This paper develops dynamic structural models - an option value model and a dynamic programming model - of the Social Security Disability Insurance (SSDI) application timing decision. We estimate the time to application from the point at which a health condition first begins to affect the kind...

Using kernel density estimation we find that over the 1990s business cycles in the United States and Great Britain the entire distribution of after-tax (disposable) income moved to the right while inequality declined. In contrast, Germany and Japan experienced less growth, a rise in inequality,...

This paper uses kernel density estimation to show how after-tax household size-adjusted income changed between the peak years of the 1990s business cycle in Germany, Great Britain, Japan, and the United States. Great Britain and the United States experienced substantial growth in average income,...

The U.S. disability system is failing--growing at an unsustainable pace for taxpayers and delivering relatively poor outcomes to those with disabilities.