Estimating workers' marginal valuation of employer health benefits: Would insured workers prefer more health insurance or higher wages?

Journal of Health Economics

Volumn 27, Issue 1, 2008, Pages 89-105

  Royalty, Anne Beeson ^a  

^a INDIANA UNIVERSITY   (United States)

Author keywords

Compensating differentials; Employer provided health insurance; Health insurance; Hedonic model

Indexed keywords

ESTIMATION METHOD; HEALTH INSURANCE; HEALTH SERVICES; HEDONIC ANALYSIS; WAGE;

ARTICLE; HEALTH CARE COST; HEALTH CARE PLANNING; HEALTH INSURANCE; HEALTH SERVICE; HUMAN; SOCIOECONOMICS; WORK ENVIRONMENT; WORKMAN COMPENSATION;

ATTITUDE; HEALTH BENEFIT PLANS, EMPLOYEE; HUMANS; INSURANCE COVERAGE; MODELS, ECONOMETRIC; SALARIES AND FRINGE BENEFITS; UNITED STATES;

EID: 37549047244     PISSN: 01676296     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jhealeco.2006.10.013     Document Type: Article

References (25)

1. Abraham, J., Vogt, W.B., Gaynor, M.S., 2005. How Do Households Choose Their Employer-Based Health Insurance? Unpublished working paper, August 2005.
2. Atherly A., Bryan E.D., and Roger F. The effect of benefits, premiums, and health risk on health plan choice in the medicare program. Health Services Research 39 4 (2004) 847-864
3. Ben-Akiva M., and Lerman S.R. Discrete Choice Analysis: Theory and Application to Travel Demand (1985), MIT Press, Cambridge
4. Berkson J. A statistically precise and relatively simple method of estimating the bioassay with quantal response, based on the logistic function. Journal of the American Statistical Association 48 (1953) 565-599
5. Berry S. Estimating discrete-choice models of product differentiation rand. Journal of Economics 25 2 (1994) 242-262
6. Biddle J.E., and Zarkin G.A. Worker preferences and market compensation for job risk. Review of Economics and Statistics 70 (1988) 660-667
7. Brown C. Equalizing differences in the labor market. Quarterly Journal of Economics XCIV 1 (1980) 113-134
8. Bundorf M.K. Employee demand for health insurance and employer health plan choices. Journal of Health Economics 21 1 (2002) 65-88
9. Carrington W.J., Kristin M., and Brooks P. Nondiscrimination rules and the distribution of fringe benefits. Journal of Labor Economics (Supplement) 20 2 (2002) S5-S34
10. Chernew M.E., and Hirth R.A. Challenges in modeling health insurance coverage: gaps in the literature. In: McLaughlin C.G. (Ed). Health Policy and the Uninsured (2004), The Urban Institute Press, Washington, DC 257-297
11. Cooper P., and Schone B. More offers fewer takers for employment-based health insurance. Health Affairs 16 6 (1997) 142-149
12. Duncan G.J., and Holmlund B. Was Adam Smith right after all? Another test of the theory of compensating wage differentials. Journal of Labor Economics 1 4 (1983) 366-379
13. Feldman R., Finch M., Dowd B., and Cassou S. The demand for employment-based health insurance plans. The Journal of Human Resources 24 1 (1989) 115-142
14. Garen J. Compensating wage differentials and the endogeneity of job riskiness. Review of Economics and Statistics 70 (1988) 9-16
15. Hwang H.-S., Reed W.R., and Hubbard C. Compensating wage differentials and unobserved productivity. Journal of Political Economy 100 41 (1992) 835-858
16. Jensen G.A., and Morrisey M. Group health insurance a hedonic price approach. Review of Economics and Statistics 72 1 (1990) 38-44
17. Moran J.R., Chernew M., and Hirth R. Preference diversity and the breadth of employee health insurance options. Health Services Research 36 5 (2001) 911-934
18. Porter, E., 2004. Rising Cost of Health Benefits Cited as Factor in Slump of Jobs. New York Times, August 19.
19. Regopoulos, L.E., Trude, S., 2004. Employers Shift Rising Health Care Costs to Workers: No Long-term Solution in Sight. Center for Studying Health System Change Issue Brief No. 83, May.
20. Rosen S. Hedonic prices and implicit markets: product differentiation in pure competition. Journal of Political Economy 82 (1974) 34-55
21. Scanlon D.P., Chernew M., and Lave J. Consumer health plan choice: current knowledge and future directions. American Review of Public Health 18 (1997) 507-528
22. Small K., and Rosen H.S. Applied welfare economics with discrete choice models. Econometrica 49 1 (1981) 105-130
23. Tax Policy Center. Historical Combined Income and Employee Tax Rates for a Family of Four, http://taxpolicycenter.org/taxfacts/tfdb/tftemplate.cfm.
24. Theil H. A multinomial extension of the linear logit model. International Economic Review 10 (1969) 251-259
25. Wholey D., Feldman R., and Christianson J.B. The effect of market structure on HMO premiums. Journal of Health Economics 14 1 (1995) 81-105