Employer Provided Health Insurance and Retirement Behavior

Alan Gustman () and Thomas L. Steinmeier

No 4307, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper analyzes the effects on retirement of employer provided health benefits to workers and retirees. Retiree health benefits delay retirement until age of eligibility, and then accelerate it. With a base case of no retiree health coverage, granting retiree health coverage to all those with employer coverage while working accelerates retirement age by less than one month. Valuing benefits at costs of private health insurance to unaffiliated individuals, rather than at group rates, increases the effect. Ignoring retiree health benefits in retirement models creates only a small bias. Changing health insurance policies has a small effect on retirement.

JEL-codes: I1 J14 (search for similar items in EconPapers)
Date: 1993-03
Note: LS AG
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Published as Alan L. Gustman & Thomas L. Steinmeier, 1994. "Employer-provided health insurance and retirement behavior," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 48(1), pages 124-140, October.

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Journal Article: Employer-Provided Health Insurance and Retirement Behavior (1994)
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