Great Recession and disability insurance in Spain
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- dc.contributor.author Jiménez-Martín, Sergica
- dc.contributor.author Juanmartí Mestres, Arnauca
- dc.contributor.author Vall-Castelló, Juditca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T10:50:35Z
- dc.date.available 2017-07-26T10:50:35Z
- dc.date.issued 2016-10-01
- dc.date.modified 2017-07-23T02:17:29Z
- dc.description.abstract In this paper, we exploit the strong incidence of the Great Recession in Spain to estimate the effect of economic conditions on participation in Disability Insurance (DI). Using individual panel data, we show that increases in the local unemployment rate are associated with a reduction in the individual probability to enter the DI program during the Great Recession in Spain. Using aggregate data on applications, we show that this procyclical behavior of DI awards comes from an increase in the proportion of applications that are denied. Thus, contrary to the previous literature that has extensively reported a countercyclical behavior of DI participation, our results provide new evidence that, in periods of extremely recessionary conditions, DI participation may turn procyclical.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1519
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/26838
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1519
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword disability
- dc.subject.keyword great recession
- dc.subject.keyword labour market transitions
- dc.subject.keyword Labour, Public, Development and Health Economics
- dc.subject.keyword Statistics, Econometrics and Quantitative Methods
- dc.title Great Recession and disability insurance in Spainca
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper