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Does the Rise in the Full Retirement Age Encourage Disability Benefits Applications? Evidence from the Health and Retirement Study

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Author Info
Xiaoyan Li (RAND)
Nicole Maestas (RAND)
Abstract

As the Social Security full retirement age rises, the relative generosity of Social Security retirement benefits compared to disability benefits is declining, raising the incentive for insured people to apply for disability benefits. After controlling for other differences in observable characteristics, such as life-time earnings, we find that an average four month increase in the FRA slightly increases the two-year DI application rate by 0.04-0.30 percentage points. The effect is greater among those with a work limiting health problem (0.22-0.89 percentage points).

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Paper provided by University of Michigan, Michigan Retirement Research Center in its series Working Papers with number wp198.

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Length: 37 pages
Date of creation: Sep 2008
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Handle: RePEc:mrr:papers:wp198

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  1. Pierre-Carl Michaud & Arthur van Soest & Tatiana Andreyeva, 2007. "Cross-Country Variation in Obesity Patterns among Older Americans and Europeans," Social and Economic Dimensions of an Aging Population Research Papers 185, McMaster University. [Downloadable!]
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  2. Mark Duggan & Perry Singleton & Jae Song, 2005. "Aching to Retire? The Rise in the Full Retirement Age and its Impact on the Disability Rolls," NBER Working Papers 11811, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. Richard V. Burkhauser & John Cawley, 2004. "Obesity, Disability, and Movement Onto the Disability Insurance Rolls," Working Papers wp089, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  4. Richard V. Burkhauser & J. S. Butler & Gulcin Gumus, 2004. "Dynamic programming model estimates of Social Security Disability Insurance application timing," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(6), pages 671-685. [Downloadable!]
  5. Pierre-Carl Michaud & Arthur H.O. van Soest & Tatiana Andreyeva, 2007. "Cross-Country Variation in Obesity Patterns among Older Americans and Europeans," Forum for Health Economics & Policy, Berkeley Electronic Press, vol. 10(2). [Downloadable!]
  6. David H. Autor & Mark G. Duggan, 2006. "The Growth in the Social Security Disability Rolls: A Fiscal Crisis Unfolding," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 71-96, Summer.
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  7. Olivia S. Mitchell & John W. R. Phillips, 2000. "Retirement Responses to Early Social Security Benefit Reductions," Working Papers wp006, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
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  8. John Bound & Timothy Waidmann, 2007. "Estimating the Health Effects of Retirements," Working Papers wp168, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  9. Courtney Coile & Jonathan Gruber, 2007. "Future Social Security Entitlements and the Retirement Decision," The Review of Economics and Statistics, MIT Press, vol. 89(2), pages 234-246, 03. [Downloadable!] (restricted)
  10. Duggan, Mark & Singleton, Perry & Song, Jae, 2007. "Aching to retire? The rise in the full retirement age and its impact on the social security disability rolls," Journal of Public Economics, Elsevier, vol. 91(7-8), pages 1327-1350, August. [Downloadable!] (restricted)
  11. Dhaval Dave & R. Inas Rashad & Jasmina Spasojevic, 2008. "The Effects of Retirement on Physical and Mental Health Outcomes," Southern Economic Journal, Southern Economic Association, vol. 75(2), pages 497-523, October.
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  12. Benitez-Silva, Hugo & Buchinsky, Moshe & Chan, Hiu Man & Rust, John & Sheidvasser, Sofia, 1999. "An empirical analysis of the social security disability application, appeal, and award process," Labour Economics, Elsevier, vol. 6(2), pages 147-178, June. [Downloadable!] (restricted)
  13. Tamás Bartus, 2005. "Estimation of marginal effects using margeff," Stata Journal, StataCorp LP, vol. 5(3), pages 309-329, September. [Downloadable!]
  14. Gustman, Alan L. & Steinmeier, Thomas L., 2005. "The social security early entitlement age in a structural model of retirement and wealth," Journal of Public Economics, Elsevier, vol. 89(2-3), pages 441-463, February. [Downloadable!] (restricted)
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