The Role of Information in Disability Insurance Application: An Analysis of the Social Security Statement Phase-In

Autor:	Philip Armour
Rok vydání:	2018
Předmět:	Actuarial science Natural experiment Statement (logic) 05 social sciences Phase (combat) Social security 0502 economics and business Job satisfaction General health Business 050207 economics General Economics Econometrics and Finance Disability insurance Information provision 050205 econometrics
Zdroj:	American Economic Journal: Economic Policy. 10:1-41
ISSN:	1945-774X 1945-7731
DOI:	10.1257/pol.20160605
Popis:	This paper exploits a natural experiment in information provision on US Disability Insurance (DI) applications: the Social Security statement. Although the effect of the statement on DI application was negligible in the general health and retirement study population, among those previously reporting a work limitation, biennial DI application rates approximately doubled. This effect was driven by previously uninformed individuals. Additional analyses show these were new applicants and were no less likely to be accepted onto DI, accounting for a substantial fraction of the rise in DI rolls from 1994 to 2004 and indicating the importance of informational frictions in disability policymaking. (JEL D83, G22, H55, J14, J28)
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::3a495a8ab7b29964d1da875c328bb782 https://doi.org/10.1257/pol.20160605 Zobrazit plný text záznamu