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Is a Penny Spent a Penny Earned? Comparing Predicted to Actual Disability Insurance Savings in the Ticket to Work Program
Author(s) -
Burns Alice
Publication year - 2013
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/j.1540-5850.2013.12020.x
Subject(s) - ticket , work (physics) , legislation , actuarial science , savings account , economics , business , public economics , finance , political science , engineering , computer science , mechanical engineering , computer security , law
This article compares Disability Insurance (DI) savings to those projected in the Congressional Budget Office cost estimate accompanying the Ticket to Work (TTW) authorizing legislation. Enacted with the goal of promoting employment among DI beneficiaries, TTW savings were close to predicted savings, but economic conditions reduced the impact. These findings suggest vocational rehabilitation policies need to incorporate strategies to address economic downtowns if they are to promote long‐term independence. This article highlights some of the challenges inherent to evaluations conducted without an experimental research design, while illustrating the potential of ex post analyses to assess whether expected savings materialize.