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"In addition, the U.S. population is aging, which raises the share of benefits going to seniors and people with disabilities".
Since (from the first stage) the U.S. boom also raises the share of foreign-educated VCs in that industry, the IV estimate will be biased in the direction of finding that foreign-educated venture capitalists are more productive than locally-educated.
This may well be explained by the fact that critical patients usually require treatment from specialists outside the ED and the use of more sophisticated diagnostic techniques raises the share of non-laboratory costs.
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Such concerns have also raised the share prices of many of these speciality miners.
About the same time, other things were happening that might have raised the share price had they been public.
By giving company bosses an incentive to raise the share price, options encourage them to put shareholders first.
A takeover would allow WMX to consolidate its operations, and it might raise the share price quickly.
In May 2000, Ullico's board raised the share price to $146 ,though Global Crossing shares had fallen nearly 50percentt.
Investors were more interested in possible capital gains, and executives preferred share repurchases, which could raise the share price and make their stock options more valuable.
In the run-up to the offering, investor interest was robust, prompting the company to increase the size of the offering and raise the share price to $38.
The majority — about 80 percent — of employers said they planned to continue to raise the share of premiums paid by employees over the next three years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com