2020 Reports
Job lock, retirement, and dependent health insurance: Evidence from the Affordable Care Act
The 2010 Affordable Care Act expanded health insurance coverage to depen- dents up to age 26, allowing some parents to add adult children to their employer- sponsored plans. I leverage this policy to understand the role adult children play in their parents’ labor supply, and consider a potential spillover of the dependent mandate policy to parents: did parents delay retirement to take advantage of the policy? I find that among parents aged 55-66, affected parents’ retirement rate fell by 3.8 percentage points after policy enactment, causing them to delay retirement by 0.74 years on average. An estimated 290,000 parents delayed retirement in order to obtain coverage for their children.
Subjects
Files
-
V8_ACApaper.pdf application/pdf 699 KB Download File
Also Published In
More About This Work
- Academic Units
- Economics
- Published Here
- May 29, 2020
Related Items
Notes
A previous version of this paper is available at https://doi.org/10.7916/d8-rbnm-4h25.