The Financial Repercussions of New Work-Limiting Health Conditions for Older Workers
Open Access
- 1 May 2012
- journal article
- research article
- Published by SAGE Publications in INQUIRY: The Journal of Health Care Organization, Provision, and Financing
- Vol. 49 (2), 141-163
- https://doi.org/10.5034/inquiryjrnl_49.02.04
Abstract
This analysis used propensity score matching to construct a comparison sample that is observationally similar at baseline interview to older workers who later experience the onset of a medical condition that limits their ability to work. Using these matched onset and comparison samples, we studied trajectories in earnings and income around onset of the work limitation. Earnings two years after onset for the work-limitation group were 50% lower and poverty rates were nearly double. Income from unemployment insurance, workers' compensation, and retirement and disability benefits offset only a small amount of the earnings declines, resulting in decreased overall household income after onset of the work-limiting condition.Keywords
This publication has 20 references indexed in Scilit:
- The Social Security Early Retirement Benefit as Safety NetSSRN Electronic Journal, 2010
- Household IncomePublished by W.E. Upjohn Institute for Employment Research ,2009
- PovertyPublished by W.E. Upjohn Institute for Employment Research ,2009
- How Household Portfolios Evolve After Retirement: The Effect of Aging and Health ShocksPublished by National Bureau of Economic Research ,2006
- Health Shocks and Couples' Labor Supply DecisionsPublished by National Bureau of Economic Research ,2004
- How Large are the Classification Errors in the Social Security Disability Award Process?Published by National Bureau of Economic Research ,2004
- The Longitudinal Structure of Earnings Losses among Work-Limited Disabled WorkersThe Journal of Human Resources, 2003
- Causal Effects in Nonexperimental Studies: Reevaluating the Evaluation of Training ProgramsJournal of the American Statistical Association, 1999
- The dynamic effects of health on the labor force transitions of older workersLabour Economics, 1999
- Self-Reported Versus Objective Measures of Health in Retirement ModelsThe Journal of Human Resources, 1991