The Affordable Care Act as retiree health insurance: implications for retirement and Social Security claiming

TitleThe Affordable Care Act as retiree health insurance: implications for retirement and Social Security claiming
Publication TypeJournal Article
Year of Publication2019
AuthorsGustman, AL, Steinmeier, TL, Tabatabai, N
JournalJournal of Pension Economics and Finance
Volume18
Issue3
Pagination415-449
Type of ArticleJournal
ISSN Number1474-7472
KeywordsAffordable Care Act, Pensions, Policy, Retirement Planning and Satisfaction, Social Security
Abstract

This paper investigates the effects of the Affordable Care Act (ACA) on retirement. The first part of the paper is a difference-in-difference analysis of changes in retirement (and retirement expectations) before and after adoption of the ACA. We find no statistically significant evidence that ACA increased the propensity to retire or changed retirement expectations. The second part of the analysis is based on a structural retirement model. For those age 50 at the time ACA was introduced, the overall reduction in full-time work over the age span 54–65 is simulated to be about 0.1 percentage points. Data are from the Health and Retirement Study.

URLhttps://www.cambridge.org/core/journals/journal-of-pension-economics-and-finance/article/affordable-care-act-as-retiree-health-insurance-implications-for-retirement-and-social-security-claiming/24601D49E42B0714381FC2B9F4D55D10
DOI10.1017/S1474747218000033
Short TitleJournal of Pension Economics and Finance
Citation Key9558