Archive: John Bailey Jones
The brief’s key findings are: Medicaid covers not only the low-income elderly but also those with higher incomes who become impoverished by health costs, such as nursing home care. The percentage of high-income single retirees receiving Medicaid rises with age – from near zero for those in their 70s to 20 percent for those in…
Abstract Using the first estimable dynamic programming model of retirement behavior that accounts for both savings and uncertain medical expenses, we assess the importance of employer-provided health insurance and Medicare in determining retirement behavior. Including both of these features allows us to determine whether workers value employer-provided health insurance because the subsidy contained in t…
