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Influence of Health Insurance on Labor Supply & Retirement Decisions: A Dynamic Study

This study examines the interaction between labor force participation, health insurance coverage, and retirement decisions, focusing on factors like gender, marital status, and children. It explores how the availability of group policies affects individual workers' choices, including full-time vs. part-time work, seasonal employment, and industry preferences. The impact of health insurance on retirement choices for men and women is analyzed, along with its role in job mobility decisions. The research presents what is known, likely, and debated in the field to provide insights for policymakers.

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Influence of Health Insurance on Labor Supply & Retirement Decisions: A Dynamic Study

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  1. eriu Labor Force Participation and Health Insurance Coverage A Dynamic Interaction Catherine McLaughlin Economic Research Initiative on the Uninsured University of Michigan

  2. Worker Take-up Rates, By Gender Data: NMES 1987, MEPS 1996 and 1999, CPS 2000

  3. Worker Take-up Rates, By Gender, Marital Status, Kids Data: CPS 2000

  4. Worker Offer Rates, By Gender, Marital Status, Kids Data: CPS 2000

  5. % Decliners who are Uninsured, By Marital Status, Kids, and Gender Source: CTS, 1996

  6. Questions for policymakers • What influence does the availability of a group policy have on labor supply decisions of individual workers? • Entry or exit • Retirement, back to school, staying home • Full time or part time • Seasonal or temporary • Occupation and industry

  7. What we know about labor force participation and coverage • Health insurance is a central determinant of retirement decisions by men • Size of effect not known • Effect on women not known Source: Gruber and Madrian, 2002

  8. What we think is likely about labor force participation and coverage • Health insurance is an important factor in the labor supply decisions of secondary earners

  9. What is possible, but there is disagreement in the field • Health insurance is not a major determinant of the labor supply and welfare exit of low income mothers • Health insurance plays an important role in job mobility decisions

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