The Center for Retirement Research at Boston College has released a new Issue in Brief:
Why Do State Disability Application Rates Vary Over Time? by Norma B. Coe, Kelly Haverstick, Alicia H. Munnell, and Anthony Webb
The brief’s key findings are:
- Application rates for federal Disability Insurance (DI) have risen since the late-1990s.
- The economy is a key driver: rising unemployment and declining labor force participation lead to higher DI application rates.
- Interestingly, states with strict health insurance regulations have lower application rates, a finding that merits further exploration.
The brief is available here.