responding to changes in their financial incentives to work. Taken together, our results suggest that the fiscal strengthening …

can be explained by the availability of publicly-funded disability insurance and the financial incentives provided by … affected by financial incentives. A one standard deviation change in the option value is estimated to reduce the likelihood of … exit probability of 9.4%. This suggests the variation in financial incentives across different individuals could explain a …

can be explained by the availability of publicly-funded disability insurance and the financial incentives provided by … affected by financial incentives. A one standard deviation change in the option value is estimated to reduce the likelihood of … exit probability of 9.4%. This suggests the variation in financial incentives across different individuals could explain a …

then more/less than they would deserve. This unfairness can only be mitigated by dampened incentives …

through disability. In general, the low generosity of out-of-work benefits means that positive incentives to work exist for … almost all benefit recipients, but weak work incentives exist for those receive Housing Benefit, and for primary earners in … couples who have low earnings. Recent reforms to strengthen work incentives have altered the in-work tax credits, rather than …