Jacob Wallace
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Jacob Wallace

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I’m a health economist and Associate Professor at the Yale School of Public Health, where I study the economics of public insurance.

My research grows out of close partnerships with state agencies and the questions they face about how to make the safety net more effective. I currently have projects focused on Medicaid managed care and public procurement, administrative burdens in the safety net, the economics of long-term services and supports, and using randomization to improve the Medicaid and SNAP programs.

My work has appeared in leading economics and clinical journals including the American Economic Review and the New England Journal of Medicine, and received the Willard G. Manning Award for the Best Research in Health Econometrics and the American Statistical Association’s Outstanding Statistical Application Award. It has also been covered by the media, including the New York Times, Washington Post, and NPR.

Before academia, I served as a Medicaid policy analyst for New York State, worked as a data scientist in Silicon Valley, and co-founded Young Invincibles, an advocacy organization for young adults. I earned my undergraduate degree at Swarthmore College and my PhD at Harvard University.

I live in New Haven with my wife, our two kids, and our dog. When I’m not working, you can usually find me on a tennis court or, more recently, learning to surf. I’m reading Barbarian Days: A Surfing Life by William Finnegan.

Recent research

Figure from The Great Equalizer: Medicare and the Geography of Consumer Financial Strain
REStat, conditionally accepted
The Great Equalizer: Medicare and the Geography of Consumer Financial Strain
Medicare at 65 cuts medical debt in collections by 30% and shrinks its geographic variation by two-thirds.
Figure from Understanding Medicaid Managed Care: The Procured Competition Model
Journal of Economic Perspectives · 2026
Understanding Medicaid Managed Care: The Procured Competition Model
Most Medicaid enrollees now get care through private insurers; we call this hybrid model ‘procured competition’ and discuss its decidedly mixed results.
Figure from Private Provision of Public Services: Evidence from Random Assignment in Medicaid
American Economic Review · 2026
Private Provision of Public Services: Evidence from Random Assignment in Medicaid
Private Medicaid plans cut costs 5.6%, mostly by steering enrollees to cheaper drugs without lowering observed quality; on the medical side, savings were small and quality and satisfaction fell.

All research →

© 2026 Jacob Wallace

 
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