The Financial Repercussions of New Work-Limiting Health Conditions for Older Workers.
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| Title: | The Financial Repercussions of New Work-Limiting Health Conditions for Older Workers. |
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| Authors: | Schimmel, Jody1 JSchimmel@Mathematica-Mpr.com, Stapleton, David C.2 |
| Source: | Inquiry (00469580). Summer2012, Vol. 49 Issue 2, p141-163. 23p. 5 Charts. |
| Subject Terms: | *Comparative studies, *Longitudinal method, *People with disabilities, *Government policy, *Data analysis, Age factors in disease, Employment of older people, Income, Disability insurance, Unemployment insurance, Poverty, Probability theory, Regression analysis, Research funding, Retirement, Social security, Workers' compensation, Secondary analysis, Descriptive statistics |
| Geographic Terms: | United States |
| Abstract: | This analysis used propensity score matching to construct a comparison sample that is observationally similar at baseline interview to older workers who later experience the onset of a medical condition that limits their ability to work. Using these matched onset and comparison samples, we studied trajectories in earnings and income around onset of the work limitation. Earnings two years after onset for the work-limitation group were 50% lower and poverty rates were nearly double. Income from unemployment insurance, workers' compensation, and retirement and disability benefits offset only a small amount of the earnings declines, resulting in decreased overall household income after onset of the work-limiting condition. [ABSTRACT FROM AUTHOR] |
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| Database: | Education Research Complete |
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