2005-06-05 papers

on Insurance Economics

Issue of 2005–06–05
one paper chosen by
Soumitra K. Mallick, Indian Institute of Social Welfare and Business Management

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

Health, Wealth and Workforce Exit: Disability Insurance and Individual Accounts

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
URL:	https://d.repec.org/n?u=RePEc:upj:weupjo:05-116

This issue is ©2005 by Soumitra K. Mallick. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.

General information on the NEP project can be found at https://nep.repec.org. For comments please write to the director of NEP, Marco Novarese at <director@nep.repec.org>. Put “NEP” in the subject, otherwise your mail may be rejected.

NEP’s infrastructure is sponsored by the Griffith Business School of Griffith University in Australia.