TY  - JOUR
AU  - Coile, Courtney
TI  - Disability Insurance Incentives and the Retirement Decision: Evidence from the U.S.
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 20916
PY  - 2015
Y2  - January 2015
DO  - 10.3386/w20916
UR  - http://www.nber.org/papers/w20916
L1  - http://www.nber.org/papers/w20916.pdf
N1  - Author contact info:
Courtney Coile
Department of Economics
Wellesley College
106 Central Street
Wellesley, MA  02481
Tel: 781/283-2408
Fax: 781/283-2177
E-Mail: ccoile@wellesley.edu
M1  - published as Courtney Coile. "Disability Insurance Incentives and the Retirement Decision: Evidence from the United States," in David A. Wise, editor, "Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement" University of Chicago Press (2016)

M3  - presented at "International Social Security", September 26-28, 2013
AB  - A rising share of older workers in the U.S. make use of the Disability Insurance (DI) program in their transition to retirement, with about one in seven men and one in nine women ages 60 to 64 now enrolled in the program.  This study explores how financial incentives from Social Security and DI affect retirement decisions, using an option value approach.  We find that financial incentives have a significant effect on retirement, particularly for those in poor health or with low education, who may be more actively considering retirement at younger ages.  Simulations suggest that increasing the stringency of the screening process for DI would increase the expected working life of DI applicants.
ER  -