Wednesday, October 30, 2024

Proof from SSI State Dietary supplements – Heart for Retirement Analysis

Summary

This paper examines how variations in Supplemental Safety Revenue (SSI) generosity, pushed by variations in state SSI dietary supplements, have an effect on individuals’s interplay with this system.  This paper makes use of county-level administrative information on SSI recipiency charges, in addition to county-level information on SSI software charges, SSI award charges, group particular employment charges, earnings, and migration charges to grasp how SSI profit generosity impacts participation in this system in addition to flows into and out of this system.  To determine the causal impact of SSI generosity on program participation, this paper makes use of a border discontinuity design and exploits variations over time within the most profit ranges between neighboring counties.

The paper discovered that:

  • For a $100 improve in most SSI month-to-month advantages, SSI enrollment charges improve by 0.32 share factors, or almost 12 p.c.
  • The rise in enrollment is concentrated amongst all recipients 65 and older.
  • The change in enrollment just isn’t pushed by adjustments in functions or awards, however appears to be pushed by adjustments in eligibility on account of adjustments in employment habits.
  • SSI enrollment responses are solely noticed after the massive, salient decline in state SSI dietary supplements in California between Might 2009 and October 2009.  In any other case, there isn’t a noticed response to SSI generosity.

The coverage implications of the findings are:

  • Small adjustments in SSI generosity don’t appear to considerably change SSI software or recipiency charges.
  • It’s attainable that giant, salient decreases in SSI advantages have an effect on enrollment ranges, however this could possibly be one thing particular to the California setting.
  • It’s unlikely that the decline in SSI functions and enrollment because the early 2010s is pushed by decreases inthe actual worth of SSI advantages.

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