Great recession and disability insurance in Spain

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<dc:creator>Jiménez-Martín, Sergi</dc:creator>
<dc:creator>Juanmarti Mestres, Arnau</dc:creator>
<dc:creator>Vall Castelló, Judit</dc:creator>
<dc:creator>Fundación de Estudios de Economía Aplicada</dc:creator>
<dc:creator>Universidad Pompeu Fabra</dc:creator>
<dc:date>2016</dc:date>
<dc:description xml:lang="es">Sumario: 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.</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/160789.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:publisher>Universitat Pompeu Fabra [etc.]</dc:publisher>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Discapacidad</dc:subject>
<dc:subject xml:lang="es">Recesión económica</dc:subject>
<dc:subject xml:lang="es">Mercado de trabajo</dc:subject>
<dc:subject xml:lang="es">Seguro de invalidez</dc:subject>
<dc:subject xml:lang="es">España</dc:subject>
<dc:type xml:lang="es">Libros</dc:type>
<dc:title xml:lang="es">Great recession and disability insurance in Spain</dc:title>
<dc:format xml:lang="es">24 p</dc:format>
<dc:relation xml:lang="es">Documento de trabajo</dc:relation>
<dc:coverage xml:lang="es">España</dc:coverage>
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