NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
loading...

Estimating the Value of Public Insurance Using Complementary Private Insurance

Marika Cabral, Mark R. Cullen

NBER Working Paper No. 22583
Issued in August 2016, Revised in April 2018
NBER Program(s):Aging, Health Care, Health Economics, Labor Studies, Public Economics

The welfare associated with public insurance is often difficult to quantify because the demand for coverage is unobserved and thus cannot be used to analyze welfare. However, in many settings, individuals can purchase private insurance to supplement public coverage. This paper outlines an approach to use data and variation from private complementary insurance to quantify welfare associated with counterfactuals related to compulsory public insurance. We then apply this approach using administrative data on disability insurance. Our findings suggests that public disability insurance generates substantial surplus for the sample population, and there may be gains to increasing the generosity of coverage.

download in pdf format
   (4085 K)

email paper

The NBER Bulletin on Aging and Health provides summaries of publications like this.  You can sign up to receive the NBER Bulletin on Aging and Health by email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w22583

Users who downloaded this paper also downloaded* these:
Wang, Merriman, and Chaloupka w22577 Relative Tax Rates, Proximity and Cigarette Tax Noncompliance: Evidence from a National Sample of Littered Cigarette Packs
Burns and Mullahy w22562 Healthy-Time Measures of Health Outcomes and Healthcare Quality
Banks, Blundell, Levell, and Smith w22513 Life-Cycle Consumption Patterns at Older Ages in the US and the UK: Can Medical Expenditures Explain the Difference?
Bloom, Kuhn, and Prettner w22560 Africa’s Prospects for Enjoying a Demographic Dividend
Shepard w22600 Hospital Network Competition and Adverse Selection: Evidence from the Massachusetts Health Insurance Exchange
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us