Great recession and disability insurance in Spain

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<title>Great recession and disability insurance in Spain</title>
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<namePart>Jiménez-Martín, Sergi</namePart>
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<namePart>Juanmarti Mestres, Arnau</namePart>
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<namePart>Vall Castelló, Judit</namePart>
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<namePart>Universidad Pompeu Fabra</namePart>
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<place>
<placeTerm type="code" authority="marccountry">esp</placeTerm>
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<issuance>monographic</issuance>
<place>
<placeTerm type="text">Barcelona</placeTerm>
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<publisher>Universitat Pompeu Fabra [etc.]</publisher>
<dateIssued>2016</dateIssued>
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<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
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<abstract displayLabel="Summary">In 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.</abstract>
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<note type="statement of responsibility">Sergi Jiménez-Martín, Arnau Juanmarti Mestres, Judit Vall Castelló</note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080562144">
<topic>Discapacidad</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20090040410">
<topic>Recesión económica</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586300">
<topic>Mercado de trabajo</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080593407">
<topic>Seguro de invalidez</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080637736">
<geographic>España</geographic>
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<classification authority="">43</classification>
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<titleInfo>
<title>Documento de Trabajo</title>
<partNumber>2017/08</partNumber>
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<title>Documento de trabajo</title>
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<recordIdentifier source="MAP">MAP20170020400</recordIdentifier>
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<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
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