John Bound And Waidmann Summary

In “Disability Transfers, Self-Reported Health, and the Labor Force Attachment of Older Men: Evidence from the Historical Record,” by John Bound and Tim Waidmann contains several correlations and causations. One of the correlations that Bound and Waidmann articulate that the earlier accommodation of the Social Security Disability Insurance program caused decreases in the labor force. Bound and Waidmann demonstrate this correlation by creating a table that covers the years from 1950 to 1985 that show expenditures on disability benefits as a percent of gross national product. The liberalization of standards to gain disability benefits shows an increase from 1950 to 1980. However, the standards began to be made tighter starting from 1975 to 1985, thus slowing down the rise in expenditures on disability

One of the causations shown by the authors explain that advances in medicine and personal habits could have increased awareness of how crucial early detection is. Thus, justifying why some men left the labor force. Bound and Waidmann argue that mortality rates for older men began to drop during the 1970s. The authors calculate the fraction of the population that would not have been alive if they faced the mortality rates of their predecessors. Using standard life table methods and compared the decades the authors concluded that through improvements in mortality increased those who are disability by 0.66, which transpired between 1970 and 1980. If I were to test out a hypothesis related to the research conducted by Bound and Waidmann, I would focus on expenditures on the Veteran’s disability programs and the other various disability expenditures. I want to know if the increases by civilian workers minimizes the monetary support for veterans. It would be crucial to understand why veteran disability programs see a decrease in funding while other disability programs see in an increase in funding from 1950 to