Modeling Application for Disability Insurance as a Retirement Decision: A Hazard Model Approach Using Choice-Based Sampling

Author(s)/Creator(s)

Richard V. Burkhauser, Syracuse University
J.S. Butler, Vanderbilt University
Yang Woo Kim, The Bank of Korea
George A. Slotsve, Vanderbilt University

Description/Abstract

This paper models the decision to apply for Social Security Disability Insurance Benefitsas a special case of a more general dynamic retirement decision model. It uses a multi-state, continuous-time hazard to test the effect of policy variables on the speed at which workers applyfor benefits following the onset of a work limitation. Policy variables are found to matter. A higher expected replacement rate increases the risk of application. This effect is significant in asmall sample of the general population and in a sample which also includes a weighted choice-based sample of disability insurance applicants.

Document Type

Working Paper

Date

2-1992

Language

English

Funder(s)

Arthritis Foundation

Series

Income Security Policy Series

Acknowledgements

Kathryn H. Anderson and Theodore Pincus

Disciplines

Economic Policy | Economics | Public Affairs, Public Policy and Public Administration | Public Policy

ISSN

1061 1843

Additional Information

Policy studies paper no.3

Recommended Citation

Burkhauser, Richard V.; Butler, J.S.; Kim, Yang Woo; and Slotsve, George A., "Modeling Application for Disability Insurance as a Retirement Decision: A Hazard Model Approach Using Choice-Based Sampling" (1992). Center for Policy Research. 413.
https://surface.syr.edu/cpr/413

Source

Local Input

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.