Replication data for: Bankruptcy as Implicit Health Insurance
Principal Investigator(s): View help for Principal Investigator(s) Neale Mahoney
Version: View help for Version V1
Project Citation:
Mahoney, Neale. Replication data for: Bankruptcy as Implicit Health Insurance. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116151V1
Project Description
Summary:
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This paper examines the implicit health insurance that households
receive from the ability to declare bankruptcy. Exploiting multiple
sources of variation in asset exemption law, I show that uninsured
households with a greater financial cost of bankruptcy make higher
out-of-pocket medical payments, conditional on the amount of
care received. In turn, I find that households with greater wealth at
risk are more likely to hold health insurance. The implicit insurance
from bankruptcy distorts the insurance coverage decision. Using a
microsimulation model, I calculate that the optimal Pigovian penalties
are three-quarters as large as the average penalties under the Affordable Care Act. (JEL D14, H51, I13, K35)
Scope of Project
JEL Classification:
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D14 Household Saving; Personal Finance
H51 National Government Expenditures and Health
I13 Health Insurance, Public and Private
K35 Personal Bankruptcy Law
D14 Household Saving; Personal Finance
H51 National Government Expenditures and Health
I13 Health Insurance, Public and Private
K35 Personal Bankruptcy Law
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