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Replication data for: Choice Inconsistencies among the Elderly: Evidence from Plan Choice in the Medicare Part D Program

Version
1
Resource Type
Dataset
Creator
  • Abaluck, Jason
  • Gruber, Jonathan
Publication Date
2011-06-01
Description
  • Abstract

    We evaluate the choices of elders across their insurance options under the Medicare Part D Prescription Drug plan, using a unique dataset of prescription drug claims matched to information on the characteristics of choice sets. We document that elders place much more weight on plan premiums than on expected out-of-pocket costs; value plan financial characteristics beyond any impacts on their own financial expenses or risk; and place almost no value on variance- reducing aspects of plans. Partial equilibrium welfare analysis implies that welfare would have been 27 percent higher if patients had all chosen rationally. (JEL D12, I11, J14)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.101.4.1180 (Text)
Publications
  • Abaluck, Jason, and Jonathan Gruber. ā€œChoice Inconsistencies among the Elderly: Evidence from Plan Choice in the Medicare Part D Program.ā€ American Economic Review 101, no. 4 (June 2011): 1180ā€“1210. https://doi.org/10.1257/aer.101.4.1180.
    • ID: 10.1257/aer.101.4.1180 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11

Abaluck, Jason; Gruber, Jonathan (2011): Replication data for: Choice Inconsistencies among the Elderly: Evidence from Plan Choice in the Medicare Part D Program. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112428V1