The Impact of Income-Related Medicare Part B Premiums on Labor Supply
Bibliographic Data
| ID | 3570466 |
|---|---|
| Authors | Padmaja Ayyagari (corresponding author), Frank A Sloan (0000-0002-9902-1009, Padmaja Ayyagari is an Associate Professor in the Department of Economics, University of South Florida. Frank A. Sloan is the J. Alexander McMahon Professor Emeritus of Health Policy and Management in the Department of Economics, Duke University) |
| Year | 2021 |
| Volume | 74 |
| Issue | 2 |
| Pages | 419-442 |
| Publication date | 2021-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Industrial and Labor Relations Review (JOURNAL) |
| Journal identifiers | ISSN: 0019-7939 • E-ISSN: 2162-271X |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0019793919891973 |
| OpenAlex | W2992240924 |
| Language | EN |
| References cited | 32 |
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
Business · Demographic economics · Economic growth · Economics · Exploit · Health care · Health insurance · Labour economics · Medicare Part B · Payment · Finance · Gender, Labor, and Family Dynamics · Healthcare Policy and Management · Retirement, Disability, and Employment
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| Citation velocity | historical |
|---|---|
| Highly cited | No |