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. Author manuscript; available in PMC: 2019 Oct 1.
Published in final edited form as: Labour Econ. 2018 Aug 13;54:116–134. doi: 10.1016/j.labeco.2018.08.001

Table 12:

Calibration Targets (Data vs. Model)

Moment Data Model
Annual Transition Flows Pre-ADA
    Disabled: Employment to Non-employment 16.5% 16.9%
    Disabled: Non-employment to Employment 6.3% 5.9%
    Non-Disabled: Employment to Non-employment 8.6% 9.0%
    Non-Disabled: Non-employment to Employment 33.7% 33.7%
Wage Ratio (Non-Disabled to Disabled) 1.54 1.54
Difference between Post-ADA and Pre-ADA Outcomes
    Disabled: Employment to Non-employment —3.7pp (2.1) — 3.4pp
    Disabled: Non-employment to Employment —5.0pp (5.0) — 4.3pp
    Non-Disabled: Employment to Non-employment 0.1pp (0.3) 0.1pp
    Non-Disabled: Non-employment to Employment —3.0pp (1.9) —3.2pp

Note: Table 12 reports calibration targets and their values from the model. See the discussion in the text for detailed information on the targets.