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11:00 - 12:00 26 April 2012

Medicaid Redistribution in Old Age


Jevons Lecture Theatre | Drayton House (link Map)
30 Gordon Street | London | WC1H 0AN | United Kingdom

Open to: Academic | Student
Ticketing: Open

Speaker information

Mariacristina de Nardi, Chicago Fed

This paper studies the redistributive properties of Medicaid insurance in old age. Although Medicaid was primarily designed to protect and insure the poor, the poor tend to live shorter lifespans and spend less time in a nursing home than the rich. We document Medicaid take-up rates and nursing home stays by age, permanent income, and gender, in the Assets and Health Dynamics of the Oldest Old (AHEAD) data set. We estimate a model in which retired single people optimally choose consumption, Medicaid application if eligible, medical spending, and saving. We allow for heterogeneity in wealth, lifetime income, health, gender, life expectancy, and medical and nursing home needs.


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