| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w28852
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| 来源ID | Working Paper 28852
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| Beyond Health: Non-Health Risk and the Value of Disability Insurance |
| Manasi Deshpande; Lee Lockwood
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| 发表日期 | 2021-05-31
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| 出版年 | 2021
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| 语种 | 英语
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| 摘要 | The public debate over disability insurance has centered on concerns about individuals without severe health conditions receiving benefits. We go beyond health risk alone to quantify the overall insurance value of U.S. disability programs, including value from insuring non-health risk. We find that disability recipients, especially those with less-severe health conditions, are much more likely to have experienced a wide variety of non-health shocks than non-recipients. Selection into disability receipt on the basis of non-health shocks is so strong among individuals with less-severe health conditions that by many measures less-severe recipients are worse off than more-severe recipients. As a result, under baseline assumptions, benefits to less-severe recipients have an annual surplus value (insurance benefit less efficiency cost) over cost-equivalent tax cuts of $7,700 per recipient, about three-fourths that of benefits to more-severe recipients ($9,900). Insurance against non-health risk accounts for about one-half of the value of U.S. disability programs. |
| 主题 | Public Economics
; National Fiscal Issues
; Health, Education, and Welfare
; Poverty and Wellbeing
|
| URL | https://www.nber.org/papers/w28852
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586526
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推荐引用方式
GB/T 7714 |
Manasi Deshpande,Lee Lockwood. Beyond Health: Non-Health Risk and the Value of Disability Insurance. 2021.
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文件名：
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w28852.pdf
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格式：
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Adobe PDF
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