Why Does Disability Increase During Recessions? Evidence from Medicare

We thank Manasi Deshpande, Anne Fitzpatrick, Tal Gross, Megan Hyland, Amanda Kowalski, Ethan Lieber, Tim Moore, David Powell, Gopi Shah Goda, and seminar participants at the American Society for Health Economics Annual Conference, Columbia University, DePaul University, the Hoover Institution at Stanford University, the Mid-Midwest Applied Microeconomics Workshop, the Midwest Health Economics Conference, the National Bureau of Economic Research (NBER) Public Economics and Aging meetings, New York University, Northwestern University, Princeton University, the US Social Security Administration (SSA), the University of Chicago, the University of Illinois at Chicago, the University of Michigan, the University of Wisconsin–Madison, and Tsinghua University for helpful comments. Research reported in this paper was supported by the National Institute on Aging of the National Institutes of Health (NIH) under award number P01AG005842 and was performed pursuant to grant RDR18000003 from the SSA funded as part of the Retirement and Disability Research Consortium. The opinions and conclusions expressed are solely those of the authors and do not represent the opinions or policies of the National Bureau of Economic Research, NIH, SSA, or any agency of the federal government.

• April 26, 2022