nep-ias New Economics Papers
on Insurance Economics
Issue of 2005‒06‒05
one paper chosen by
Soumitra K Mallick
Indian Institute of Social Welfare and Bussiness Management

  1. Health, Wealth and Workforce Exit: Disability Insurance and Individual Accounts By Jason S. Seligman

  1. By: Jason S. Seligman (University of Georgia)
    Abstract: Current debate on the Social Security Administrations 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
    Date: 2005–05

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