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. Author manuscript; available in PMC: 2014 Aug 1.
Published in final edited form as: J Public Econ. 2013 Apr 29;104:40–51. doi: 10.1016/j.jpubeco.2013.04.007

Table 10.

Cumulative Effect of Retiree Health Insurance

No Coverage Subsidy
Person-Years Worked (58–64) 10,857.83 10,250.80
Difference from No Coverage (%) -    −5.6%
Person-Years Worked (62–64) 5,280.39 4,528.45
Difference from No Coverage (%) -    −14.2%
E(Retirement Age | Working at 57) 62.34 62.10
Difference from No Coverage (months) -    −2.91

Notes: Based on model in Table 5. Expected retirement age calculation is conditional on working at age 57 and assumes all individuals retire by age 65. Person-years worked based on initial workforce of 2,500 57-year olds (top panel) or 61-year-olds (middle panel).