Employer Provided Health Insurance and Retirement Behavior
This paper analyzes the effects on retirement of employer provided health benefits to workers and retirees. Retiree health benefits delay retirement until age of eligibility, and then accelerate it. With a base case of no retiree health coverage, granting retiree health coverage to all those with employer coverage while working accelerates retirement age by less than one month. Valuing benefits at costs of private health insurance to unaffiliated individuals, rather than at group rates, increases the effect. Ignoring retiree health benefits in retirement models creates only a small bias. Changing health insurance policies has a small effect on retirement.
|Date of creation:||Mar 1993|
|Date of revision:|
|Publication status:||published as Alan L. Gustman & Thomas L. Steinmeier, 1994. "Employer-provided health insurance and retirement behavior," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 48(1), pages 124-140, October.|
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NBER Working Papers
1237, National Bureau of Economic Research, Inc.
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"Three Models of Retirement: Computational Complexity versus Predictive Validity,"
in: Topics in the Economics of Aging, pages 21-60
National Bureau of Economic Research, Inc.
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The Review of Economics and Statistics,
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