Disability Shocks Near Retirement Age and Financial Well-Being
“Using Health and Retirement Study data, we examine three groups of adults aged 51–56 in 1992 with different disability experiences over 8 years. Our analysis reveals three major findings. First, people who started and stayed nondisabled experienced stable financial security, with improvement in household wealth despite labor force withdrawal. Second, the newly disabled—people who started as nondisabled …