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DC Field | Value | Language |
---|---|---|
dc.creator | Burkhauser, Richard V. | - |
dc.creator | Butler, J. S. | - |
dc.creator | Gumus, Gulcin | - |
dc.date | 2003 | - |
dc.date.accessioned | 2013-10-16T07:09:13Z | - |
dc.date.available | 2013-10-16T07:09:13Z | - |
dc.date.issued | 2013-10-16 | - |
dc.identifier | http://hdl.handle.net/10419/20178 | - |
dc.identifier | ppn:374503087 | - |
dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20178 | - |
dc.description | This paper develops dynamic structural models - an option value model and a dynamic programming model - of the Social Security Disability Insurance (SSDI) application timing decision. We estimate the time to application from the point at which a health condition first begins to affect the kind or amount of work that a currently employed person can do. We use Health and Retirement Study (HRS) and restricted access Social Security earnings data for estimation. Based on tests of both in-sample and out-of-sample predictive accuracy, our option value model performs better than both our dynamic programming model and our reduced form hazard model. | - |
dc.language | eng | - |
dc.publisher | - | |
dc.relation | IZA Discussion paper series 941 | - |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
dc.subject | H55 | - |
dc.subject | H31 | - |
dc.subject | ddc:330 | - |
dc.subject | Social Security Disability Insurance | - |
dc.subject | Health and Retirement Survey | - |
dc.subject | option value | - |
dc.subject | dynamic programming | - |
dc.subject | Erwerbsunfähigkeitsrente | - |
dc.subject | Altersgrenze | - |
dc.subject | Arbeitsangebot | - |
dc.subject | Dynamische Optimierung | - |
dc.subject | Realoption | - |
dc.subject | Schätzung | - |
dc.subject | Vereinigte Staaten | - |
dc.title | Option value and dynamic programming model estimates of social security disability insurance application timing | - |
dc.type | doc-type:workingPaper | - |
Appears in Collections: | EconStor |
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