Sunday, September 29, 2013

A Paragraph to Ponder

From the Free Exchange column of the September 28, 2013 Economist - The Mission Millions:

"Between 2007 and 2012 the number of applicants for DI [disability insurance] shot up from 11.2 per 1,000 working-age people to 14.  Unpublished research by Mary Daly of the San Francisco Fed, Richard Burkhauser of Cornell University and Brian Lucking, a graduate student, estimates that this rise in applications equates to 2.6 m people.  Depending on how many of those applications are eventually awarded benefits, this could explain between 31% and 59% of the decline in participation among 16-to-64-year olds."

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