Abstract

https://ssrn.com/abstract=2911074
 


 



The Effect of the Affordable Care Act on the Labor Supply, Savings, and Social Security of Older Americans


Eric French


Federal Reserve Bank of Chicago; Department of Economics

Hans-Martin von Gaudecker


University of Bonn - Economic Science Area; Netspar; Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)

John Bailey Jones


Federal Reserve Bank of Richmond; University at Albany, SUNY

October 1, 2016

Michigan Retirement Research Center Research Paper No. 2016-354

Abstract:     
This paper assesses the effect of the Affordable Care Act (ACA) on the labor supply of Americans ages 50 and older. Using data from the Health and Retirement Study and the Medical Expenditure Panel Survey, we estimate a dynamic programming model of retirement that accounts for both saving and uncertain medical expenses. Importantly, we model the two key channels by which health insurance rates are predicted to change: the Medicaid expansion and the subsidized private exchanges.

Number of Pages in PDF File: 59

Keywords: Affordable Care Act, labor supply, retirement model, insurance rates


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Date posted: February 3, 2017  

Suggested Citation

French, Eric and von Gaudecker, Hans-Martin and Jones, John Bailey, The Effect of the Affordable Care Act on the Labor Supply, Savings, and Social Security of Older Americans (October 1, 2016). Michigan Retirement Research Center Research Paper No. 2016-354. Available at SSRN: https://ssrn.com/abstract=2911074 or http://dx.doi.org/10.2139/ssrn.2911074

Contact Information

Eric French (Contact Author)
Federal Reserve Bank of Chicago ( email )
230 South LaSalle Street
Chicago, IL 60604-1413
United States
312-322-5322 (Phone)
312-322-5111 (Fax)
Department of Economics ( email )
Gower Street
London, WC1E 6BT
United Kingdom
Hans-Martin Von Gaudecker
University of Bonn - Economic Science Area ( email )
Adenauerallee 24-42
D-53113 Bonn
Germany
Netspar ( email )
P.O. Box 90153
Tilburg, 5000 LE
Netherlands
Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) ( email )
Amalienstrasse 33
Munich, 80799
Germany
John B. Jones
Federal Reserve Bank of Richmond ( email )
P.O. Box 27622
Richmond, VA 23261
United States
804 697-8206 (Phone)
HOME PAGE: http://www.albany.edu/~jbjones
University at Albany, SUNY ( email )
Bus Admin 110
1400 Washington Avenue
Albany, NY 12222
518-442-4926 (Phone)
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