Replication data for: Bankruptcy as Implicit Health Insurance
- Mahoney, Neale
AbstractThis 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)
Is supplement to
DOI: 10.1257/aer.20131408 (Text)
Mahoney, Neale. “Bankruptcy as Implicit Health Insurance.” American Economic Review 105, no. 2 (February 2015): 710–46. https://doi.org/10.1257/aer.20131408.
- ID: 10.1257/aer.20131408 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06