Journal article
The Impact of Income-Related Medicare Part B Premiums on Labor Supply
Industrial & labor relations review, Vol.74(2), pp.419-442
03/01/2021
DOI: 10.1177/0019793919891973
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.
Details
- Title: Subtitle
- The Impact of Income-Related Medicare Part B Premiums on Labor Supply
- Creators
- Padmaja Ayyagari - Univ S Florida, Dept Econ, Tampa, FL 33620 USAFrank A. Sloan - Duke University
- Resource Type
- Journal article
- Publication Details
- Industrial & labor relations review, Vol.74(2), pp.419-442
- Publisher
- Sage
- DOI
- 10.1177/0019793919891973
- ISSN
- 0019-7939
- eISSN
- 2162-271X
- Number of pages
- 24
- Language
- English
- Date published
- 03/01/2021
- Academic Unit
- Health Management and Policy
- Record Identifier
- 9984363572002771
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