| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25642 |
| 来源ID | Working Paper 25642 |
| Disability and Distress: The Effect of Disability Programs on Financial Outcomes | |
| Manasi Deshpande; Tal Gross; Yalun Su | |
| 发表日期 | 2019-03-11 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We provide the first evidence on the relationship between disability programs and markers of financial distress: bankruptcy, foreclosure, eviction, and home sale. Rates of these adverse financial events peak around the time of disability application and subsequently fall for both allowed and denied applicants. To estimate the causal effect of disability programs on these outcomes, we use variation induced by an age-based eligibility rule and find that disability allowance substantially reduces the likelihood of adverse financial events. Within three years of the decision, the likelihood of bankruptcy falls by 0.81 percentage point (30 percent), and the likelihood of foreclosure and home sale among homeowners falls by 1.7 percentage points (30 percent) and 2.5 percentage points (20 percent), respectively. We find suggestive evidence of reductions in eviction rates. Conversely, the likelihood of home purchases increases by 0.86 percentage point (20 percent) within three years. We present evidence that these changes reflect true reductions in financial distress. In our model of optimal disability benefits, considering these extreme events increases optimal disability benefits and potentially shortens waiting times. |
| 主题 | Microeconomics ; Households and Firms ; Public Economics ; National Fiscal Issues ; Health, Education, and Welfare ; Poverty and Wellbeing |
| URL | https://www.nber.org/papers/w25642 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583314 |
| 推荐引用方式 GB/T 7714 | Manasi Deshpande,Tal Gross,Yalun Su. Disability and Distress: The Effect of Disability Programs on Financial Outcomes. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25642.pdf（1110KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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