The joint implications of Medicaid and Social Security for savings and welfare
Tatyana Koreshkova (),
R. Anton Braun and
Karen Kopecky ()
Additional contact information
R. Anton Braun: Federal Reserve Bank of Atlanta
No 86, 2013 Meeting Papers from Society for Economic Dynamics
between social security and Medicaid. As a result of these interactions, we find that the US social security significantly lowers the cost of financing Medicaid and other welfare programs for the elderly as it reduces the fraction of households who choose to rely on means-tested transfers to finance medical care and consumption in old-age. Despite this, we find that households, on average, prefer an economy with no social security program. Finally we find that when old-age health expenses and their risk are taken into account the welfare gain from removing social security is reduced due to a smaller effect of the removal on prices.
References: Add references at CitEc
Citations: Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:red:sed013:86
Access Statistics for this paper
More papers in 2013 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().