Effectiveness of the Offset for Beneficiaries Most Motivated to Work: Short-Run Results from Bond's Stage 2 Experiment
*Names in bold indicate Presenter
This study presents the effects of the offset—with and without enhanced work incentives counseling—compared to current law over the first two years of the demonstration, including impacts on employment, earnings, and benefits received for all volunteers and for subsets defined by length of benefit receipt. First, the paper contrasts the background characteristics of volunteers with the population of all SSDI beneficiaries. Next, the paper describes the uptake of enhanced work incentive counseling, a distinctive feature of BOND Stage 2. Finally, findings show small but statistically significant increases in earnings over the short run. The study concludes with lessons learned regarding implementation of a BOND-style intervention and a preview of the long-run research agenda for the Stage 2 experiment, which will include a more in-depth examination of offset utilization and counselling, as well as a social benefit-cost analysis of this policy strategy.