Wednesday, January 04, 2012

Creating Jobs: It's Not Rocket Science

Want to boost employment for young and middle-aged adults? Then encourage boomers to retire earlier rather than later by letting them buy in to Medicare before age 65. A new study by the National Bureau of Economic Research shows that the availability of retiree health insurance leads to earlier retirement—especially among workers aged 62 and 63. Workers who are offered retiree health insurance are 21 percent more likely than those without insurance to retire at age 62, and they are 32 percent more likely to retire at age 63.

Source: National Bureau of Economic Research, Does Retiree Health Insurance Encourage Early Retirement?, NBER Working Paper 17703 ($5)

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