Home > Publications . Search All . Browse All . Country . Browse PSC Pubs . PSC Report Series

PSC In The News

RSS Feed icon

Johnston concerned declines in teen smoking threatened by e-cigarettes

Frey discusses book Diversity Explosion

Bailey and Dynarski's work cited in story on sending teams of poor kids to college

Highlights

Apply for 2-year NICHD Postdoctoral Fellowships that begin September 2015

PSC Fall 2014 Newsletter now available

Martha Bailey and Nicolas Duquette win Cole Prize for article on War on Poverty

Michigan's graduate sociology program tied for 4th with Stanford in USN&WR rankings

Next Brown Bag

Monday, Jan 12
Filiz Garip, Changing Dynamics of Mexico-U.S. Migration

John Bound photo

The Welfare Implications of Increasing Disability Insurance Benefit Generosity

Publication Abstract

Bound, John, Julianne Cullen, Austin Nichols, and Lucie G. Schmidt. 2004. "The Welfare Implications of Increasing Disability Insurance Benefit Generosity." Journal of Public Economics, 88(12): 2487-2514.

In order to evaluate whether workers are over- or under-insured through the Disability Insurance (DI) program, we develop a framework that allows us to simulate the benefits as well as the costs associated with marginal changes in payment generosity from a representative cross-sectional sample of the population. Under the assumption that individuals are reasonably risk averse, we find that the typical worker would value increased benefits somewhat above the average costs of providing them. However, whether the benefit increases tend to lower or raise utility when we average across all individuals in our sample is sensitive to assumptions that affect the relative marginal utility of income to disabled individuals. (C) 2003 Elsevier B.V. All rights reserved.

DOI:10.1016/j.jpubeco.2003.07.007 (Full Text)

Public Access Link

Browse | Search : All Pubs | Next