Data and Code for: Health Insurance Design Meets Saving Incentives: Consumer Responses to Complex Contracts
Principal Investigator(s): View help for Principal Investigator(s) Adam Leive, University of Virginia
Version: View help for Version V1
Name | File Type | Size | Last Modified |
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replication | 05/06/2021 01:52:PM | ||
Online Appendix.pdf | application/pdf | 834.5 KB | 05/06/2021 09:52:AM |
README.pdf | application/pdf | 53.1 KB | 05/06/2021 09:42:AM |
Project Citation:
Leive, Adam. Data and Code for: Health Insurance Design Meets Saving Incentives: Consumer Responses to Complex Contracts. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-03-21. https://doi.org/10.3886/E129302V1
Project Description
Summary:
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To lower health care costs, Health Savings Accounts (HSAs) offer tax incentives encouraging people to trade off current consumption against future consumption. This paper tests whether consumers use HSAs as self-insurance over their life-cycle. Using administrative data from a large employer and a regression discontinuity design, I estimate the marginal propensity to consume from HSA assets is 0.85 and reject the neoclassical benchmark of zero. Comparisons with 401(k) saving show most employees do not treat HSA money as fungible with retirement savings. In this setting, HSAs did not reduce health spending and instead increased the share that was financed tax-free.
Scope of Project
Subject Terms:
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Life-Cycle Modeling;
Regression Discontinuity
JEL Classification:
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D14 Household Saving; Personal Finance
D81 Criteria for Decision-Making under Risk and Uncertainty
G22 Insurance; Insurance Companies; Actuarial Studies
H51 National Government Expenditures and Health
I13 Health Insurance, Public and Private
D14 Household Saving; Personal Finance
D81 Criteria for Decision-Making under Risk and Uncertainty
G22 Insurance; Insurance Companies; Actuarial Studies
H51 National Government Expenditures and Health
I13 Health Insurance, Public and Private
Geographic Coverage:
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United States
Time Period(s):
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2006 – 2010
Data Type(s):
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administrative records data;
observational data
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