Disability Insurance Incentives and the Retirement Decision: Evidence from the United States

TitleDisability Insurance Incentives and the Retirement Decision: Evidence from the United States
Publication TypeBook Chapter
Year of Publication2016
AuthorsCoile, C
EditorWise, DA
Book TitleSocial Security Programs and Retirement Around the World: Disability INsurance Programs and Retirement
Pagination45-80
PublisherChicago University Press
CityChicago
KeywordsEmployment and Labor Force, Insurance, Older Adults, Public Policy, Retirement Planning and Satisfaction
Abstract

Public programs that benefit older individuals, such as Social Security and Medicare, may be changed in the future in ways that reflect an expectation of longer work lives. But do older Americans have the health capacity to work longer? This paper explores this question by asking how much older individuals could work if they worked as much as those with the same mortality rate in the past or as much as their younger counterparts in similar health. Using both methods, we estimate that there is significant additional capacity to work at older ages. We also explore whether there are differences in health capacity across education groups and whether health has improved more over time for the highly educated, using education quartiles to surmount the challenge of changing levels of education over time.

Short TitleDisability Insurance Incentives and the Retirement Decision: Evidence from the United States
Citation Key5264