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Great recession and disability insurance in Spain

Recurso electrónico / Electronic resource
MARC record
Tag12Value
LDR  00000cam a22000004b 4500
001  MAP20170020400
003  MAP
005  20170621133005.0
008  170619s2016 esp |||fs 000 u eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎43
1001 ‎$0‎MAPA20080284961‎$a‎Jiménez-Martín, Sergi
24500‎$a‎Great recession and disability insurance in Spain‎$c‎Sergi Jiménez-Martín, Arnau Juanmarti Mestres, Judit Vall Castelló
260  ‎$a‎Barcelona‎$b‎Universitat Pompeu Fabra [etc.]‎$c‎2016
300  ‎$a‎24 p
4900 ‎$a‎Documento de Trabajo‎$v‎2017/08
520  ‎$a‎In 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.
650 4‎$0‎MAPA20080562144‎$a‎Discapacidad
650 4‎$0‎MAPA20090040410‎$a‎Recesión económica
650 4‎$0‎MAPA20080586300‎$a‎Mercado de trabajo
650 4‎$0‎MAPA20080593407‎$a‎Seguro de invalidez
651 1‎$0‎MAPA20080637736‎$a‎España
7001 ‎$0‎MAPA20170007777‎$a‎Juanmarti Mestres, Arnau
7001 ‎$0‎MAPA20170007784‎$a‎Vall Castelló, Judit
7102 ‎$0‎MAPA20080464035‎$a‎Fundación de Estudios de Economía Aplicada
7102 ‎$0‎MAPA20080643782‎$a‎Universidad Pompeu Fabra
830 0‎$0‎MAPA20080514709‎$a‎Documento de trabajo