unexplained reasons, pick up insurance with less coverage are encouraged to exert more effort, resulting in a lower (endogenous … for any coverage rate), single crossing (conditional on precaution choice, the marginal willingness to pay for insurance … increases with risk aversion for any coverage rate), and monotonicity (conditional on precaution choice, the demand for …

Employer-provided health benefit coverage for workers who retire before age 65 has fallen over the last decade. We … debate over increasing health coverage for older Americans without reducing work incentives. On dynamics, we find that … between 1992 and 1996, 24 percent of full-time workers who had retiree health benefits lost their coverage, while 15 percent …