全球智库信息集成服务系统(G2TT): The Financial Feasibility of Delaying Social Security: Evidence from Administrative Tax Data

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w21544
来源ID	Working Paper 21544
	The Financial Feasibility of Delaying Social Security: Evidence from Administrative Tax Data
	Gopi Shah Goda; Shanthi Ramnath; John B. Shoven; Sita Nataraj Slavov
发表日期	2015-09-14
出版年	2015
语种	英语
摘要	Despite the large and growing returns to deferring Social Security benefits, most individuals claim Social Security before the full retirement age, currently age 66. In this paper, we use a panel of administrative tax data on likely primary earners to explore some potential hypotheses of why individuals fail to delay claiming Social Security, including liquidity constraints and private information regarding one’s expected future lifetime. We find that approximately 31-34% of beneficiaries who claim prior to the full retirement age have assets in Individual Retirement Accounts (IRAs) that would fund at least 2 additional years of Social Security benefits, and 24-26% could fund at least 4 years of Social Security deferral with IRA assets alone. Our analysis suggests that these percentages would be considerably higher if other assets were taken into account. We find evidence that those who claim prior to the full retirement age have higher subjective and actual mortality rates than those who claim later, suggesting that private information about expected future lifetimes may influence claiming behavior.
主题	Microeconomics ; Households and Firms ; Public Economics ; Taxation ; National Fiscal Issues
URL	https://www.nber.org/papers/w21544
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/579219
推荐引用方式 GB/T 7714	Gopi Shah Goda,Shanthi Ramnath,John B. Shoven,et al. The Financial Feasibility of Delaying Social Security: Evidence from Administrative Tax Data. 2015.