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Lifecycle Events and Their ConsequencesJob Loss, Family Change, and Declines in Health$
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Lifecycle Events and Their Consequences: Job Loss, Family Change, and Declines in Health

Kenneth A. Couch, Mary C. Daly, and Julie M. Zissimopoulos

Print publication date: 2013

Print ISBN-13: 9780804785853

Published to Stanford Scholarship Online: January 2014

DOI: 10.11126/stanford/9780804785853.001.0001

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The Economic Consequences of Disability Evidence from the PSID

The Economic Consequences of Disability Evidence from the PSID

Chapter:
(p.240) Chapter Thirteen The Economic Consequences of Disability Evidence from the PSID
Source:
Lifecycle Events and Their Consequences
Author(s):

Bruce D. Meyer

Wallace K. C. Mok

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804785853.003.0013

This chapter examines the incidence of disability among working-age men and the impact it has on income and benefit receipt. The results reveal that about 30 percent of men in the United States experience some form of disability and that the economic consequences are similar to those experienced by displaced workers—substantially lower earnings and income. For those who report chronic, severe disabilities, the costs are especially large and are not offset by increased income from other sources. Thus, disability comes with economic costs for the individual that are not offset by either government or family support.

Keywords:   disability incidence, earnings, income, public benefits

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