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Manufacturing Firms' Decisions Regarding Retiree Health Insurance

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  • Patricia H Born
  • Alice M Zawacki

Abstract

This study analyzes the firm’s decision to offer and contribute to retiree health insurance. We apply a binomial probit model and an interval regression model to analyze the likelihood of offering and the proportion of costs contributed by the firm. Our findings indicate that while firm characteristics affect the probability that a firm offers retiree health insurance, financial performance and alternative insurance options significantly affect the firm’s generosity towards its cost. This study expands on previous research by including potentially important policy-related measures to the more limited set of firm and workforce characteristics that have been typically employed.

Suggested Citation

  • Patricia H Born & Alice M Zawacki, 2003. "Manufacturing Firms' Decisions Regarding Retiree Health Insurance," Working Papers 03-14, Center for Economic Studies, U.S. Census Bureau.
    • Handle: RePEc:cen:wpaper:03-14
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    File URL: https://www2.census.gov/ces/wp/2003/CES-WP-03-14.pdf
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    References listed on IDEAS

    as
    1. Gruber, Jonathan & Madrian, Brigitte C, 1995. "Health-Insurance Availability and the Retirement Decision," American Economic Review, American Economic Association, vol. 85(4), pages 938-948, September.
    2. Born, Patricia H, 2001. "Insurer Profitability in Different Regulatory and Legal Environments," Journal of Regulatory Economics, Springer, vol. 19(3), pages 211-237, July.
    3. Deborah Chollet & Adele Kirk, "undated". "Medigap Insurance Markets: Structure, Change, and Implications for Medicare," Mathematica Policy Research Reports c81d37461e884b7ba3f28ad66, Mathematica Policy Research.
    4. Thomas C. Buchmueller & John Dinardo & Robert G. Valletta, 2002. "Union Effects on Health Insurance Provision and Coverage in the United States," ILR Review, Cornell University, ILR School, vol. 55(4), pages 610-627, July.
    5. Alan L. Gustman & Thomas L. Steinmeier, 1994. "Employer-Provided Health Insurance and Retirement Behavior," ILR Review, Cornell University, ILR School, vol. 48(1), pages 124-140, October.
    6. repec:mpr:mprres:3302 is not listed on IDEAS
    7. Lynn A. Karoly & Jeannette A. Rogowski, 1994. "The Effect of Access to Post-Retirement Health Insurance on the Decision to Retire Early," ILR Review, Cornell University, ILR School, vol. 48(1), pages 103-123, October.
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    Cited by:

    1. Alice Zawacki & Christine Eibner & Elaine Zimmerman, 2009. "Older Workers’ Access to Employer-Sponsored Retiree Health Insurance, 2000–2006," Journal of Labor Research, Springer, vol. 30(4), pages 350-364, December.
    2. Rosemary Hyson & Alice Zawacki, 2008. "Health-Related Research Using Confidential U.S. Census Bureau Data," Working Papers 08-21, Center for Economic Studies, U.S. Census Bureau.

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    Keywords

    CES; economic; research; micro; data; microdata; chief; economist;
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