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The belief that minimum-wage legislation helps the working poor is one reason for its continued popular support. The authors track the household incomes of low-wage workers and find that a radical transformation has occurred in the half century since the passage of the original minimum-wage law....
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Changes in public policy and in macroeconomic conditions have dramatically affected the economic well-being of people with disabilities over the past two decades, both absolutely and relative to people without disabilities. Using data from the Current Population Survey (1968-1988), we find that...
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Recent trends toward earlier retirement threaten future supplies of labor and the financial stability of many of our public and private pension systems. One of the few federal efforts now in place to reverse this trend has been the 1977 law outlawing mandatory retirement before age 70 for most...
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SSI was established in 1972, born out of a compromise at the time between those wanting to provide a guaranteed income floor and those wishing to limit it to individuals not expected to work: the aged, blind, and disabled. SSI is now the largest federal means-tested program in the United States,...
Persistent link: https://www.econbiz.de/10010702157
In general, our examination suggests that in the absence of a universal guaranteed income program for all Americans, the operational flexibility of the categorical eligibility criteria for SSI has made the program sensitive to both downturns in the business cycle and to increases in the pool of...
Persistent link: https://www.econbiz.de/10010702174
Two factors are likely to cause the debate surrounding disability policy to intensify over the next decade. First, the protracted period of economic growth that the United States has experienced since 1992 cannot last forever. And, applications for DI and SSI are sensitive to the business cycle....
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