DP16530 The Affordable Care Act After a Decade: Its Impact on the Labor Market and the Macro Economy
|Author(s):||Hanming Fang, Dirk Krueger|
|Publication Date:||September 2021|
|Keyword(s):||Affordable Care Act, Health Insurance, Labor market, macro economy|
|JEL(s):||E62, H24, H51, I1, I13, I18|
|Programme Areas:||Labour Economics, Public Economics, Macroeconomics and Growth|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=16530|
The Affordable Care Act (ACA) is one of the most important reforms of the US health insurance system since the introduction of Medicare. Since employment is a main source of health insurance for the working age population in the United States, this sweeping health insurance reform also has important implications for the labor market and the macro economy. In this paper, we survey the prototype models that are used in the macro and labor literature, extended to integrate health and health insurance, to study the short- and long-run consequences of the ACA. We also suggest open areas for future research.