Wednesday, January 14, 2015

Saving and Retirement Foundation: “Growth in New Disabled-Workers Entitlements, 1970-2008”

Join us Thursday, January 22nd  for a luncheon discussion with Hillary Waldron and David Pattison on "Growth in New Disabled-Workers Entitlements, 1970-2008". RSVP Below.

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Join us on Thursday, January 22nd
with Hillary Waldron and David Pattison of the Social Security Administration discussing 
Growth in New Disabled-Workers Entitlements, 1970-2008

Thursday, January 22
Noon - 1:00 p.m.
When you RSVP please provide your name, title, company, email and phone 
number.  This information is needed in order to enter the building. 
Wells Fargo
1750 H Street, NW
5th Floor
Washington, D.C. 20006

(Lunch will be provided)
This is a widely attended event.

We find that three factors (1) population growth (2) the growth in the proportion of women insured for disability,and (3) the movement of the large baby boom generation into disability-prone ages—explain 90 percent of the growth in new disabled-worker entitlements over the 36-year subperiod (1972-2008). The remaining 10 percent is the part attributable to the disability “incidence rate.” Looking at the two subperiods (1972–1990 and 1990–2008), unadjusted measures appear to show faster growth in the incidence rate in the later period than in the earlier one. This apparent speedup disappears once we account for the changing demographic structure of the insured population. Although the adjusted growth in the incidence rate accounts for 17 percent of the growth in disability entitlements in the earlier subperiod, it accounts for only 6 percent of the growth in the more recent half. Demographic factors explain the remaining 94 percent of growth over the 1990–2008 period.

1 comment:

WilliamLarsen said...

It certainly amazes me that someone is looking at trends and finding some correlations in SS-DI from 1970.

As an engineer I kept track of data from thousands of parts a day going into hundreds of products looking for a trend deviation on a daily basis. 1970 was over 44 years ago. A bit late to report on this.