|Title||The Impact of Medical Marijuana Laws on the Labor Supply and Health of Older Adults: Evidence from the Health and Retirement Study|
|Year of Publication||2016|
|Authors||Nicholas, LHersch, Maclean, JC|
|Series Title||NBER Working Paper Series|
|Document Number||No. 22688|
|Institution||National Bureau of Economic Research|
|Keywords||Cannabis, Health Conditions and Status, Labor Supply, Legislature, Older Adults, Risk Factors|
We study the effect of state medical marijuana laws (MMLs) on labor supply and health outcomes among older adults; the demographic group with the highest rates of many chronic conditions for which marijuana may be an effective treatment. Using 1992 - 2012 Health and Retirement Study data to estimate differences-in-differences models, we find that MML implementation leads to increases in labor supply among older adults along with improvement in health for older men and mixed health effects for women. These effects should be considered as policymakers determine how best to regulate access to medical marijuana.