The Effects of Health Insurance and Self-Insurance on Retirement Behavior

Eric French and John Jones
Authors registered in the RePEc Author Service: John Bailey Jones and Eric Baird French

No 24, Computing in Economics and Finance 2001 from Society for Computational Economics

Abstract: \tThis paper presents and estimates a dynamic programming model model of retirement behavior that accounts explicitly for the effects of health cost volatility and and health insurance on retirement behavior. The model includes a savings decision so that we are able to analyze whether self-insurance is an important mechanism for understanding how greatly individuals value health insurance. We present preliminary estimates from the Health and Retirement Survey. We find that the possibility of self-insurance significantly lessens an individual's valuation of health insurance. Therefore, failure to account for self-insurance potentially leads to overestimates of the effect of health insurance and Medicare on retirement behavior.

Keywords: health insurance; retirement (search for similar items in EconPapers)
JEL-codes: C51 J26 (search for similar items in EconPapers)
Date: 2001-04-01
New Economics Papers: this item is included in nep-hea, nep-ias and nep-mic
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Citations: View citations in EconPapers (20)

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Related works:
Journal Article: The Effects of Health Insurance and Self‐Insurance on Retirement Behavior (2011)
Working Paper: The Effects of Health Insurance and Self-Insurance on Retirement Behavior (2010)
Working Paper: The Effects of Health Insurance and Self-Insurance on Retirement Behavior (2007)
Working Paper: The Effects of Health Insurance and Self-Insurance on Retirement Behavior (2004)
Working Paper: The effects of health insurance and self-insurance on retirement behavior (2001)
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