How Big Should the U.S.'s Disability Insurance Program Be?
December 10, 2015
What are some of the additional benefits of disability insurance beyond the immediate payouts to people who can’t work? And how big should the program be? In this video, Economist David Wiczer explains that disability insurance benefits everyone by providing incentives to do jobs that few people want to do, due to the risk involved. He also discusses his research on what the optimal size of the U.S.’s disability insurance program would be.
Additional Resources
- Working Paper: Occupational Hazards and Social Disability Insurance
- Timely Topics: Disability Insurance
- On the Economy: What Drives People to Work in Risky Occupations?
This blog offers commentary, analysis and data from our economists and experts. Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.
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