present report.Educators and policymakers in Texas and elsewhere have a wide variety of quantitative and qualitative workforce information available for planning degree and certificate programs in colleges and universities. To help guide use of such resources, The College for All Texans Foundation, which works to further the objectives of THECB, asked RAND Education, a unit of the RAND Corporation, to conduct this study. It examines the quantitative and qualitative sources of information on workforce needs. It reviews common techniques for quantitative modeling using workforce data, as well as how institutions and states may use these data to inform decisions about degree programs.It also develops some data tools and recommends ways to use workforce information in degree program planning.This study was made possible by the generosity of the Houston Endowment.
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