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The Impact of Income-Related Medicare Part B Premiums on Labor Supply

Publication ,  Journal Article
Ayyagari, P; Sloan, FA
Published in: ILR Review
March 1, 2021

The 2003 Medicare Modernization Act introduced income-related premiums on Medicare coverage for professional services (Part B) for the first time. Beginning in 2007, higher-income households were required to pay higher premiums for Part B coverage, which raises the price of Medicare relative to employer-sponsored health insurance for these households. The authors exploit this exogenous change in Medicare policy to examine the impact of Part B premiums on the labor supply decisions of older adults. They find that higher Medicare premiums delay retirement. Findings have important implications for Medicare policy and labor markets.

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Published In

ILR Review

DOI

EISSN

2162-271X

ISSN

0019-7939

Publication Date

March 1, 2021

Volume

74

Issue

2

Start / End Page

419 / 442

Related Subject Headings

  • Industrial Relations
  • 3801 Applied economics
  • 3505 Human resources and industrial relations
  • 1608 Sociology
  • 1503 Business and Management
  • 1402 Applied Economics
 

Citation

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Ayyagari, P., & Sloan, F. A. (2021). The Impact of Income-Related Medicare Part B Premiums on Labor Supply. ILR Review, 74(2), 419–442. https://doi.org/10.1177/0019793919891973
Ayyagari, P., and F. A. Sloan. “The Impact of Income-Related Medicare Part B Premiums on Labor Supply.” ILR Review 74, no. 2 (March 1, 2021): 419–42. https://doi.org/10.1177/0019793919891973.
Ayyagari P, Sloan FA. The Impact of Income-Related Medicare Part B Premiums on Labor Supply. ILR Review. 2021 Mar 1;74(2):419–42.
Ayyagari, P., and F. A. Sloan. “The Impact of Income-Related Medicare Part B Premiums on Labor Supply.” ILR Review, vol. 74, no. 2, Mar. 2021, pp. 419–42. Scopus, doi:10.1177/0019793919891973.
Ayyagari P, Sloan FA. The Impact of Income-Related Medicare Part B Premiums on Labor Supply. ILR Review. 2021 Mar 1;74(2):419–442.
Journal cover image

Published In

ILR Review

DOI

EISSN

2162-271X

ISSN

0019-7939

Publication Date

March 1, 2021

Volume

74

Issue

2

Start / End Page

419 / 442

Related Subject Headings

  • Industrial Relations
  • 3801 Applied economics
  • 3505 Human resources and industrial relations
  • 1608 Sociology
  • 1503 Business and Management
  • 1402 Applied Economics