The labor market effects of rising health insurance premiums
Katherine Baicker
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The labor market effects of rising health insurance premiums
Published
2005
Publisher
National Bureau of Economic Research
Pages
28
Description
"Since 2000, premiums for employer-provided health insurance have increased by 59 percent with little corresponding increase in the generosity of coverage. The effect of this increase in costs on wages and employment will depend on workers' valuation of the benefit, the elasticities of labor supply and demand, and institutional constraints on employers' ability to lower wages. Measuring these effects is difficult, however, without a source of exogenous variation in the cost of benefits. We use variation in medical malpractice payments driven by the recent "medical malpractice crisis" to identify the causal effect of rising health insurance premiums on wages, employment, and health insurance coverage. We estimate that a 10 percent increase in health insurance premiums reduces the aggregate probability of being employed by 1.6 percent and hours worked by 1 percent, and increases the likelihood that a worker is employed only part-time by 1.9 percent. For workers covered by employer provided health insurance, this increase in premiums results in an offsetting decrease in wages of 2.3 percent. Thus, rising health insurance premiums may both increase the ranks of the unemployed and place an increasing burden on workers through decreased wages for workers with employer health insurance and decreased hours for workers moved from full time jobs with benefits to part time jobs without"--National Bureau of Economic Research web site.
Frequently Asked Questions
How many pages are in The labor market effects of rising health insurance premiums?
This edition of The labor market effects of rising health insurance premiums has approximately 28 pages. Please note, this is an estimate and the exact page count can vary between hardcover, paperback, and e-book versions.
How long does it take to read The labor market effects of rising health insurance premiums?
For most readers, The labor market effects of rising health insurance premiums typically takes between 35m and 23m to complete. This is based on the book's length of approximately 7,000 words and common reading speeds.
Here's a detailed breakdown: • Continuous reading at 250 WPM: approximately 28m of focused reading • Casual reading (30 minutes/day): you could finish in roughly 1 day • Estimated word count: 7,000 words
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What is the word count of The labor market effects of rising health insurance premiums?
The estimated word count for The labor market effects of rising health insurance premiums is approximately 7,000 words. This figure is calculated using industry-standard methods that consider genre-specific word density patterns, typical formatting and layout characteristics, and standard words-per-page ratios for published books.
This is an approximation — actual word count may vary based on font size, formatting, edition, and the presence of illustrations or charts.
Who is the author of The labor market effects of rising health insurance premiums?
The labor market effects of rising health insurance premiums was written by Katherine Baicker.
When was The labor market effects of rising health insurance premiums published?
The publication date for this specific edition is 2005. The original work may have been published on a different date.