Disability shocks near retirement age and financial well-being.

Q3 Social Sciences
Social Security Bulletin Pub Date : 2013-01-01
Irena Dushi, Kalman Rupp
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引用次数: 0

Abstract

Using Health and Retirement Study data, we examine three groups of adults aged 51-56 in 1992 with different disability experiences over 8 years. Our analysis reveals three major findings. First, people who started and stayed nondisabled experienced stable financial security, with improvement in household wealth despite labor force withdrawal. Second, the newly disabled--people who started as nondisabled but suffered a disability shock--experienced increased poverty rates and decreased median incomes. Average earnings loss was the greatest for them, with public and private benefits replacing less than half of the loss, whereas increased public health insurance coverage alleviated reduced private health insurance coverage. The newly disabled experienced improvement in household wealth, although at a lower rate compared with those who stayed nondisabled. Third, people who started and stayed disabled were behind at the baseline and have fallen further behind on most measures, except for improvement in health insurance coverage.

临近退休年龄和经济状况的残疾冲击。
使用健康和退休研究的数据,我们检查了1992年51-56岁的三组成年人,他们在8年内有不同的残疾经历。我们的分析揭示了三个主要发现。首先,开始并保持非残疾状态的人经历了稳定的财务安全,尽管劳动力退出,但家庭财富有所改善。第二,新残疾人——一开始没有残疾,但遭受残疾冲击的人——贫困率上升,收入中位数下降。他们的平均收入损失最大,公共和私人福利弥补的损失不到一半,而公共健康保险覆盖面的扩大缓解了私人健康保险覆盖面的减少。新残疾人士的家庭财富有所增加,但增幅低于未残疾人士。第三,开始和保持残疾的人在基线上落后,并且在大多数措施上进一步落后,除了医疗保险覆盖面的改善。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Social Security Bulletin
Social Security Bulletin Social Sciences-Social Sciences (miscellaneous)
CiteScore
0.70
自引率
0.00%
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0
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