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Abstract The onset of a work-limiting disability coincides with an immediate decline in earnings with little recovery. This study examines whether this relationship is attributable to the labor disincentives of disability insurance. The data come from the Survey of Income and Program Participation linked to administrative data from the Social Security Administration. The analysis suggests…
The brief’s key findings are: Estimates of retirement security depend crucially on the assumption of what parents do with the money that is freed up when their children leave home. The Health and Retirement Study’s consumption survey is used to determine whether parents save it for retirement or spend it on consumption. The results show…
