Health, Wealth and Workforce Exit: Disability Insurance and Individual Accounts

Upjohn Institute Working Paper No. 05-116

46 Pages Posted: 1 Jun 2005

Abstract

Current debate on the Social Security Administration's long-term finance of benefits includes proposals for independent private investment via individual accounts. The author first investigates what implications disability might have for equity savings account balances. In light of results, incentives to exit the workforce ahead of retirement age are considered when a defined benefit program for disability insurance continues to be available. Included simulation uses historic wage series, equity market performance, and current OASDI regulations for cohorts retiring over the period of 1929 - 2003.

Keywords: Seligman, SSA, individual, accounts

JEL Classification: H52, I19

Suggested Citation

Seligman, Jason, Health, Wealth and Workforce Exit: Disability Insurance and Individual Accounts. Upjohn Institute Working Paper No. 05-116, Available at SSRN: https://ssrn.com/abstract=733566 or http://dx.doi.org/10.2139/ssrn.733566

Jason Seligman (Contact Author)

The Investment Company Institute ( email )

1401 H Street, NW
Washington, DC 20005
United States
2023265866 (Phone)
20005 (Fax)

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