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来源类型Working Paper
规范类型报告
DOI10.3386/w25338
来源IDWorking Paper 25338
The Effect of Economic Conditions on the Disability Insurance Program: Evidence from the Great Recession
Nicole Maestas; Kathleen J. Mullen; Alexander Strand
发表日期2018-12-10
出版年2018
语种英语
摘要We examine the effect of cyclical job displacement during the Great Recession on the Social Security Disability Insurance (SSDI) program. Exploiting variation in the severity and timing of the recession across states, we estimate the effect of unemployment on SSDI applications and awards. We find the Great Recession induced nearly one million SSDI applications that otherwise would not have been filed, of which 41.8 percent were awarded benefits, resulting in over 400,000 new beneficiaries who made up 8.9 percent of all SSDI entrants between 2008-2012. More than one-half of the recession-induced awards were made on appeal. The induced applicants had less severe impairments than the average applicant. Only 9 percent had the most severe, automatically-qualifying impairments, 33 percent had functional impairments and no transferable skills, and the rest were denied for having insufficiently severe impairments and/or transferable skills. Our estimates imply the Great Recession increased claims processing costs by $2.960 billion during 2008-2012, and SSDI benefit obligations by $55.730 billion in present value, or $97.365 billion including both SSDI and Medicare benefits.
主题Public Economics ; National Fiscal Issues ; Labor Economics ; Demography and Aging
URLhttps://www.nber.org/papers/w25338
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/583011
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Nicole Maestas,Kathleen J. Mullen,Alexander Strand. The Effect of Economic Conditions on the Disability Insurance Program: Evidence from the Great Recession. 2018.
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