| 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 |
|