Social insurance programs increase time spent out of work, study finds.
The article explores how social insurance programs impact people's decision to work. It shows that programs like unemployment insurance and workers' compensation can lead to longer periods of time out of work. These effects are stronger than changes in wages or taxes on hours worked. Disability insurance and social security retirement have smaller effects on labor supply. Different social insurance programs affect work decisions in different ways, so it's important to consider these differences when studying their impact on people's work choices.