Title | The Impact of Income-Related Medicare Part B Premiums on Labor Supply |
Publication Type | Journal Article |
Year of Publication | 2019 |
Authors | Ayyagari, P, Sloan, FA |
Journal | ILR Review: The Journal of Work and Policy |
Pagination | 0019793919891973 |
Keywords | Labor, Labor Dynamics, Medicare, Medicare Part B |
Abstract | 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. |
URL | https://doi.org/10.1177/0019793919891973 |
DOI | 10.1177/0019793919891973 |
Citation Key | doi:10.1177/0019793919891973 |