000 01182nam a22001577a 4500
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100 _aWettstein, Gal
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245 _aRetirement lock and prescription drug insurance: evidence from Medicare Part D
260 _aAmerican Economic Journal: Economic Policy
300 _a12(1), Feb, 2020: p. 389-417
520 _aI examine whether lack of an individual market for prescription drug insurance causes individuals to delay retirement. Exploiting the 2006 introduction of Medicare Part D, which subsidized drug insurance for Americans over age 65, I use a triple-differences design that compares labor outcomes of individuals with retiree health insurance up to age 65 to those with insurance for life, before and after age 65, before and after 2006. I find that those with benefits only to age 65 decreased full-time work by 8.4 percentage points, of which 70 percent was due to transitions to part-time work.- Reproduced
650 _aActuarial studies, Health, Public health, Retirement policies, Insurance companies
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773 _aAmerican Economic Journal: Economic Policy
906 _aRETIREMENT
942 _cAR