全球智库信息集成服务系统(G2TT): Will They Take the Money and Work? An Empirical Analysis of People's Willingness to Delay Claiming Social Security Benefits for a Lump Sum

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w20614
来源ID	Working Paper 20614
	Will They Take the Money and Work? An Empirical Analysis of People's Willingness to Delay Claiming Social Security Benefits for a Lump Sum
	Raimond Maurer; Olivia S. Mitchell; Ralph Rogalla; Tatjana Schimetschek
发表日期	2014-10-27
出版年	2014
语种	英语
摘要	This paper investigates whether exchanging the Social Security delayed retirement credit (currently paid as an increase in lifetime annuity benefits) for a lump sum would induce later claiming and additional work. We show that people would voluntarily claim about half a year later if the lump sum were paid for claiming any time after the Early Retirement Age, and about two-thirds of a year later if the lump sum were paid only for those claiming after their Full Retirement Age. Overall, people will work one-third to one-half of the additional months, compared to the status quo. Those who would currently claim at the youngest ages are likely to be most responsive to the offer of a lump sum benefit.
主题	Microeconomics ; Households and Firms ; Financial Economics ; Financial Institutions ; Public Economics ; National Fiscal Issues
URL	https://www.nber.org/papers/w20614
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/578288
推荐引用方式 GB/T 7714	Raimond Maurer,Olivia S. Mitchell,Ralph Rogalla,et al. Will They Take the Money and Work? An Empirical Analysis of People's Willingness to Delay Claiming Social Security Benefits for a Lump Sum. 2014.