The Impact of Income-Related Medicare Part B Premiums on Labor Supply

被引:0
|
作者
Ayyagari, Padmaja [1 ]
Sloan, Frank A. [2 ]
机构
[1] Univ S Florida, Dept Econ, Tampa, FL 33620 USA
[2] Duke Univ, Hlth Policy & Management, Dept Econ, Durham, NC 27706 USA
关键词
Medicare Part B; insurance premiums; retirement; instrumental variable; means testing; RETIREE HEALTH-INSURANCE; SOCIAL-SECURITY; BEHAVIOR; WELFARE; PARTICIPATION; ELIGIBILITY; REFORM; PLANS;
D O I
10.1177/0019793919891973
中图分类号
F24 [劳动经济];
学科分类号
020106 ; 020207 ; 1202 ; 120202 ;
摘要
The 2003 Medicare Modernization Act introduced income-related premiums on Medicare coverage for professional services (Part B) for the first time. Beginning in 2007, higher-income households were required to pay higher premiums for Part B coverage, which raises the price of Medicare relative to employer-sponsored health insurance for these households. The authors exploit this exogenous change in Medicare policy to examine the impact of Part B premiums on the labor supply decisions of older adults. They find that higher Medicare premiums delay retirement. Findings have important implications for Medicare policy and labor markets.
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页码:419 / 442
页数:24