Retirement Lock and Prescription Drug Insurance: Evidence from Medicare Part D

• 成果类型: Article
• 署名作者: Wettstein, Gal
• 署名单位: Boston College
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20160560
• 发表日期: 2020
• 页码: 389-417
• 关键词: provided health-insurance; social-security; older men; BEHAVIOR; EMPLOYMENT; coverage; IMPACT; adults; women

摘要

I examine whether lack of an individual market for prescription drug insurance causes individuals to delay retirement. Exploiting the 2006 introduction of Medicare Part D, which subsidized drug insurance for Americans over age 65, I use a triple-differences design that compares labor outcomes of individuals with retiree health insurance up to age 65 to those with insurance for life, before and after age 65, before and after 2006.I find that those with benefits only to age 65 decreased full-time work by 8.4 percentage points, of which 70 percent was due to transitions to part-time work.