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Retirement Reversals and Health Insurance: the Potential Impact of the Affordable Care Act

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  • Joshua Congdon-Hohman

    () (Department of Economics and Accounting, College of the Holy Cross)

Abstract

This paper uses the longitudinal aspect of the Health and Retirement Study to explore the characteristics associated with reversals in retirement (referred to here as "unretirement"). Through the use of survival time analysis, this paper shows that health insurance status and its source are signi cant predictors of unretirement decisions. The relationship is important as the potential impacts of the Affordable Care Act are considered. By comparing the role of health insurance provision to the impact of financial "shocks", the analysis finds that insurance is equally important as other financial explanations for retirement reversals. The analysis also shows that health insurance source plays a particularly important role for those who were previously open to the idea of working in retirement while they were still working.

Suggested Citation

  • Joshua Congdon-Hohman, 2015. "Retirement Reversals and Health Insurance: the Potential Impact of the Affordable Care Act," Working Papers 1501, College of the Holy Cross, Department of Economics.
  • Handle: RePEc:hcx:wpaper:1501
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    File URL: http://web.holycross.edu/RePEc/hcx/HC1501-Congdon_RetirementReversals.pdf
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    References listed on IDEAS

    as
    1. Shoven, John B. & Slavov, Sita Nataraj, 2014. "The role of retiree health insurance in the early retirement of public sector employees," Journal of Health Economics, Elsevier, vol. 38(C), pages 99-108.
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    6. John Rust & Christopher Phelan, 1997. "How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets," Econometrica, Econometric Society, vol. 65(4), pages 781-832, July.
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Retirement; Unretirement; Retirement reversals; Health insurance;

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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