Designing optimal disability insurance: A case for asset testing

Journal of Political Economy

Volumn 114, Issue 2, 2006, Pages 257-279

  Golosov, Mikhail ^a,b   Tsyvinski, Aleh ^b,c  

^a MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

^c HARVARD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

DISABILITY; INSURANCE SYSTEM; OPTIMIZATION; WELFARE ECONOMICS;

EID: 33646441024     PISSN: 00223808     EISSN: None     Source Type: Journal    
DOI: 10.1086/500549     Document Type: Article

References (25)

1. Abraham, Arpad, and Nicola Pavoni. 2003. "Efficient Allocations with Moral Hazard and Hidden Borrowing and Lending." Working paper, Univ. Coll. London.
2. Albanesi, Stefania, and Christopher Sleet. 2006. "Dynamic Optimal Taxation with Private Information." Rev. Econ. Studies 73 (January): 1-30.
3. Armstrong, Mark, and Jean-Charles Rochet. 1999. "Multi-dimensional Screening. A User's Guide." European Econ. Rev. 43 (April): 959-79.
4. Benitez-Silva, Hugo, Moshe Buchinsky, Hiu Man Chan, Sofia Cheidvasser, and John Rust. 2000. "How Large Is the Bias in Self-Reported Disability?" Working Paper no. 7526 (February), NBER, Cambridge, MA.
5. Benitez-Silva, Hugo, Moshe Buchinsky, and John Rust. 2004. "How Large Are the Classification Errors in the Social Security Disability Award Process?" Working Paper no. 10219 (January), NBER, Cambridge, MA.
6. Bound, John, and Richard V Burkhauser. 1999. "Economic Analysis of Transfer Programs Targeted on People with Disabilities." In Handbook of Labor Economics, vol. 3C, edited by Orley Ashenfelter and David Card. Amsterdam: North-Holland.
7. Chari, V. V., and Patrick J. Kehoe. 1999. "Optimal Fiscal and Monetary Policy." In Handbook of Macroeconomics, vol. 1C, edited byJohn B. Taylor and Michael Woodford. Amsterdam: North-Holland.
8. Diamond, Peter A., and James A. Mirrlees. 1978. "A Model of Social Insurance with Variable Retirement." J. Public Econ. 10 (December): 295-336.
9. Diamond, Peter A., and James A. Mirrlees. 1986. "Payroll-Tax Financed Social Insurance with Variable Retirement." Scandinavian J. Econ. 88 (1): 25-50.
10. Diamond, Peter A., and James A. Mirrlees. 1995. "Social Insurance with Variable Retirement and Private Saving." Manuscript, Massachusetts Inst. Tech.
11. Golosov, Mikhail, Narayana R. Kocherlakota, and Aleh Tsyvinski. 2003. "Optimal Indirect and Capital Taxation." Rev. Econ. Studies 70 (July): 569-87.
12. Golosov, Mikhail, and Aleh Tsyvinski. 2005a "Optimal Taxation with Endogenous Insurance Markets." Working Paper no. 11185 (March), NBER, Cambridge, MA.
13. Golosov, Mikhail, and Aleh Tsyvinski. 2005b. "Supplement to Designing Optimal Disability Insurance." Manuscript, Harvard Univ.
14. Hopenhayn, Hugo A., and Juan Pablo Nicolini. 1997. "Optimal Unemployment Insurance." J.P.E. 105 (April): 412-38.
15. Kocherlakota, Narayana R. 2004. "Figuring Out the Impact of Hidden Savings on Optimal Unemployment Insurance." Rev. Econ. Dynamics 7 (July): 541-54.
16. Kocherlakota, Narayana R.. 2005. "Zero Expected Wealth Taxes: A Mirrlees Approach to Dynamic Optimal Taxation." Econometrica 73 (September): 1587-1621.
17. McNeil, John M. 1997. Americans with Disabilities: 1994-95. Current Population Reports, Household Economic Studies P70, no. 61. Washington, DC: U.S. Dept Commerce, Bur. Census.
18. Mirrlees, James A. 1976. "Optimal Tax Theory- A Synthesis." J. Public Econ. 6 (November): 327-58.
19. Mulligan, Casey B., and Xavier Sala-i-Martin. 1999. "Social Security in Theory and Practice (II): Efficiency Theories, Narrative Theories, and Implications for Reform." Working Paper no. 7119 (May), NBER, Cambridge, MA.
20. Rios-Rull, José-Víctor. 1996. "Life-Cycle Economies and Aggregate Fluctuations." Rev. Econ. Studies 63 (July): 465-89.
21. SSA (U.S. Social Security Administration). 2000. Social Security Bulletin: Annual Statistical Supplement. Washington, DC: Soc. Security Admin.
22. SSA (U.S. Social Security Administration). 2001. Social Security Bulletin: Annual Statistical Supplement. Washington, DC: Soc. Security Admin.
23. Stoddard, Susan, L. Jans, J. Ripple, and Lewis E. Kraus. 1998. Chartbook on Work and Disability in the United States, 1998. An InfoUse Report. Washington, DC: Inst. Disability and Rehabilitation Res.
24. Wang, Cheng, and Stephen D. Williamson. 1996. "Unemployment Insurance with Moral Hazard in a Dynamic Economy." Carnegie-Rochester Conf. Ser. Public Policy 44 (June): 1-41.
25. Werning, Ivan. 2001. "Optimal Unemployment Insurance with Hidden Savings." Manuscript, Univ. Chicago.