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The Effects of Health Insurance and Self-Insurance on Retirement Behavior Author info | Abstract | Publisher info | Download info | Related research | Statistics Eric French and John Jones
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\tThis paper presents and estimates a dynamic programming model model of retirement behavior that accounts explicitly for the effects of health cost volatility and and health insurance on retirement behavior. The model includes a savings decision so that we are able to analyze whether self-insurance is an important mechanism for understanding how greatly individuals value health insurance. We present preliminary estimates from the Health and Retirement Survey. We find that the possibility of self-insurance significantly lessens an individual's valuation of health insurance. Therefore, failure to account for self-insurance potentially leads to overestimates of the effect of health insurance and Medicare on retirement behavior.
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Paper provided by Society for Computational Economics in its series Computing in Economics and Finance 2001 with number
24.
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Date of creation: 01 Apr 2001Date of revision:
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Keywords: health insurance retirement Other versions of this item:
Paper Eric French & John Bailey Jones, 2001.
"The effects of health insurance and self-insurance on retirement behavior ,"
Working Paper Series
WP-01-19, Federal Reserve Bank of Chicago.
[Downloadable!] Eric French & John Bailey Jones, 2004.
"The Effects Of Health Insurance And Self-Insurance On Retirement Behavior ,"
Working Papers, Center for Retirement Research at Boston College
2004-12, Center for Retirement Research.
[Downloadable!] Eric French & John BaileyJones, 2007.
"The Effects of Health Insurance and Self-Insurance on Retirement Behavior ,"
Working Papers
wp170, University of Michigan, Michigan Retirement Research Center.
[Downloadable!] Find related papers by JEL classification: C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
This paper has been announced in the following NEP Reports :
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Donna B. Gilleskie & David M. Blau, 2006.
"Health insurance and retirement of married couples ,"
Journal of Applied Econometrics ,
John Wiley & Sons, Ltd., vol. 21(7), pages 935-953.
[Downloadable!]
Mariacristina De Nardi & Eric French & John Bailey Jones, 2006.
"Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles ,"
NBER Working Papers
12554, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Mariacristina De Nardi & Eric French & John Bailey Jones, 2005.
"Differential mortality, uncertain medical expenses, and the saving of elderly singles ,"
Working Paper Series
WP-05-13, Federal Reserve Bank of Chicago.
[Downloadable!] Mariacristina De Nardi & Eric French & John Bailey Jones, 2006.
"Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles ,"
2006 Meeting Papers
46, Society for Economic Dynamics.
Jody Schimmel, 2006.
"Men With Health Insurance and the Women Who Love Them: the Effect of a Husband's Retirement on His Wife's Health Insurance Coverage ,"
Working Papers
wp131, University of Michigan, Michigan Retirement Research Center.
[Downloadable!]
Eric French & John Bailey Jones, 2004.
"On the distribution and dynamics of health care costs ,"
Journal of Applied Econometrics ,
John Wiley & Sons, Ltd., vol. 19(6), pages 705-721.
[Downloadable!]
Wilbert van der Klaauw & Kenneth I. Wolpin, 2005.
"Social Security and the Retirement and Savings Behavior of Low Income Households ,"
PIER Working Paper Archive
05-020, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
[Downloadable!]
John Bound & Todd Stinebrickner & Timothy Waidmann, 2007.
"Health, Economic Resources and the Work Decisions of Older Men ,"
NBER Working Papers
13657, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
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