New Findings from University of Calgary Describe Advances in Insurance (Designing Disability Insurance Reforms: Tightening Eligibility Rules or Reducing Benefits?): Insurance

2024 FEB 01 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- Current study results on Insurance have been published. According to news originating from Calgary, Canada, by NewsRx correspondents, research stated, “This paper develops a sufficient statistics framework for analyzing the welfare effects of disability insurance (DI).”

Financial support for this research came from U.S. Social Security Administration.

Our news journalists obtained a quote from the research from the University of Calgary, “We derive social-optimality conditions for the two main DI policy parameters: (i) eligibility rules and (ii) benefit levels. Applying this framework to two restrictive DI reforms in Austria, we find that tighter DI eligibility rules triggered higher fiscal cost savings and lower insurance losses.”

According to the news editors, the research concluded: “Hence, tighter DI eligibility rules dominate DI benefit reductions in scaling back the Austrian DI system.”

This research has been peer-reviewed.

For more information on this research see: Designing Disability Insurance Reforms: Tightening Eligibility Rules or Reducing Benefits? Econometrica, 2024;92(1):79-110. Econometrica can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Econometrica - http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1468-0262)

The news correspondents report that additional information may be obtained from Stefan Staubli, University of Calgary, Dept. of Economics, CEPR, IZA, Calgary, Ab, Canada. Additional authors for this research include Andreas Haller and Josef Zweimueller.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.3982/ECTA19021. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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