Tag: Social Security Disability
The brief’s key findings are: Social Security’s annual Statement of estimated benefits at different ages helps people plan for retirement. Those receiving it are more likely to provide an estimate of their benefits, and their estimates tend to be more accurate. The Statement does not appear to change retirement behavior; further research is needed to…
Abstract The increase in the full retirement age in the Social Security program provides exogenous variation in the generosity in the Social Security Disability Insurance (SSDI) program, based only on birth year. We exploit this variation to estimate how responsive SSDI applications are to the financial incentive to apply. We find that a 1-percentage-point decreas…
