Code for: "Disability and Distress: The Effect of Disability Programs on Financial Outcomes"
收藏ICPSR2021-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/118462/version/V1/view
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资源简介：
What is the relationship between disability programs and financial distress? We provide the first evidence on this relationship using several markers of financial distress: bankruptcy, foreclosure, eviction, and home sale. Rates of these adverse financial events peak around the time of disability application. Using variation induced by an age-based eligibility rule, we find that disability allowance reduces the likelihood of bankruptcy by 20 percent, foreclosure by 33 percent, and home sale by 15 percent. We present evidence that these changes reflect true reductions in financial distress. Considering these extreme events increases the optimal disability benefit amount and suggests a shorter optimal waiting time between application and benefit receipt. <br>
提供机构：
Kenneth C. Griffin Department of Economics, University of Chicago and NBER.; Questrom School of Business, Boston University and NBER.; Harris School of Public Policy, University of Chicago.
创建时间：
2021-01-01
