Retiree health insurance for public school employees: Does it affect retirement?

Fitzpatrick, Maria D.

doi:10.1016/j.jhealeco.2014.03.009

Cited by 28 publications

(21 citation statements)

References 29 publications

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“…84 .86 .88 .9 .92 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Full_time_if_worker . 1 .12 .14 .16 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Retired Source: CPS Basic monthly Individuals ages 50-64, Education_HS_or_less, not regression adjusted Trends in labor market outcomes by state Medicaid status Non-Expansion Expansion .66 .68 .7 .72 .74 200820092010201120122013201420152017 In_the_labor_force .1…”

Section: Discussionmentioning

confidence: 99%

“…A large literature analyzes the effect of health insurance on the retirement decision (Blau & Gilleskie, 2001, 2006, 2008Fitzpatrick, 2014;French & Jones, 2011;Gruber & Madrian, 1995Gustman & Steinmeier, 1994;Johnson, Davidoff, & Perese, 2003;Karoly & Rogowski, 1994;Leiserson, 2013;Lumsdaine, Stock, & Wise, 1996;Madrian & Beaulieu, 1998;Madrian, Burtless, & Gruber, 1994;Nyce, Schieber, Shoven, Slavov, & Wise, 2013;Robinson & Clark, 2010;Rogowski & Karoly, 2000;Rust & Phelan, 1997;Scholz & Seshadri, 2013;Shoven & Slavov, 2014;Strumpf, 2010). Nearly all of these papers find that the availability of insurance that is not contingent upon one's own continued work -from Medicare, as a dependent on a spouse's policy, from coverage intended for early retirees, or from COBRA -significantly increases the probability of retirement.…”

Section: Background On Health Insurance and Retirementmentioning

confidence: 99%

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Is the Affordable Care Act Affecting Retirement Yet?

2018

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We analyze whether the Affordable Care Act (ACA) has affected labor supply of older Americans using data that span more than four years after the policy's implementation in 2014. We find no changes in labor supply of older Americans either in response to subsidized marketplace coverage, which became available nationally in 2014, or in response to the expansion of Medicaid eligibility in some states but not others. We analyze multiple dimensions of labor supply -labor force participation; employment; full-time work conditional on employment -as well as several measures of retirement including self-reported retirement and the receipt of retirement income. We fail to find labor supply effects even for subgroups with less than a high school education or those with fair or poor health, who might have been expected to have a greater labor supply response. The lack of a labor supply response stands in contrast to the large gains in coverage observed in 2014. These results suggest that for Americans approaching retirement the Affordable Care Act achieved its primary goal of increasing coverage without the unintended consequence of reducing labor supply.

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Section: Discussionmentioning

confidence: 99%

Section: Background On Health Insurance and Retirementmentioning

confidence: 99%

Is the Affordable Care Act Affecting Retirement Yet?

2018

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“…A study by Boyle and Lahey (2010) found that individuals with access to veteran health insurance decreased work on both the extensive and intensive margins. Fitzpatrick (2013) found that the provision of retiree health insurance to Illinois public schoolteachers induces earlier retirement. Finally, Lin (2014) found that HIPAA regulations in the non-group health insurance market increase the retirement propensity by 1.2 to 1.5 percentage points.…”

Section: Literature Reviewmentioning

confidence: 99%

Does Health Reform Lead to an Increase in Early Retirement? Evidence from Massachusetts

Heim

Lin

2016

ILR Review

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This article estimates the impact of the 2006 Massachusetts health reform on the decision of individuals to retire early. Using data from the American Community Survey that spans 2004 through 2012, the authors estimate difference-in-differences models for retirement using individuals from other northeastern states as the control group. The estimates suggest that the reform led women to increase early retirement from full-time work by 1.1 percentage points (from a base of 4.8%) and to increase part-time work by 1.1 percentage points (from a base of 30%). Though no significant effects were found for men overall, the estimates imply that the reform led to an increase in retirement and part-time work among lower-income men.

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“…shown the effects of employer-provided RHI to increase the odds of early retirement by 20% to 30% (Shoven & Slavov, 2014;Nyce et al, 2013;Fitzpatrick, 2014) although they would be at the low end of the range of prior estimates.…”

Section: Discussionmentioning

confidence: 83%

Health insurance reform and retirement: Evidence from the Affordable Care Act

Wood

2019

Health Economics

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The Affordable Care Act (ACA) has provided millions of Americans with medical insurance but may have led to an increase in retirement among older individuals who are utilizing the newly available coverage options as a substitute for employer‐provided insurance. Using data from the American Community Survey from 2009–2016, this hypothesis is tested by estimating the effect of the premium subsidies and Medicaid expansions of the ACA on retirement transitions for the non‐Medicare eligible cohort of older Americans aged 55–64. Research results indicate a 2% and 8% decrease in labor force participation resulting from the premium subsidies and Medicaid expansions, respectively. Slightly larger estimates are found among a subgroup of adult couples. The study also finds suggestive evidence of crowd‐out of employer‐sponsored insurance by subsidized marketplace plans but finds no such effects from the Medicaid expansions.

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Retiree health insurance for public school employees: Does it affect retirement?

Cited by 28 publications

References 29 publications

Is the Affordable Care Act Affecting Retirement Yet?

Is the Affordable Care Act Affecting Retirement Yet?

Does Health Reform Lead to an Increase in Early Retirement? Evidence from Massachusetts

Health insurance reform and retirement: Evidence from the Affordable Care Act

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