Working Paper: NBER ID: w29240
Authors: Hanming Fang; Dirk Krueger
Abstract: The Affordable Care Act (ACA) is one of the most important reforms of the US health insurance system since the introduction of Medicare. Since employment is a main source of health insurance for the working age population in the United States, this sweeping health insurance reform also has important implications for the labor market and the macro economy. In this paper, we survey the prototype models that are used in the macro and labor literature, extended to integrate health and health insurance, to study the short- and long-run consequences of the ACA. We also suggest open areas for future research.
Keywords: Affordable Care Act; Labor Market; Health Insurance; Macroeconomy
JEL Codes: E62; H51; I1; I13; I18; J33
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| ACA provisions (G52) | reduction in uninsured rate (I13) |
| ACA's provisions (G52) | increased Medicaid and Medicare coverage (I18) |
| ACA reforms (G52) | influence on individual consumption, saving, and labor supply decisions (H31) |
| ACA (G52) | firm behavior in employment-based health insurance offerings (L20) |
| ACA (G52) | impact on wages and worker turnover (J63) |
| individual mandate and employer mandate (G52) | incentives for individuals to seek health insurance (G52) |
| incentives for individuals to seek health insurance (G52) | labor market participation (J29) |