Do Health Insurance and Pension Costs Reduce the Job Opportunities of Older Workers?

Using a 1991 nationwide survey of employers and 1979, 1983, 1988, and 1993 data from the Employee Benefits Supplement of the Current Population Survey, the authors examine the effects of fringe benefit provision on the decision to hire older workers. They find that higher health insurance costs, in...

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Bibliographic Details
Published in:Industrial & labor relations review 1995-07, Vol.48 (4), p.775-791
Main Authors: Scott, Frank A., Berger, Mark C., Garen, John E.
Format: Article
Language:English
Subjects:
Age Discrimination
Age groups
Aging
Compensation
Cost
Costs
Defined benefit pension plan
Defined benefit plans
Defined contribution plans
Demographic aspects
Economic aspects
Economic models
Economics
Employee benefits
Employee pension plans
Employee selection
Employers
Employment
Employment Opportunities
Expenditures
Factors
Fringe Benefits
Group health insurance
Health
Health Insurance
Hiring
Insurance
Insurance expenses
Job opportunities
Labor costs
Labor market
Labour relations
New employees
Older Adults
Older people
Older Workers
Pension costs
Pension funds
Pension plans
Pensions
Personnel Selection
Productivity
Retirement
Retirement Benefits
Statistical analysis
Studies
USA
Wages & salaries
Work
Younger workers
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Summary:Using a 1991 nationwide survey of employers and 1979, 1983, 1988, and 1993 data from the Employee Benefits Supplement of the Current Population Survey, the authors examine the effects of fringe benefit provision on the decision to hire older workers. They find that higher health insurance costs, in the presence of prohibitions against age discrimination and discrimination in the provision of fringe benefits, adversely affected older workers' employment opportunities. In all five data sets over a fourteen-year period, the probability that a new hire was aged 55-64 was significantly lower in firms with health care plans than in those without, and was also significantly lower in firms with relatively costly plans than in those with less costly plans. On the other hand, neither the cost nor the presence of a defined contribution or defined benefit pension plan significantly affected that probability.
ISSN:0019-7939
2162-271X
DOI:10.1177/001979399504800411