000			01317nam a22001577a 4500
999			_c518508 _d518508
008			210927b ||||| |||| 00| 0 eng d
100			_aDesphande, M., Gross, T. and Su, Y. _929575
245			_aDisability and distress: The effect of disability programs on financial outcomes
260			_aAmerican Economic Journal: Applied Economics
300			_a13(2), Apr, 2021: p.151-178
520			_aWhat is the relationship between disability programs and financial distress? We provide the first evidence on this relationship using several markers of financial distress: bankruptcy, foreclosure, eviction, and home sale. Rates of these adverse financial events peak around the time of disability application. Using variation induced by an age-based eligibility rule, we find that disability allowance reduces the likelihood of bankruptcy by 20 percent, foreclosure by 33 percent, and home sale by 15 percent. We present evidence that these changes reflect true reductions in financial distress. Considering these extreme events increases the optimal disability benefit amount and suggests a shorter optimal waiting time between application and benefit receipt. – Reproduced
650			_aDisability, Distress _929576
773			_aAmerican Economic Journal: Applied Economics
906			_aDISABLED
942			_cAR