Great Recession and disability insurance in Spain

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• dc.contributor.author Jimenez-Martin, Sergi
• dc.contributor.author Juanmartí Mestres, Arnau
• dc.contributor.author Vall-Castelló, Judit
• dc.date.accessioned 2025-01-22T11:03:03Z
• dc.date.available 2025-01-22T11:03:03Z
• dc.date.issued 2019
• dc.description.abstract In this paper, we explore the relationship between economic conditions and disability insurance (DI) participation in Spain during the Great Recession. Using individual-level longitudinal data, we show that DI awards are procyclical, contrary to the countercyclical behavior found in most of the previous literature. We show that DI applications are not responsive to the business cycle and that economic conditions have no effect on the composition of new DI awardees, suggesting that DI participation in Spain is not driven by partially disabled individuals resorting to the DI program as a result of bad labor market conditions. Furthermore, we argue that the procyclical behavior of DI awards may be driven by an informal increase in screening stringency and by an improvement in the health status of the population as a result of worse economic conditions.
• dc.description.sponsorship We gratefully acknowledge financial support from Recercaixa for the 2014 project “Promoting the labour market integration of disabled workers: A policy evaluation exercise for Spain” and from the Spanish Ministry of Economy Grant ECO2014-52238-R. We thank participants at the XXXV Spanish Health Economics Congress held in 2015 in Granada, the CRES-UPF seminar series and the 2015 “Health at Work” workshop held at Université Paris-Dauphine for valuable comments.
• dc.format.mimetype application/pdf
• dc.identifier.citation Jiménez-Martín S, Juanmarti Mestres A, Vall Castelló J. Great Recession and disability insurance in Spain. Empir Econ. 2019;56:1623-45. DOI: 10.1007/s00181-017-1396-1
• dc.identifier.doi http://dx.doi.org/10.1007/s00181-017-1396-1
• dc.identifier.issn 0377-7332
• dc.identifier.uri http://hdl.handle.net/10230/69241
• dc.language.iso eng
• dc.publisher Springer
• dc.relation.ispartof Empirical Economics. 2019;56:1623-45
• dc.relation.projectID info:eu-repo/grantAgreement/ES/1PE/ECO2014-52238-R
• dc.rights This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: http://dx.doi.org/10.1007/s00181-017-1396-1.
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.subject.keyword Disability insurance
• dc.subject.keyword Business cycle
• dc.subject.keyword Great Recession
• dc.subject.keyword Procyclical health
• dc.title Great Recession and disability insurance in Spain
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/acceptedVersion