全球智库信息集成服务系统(G2TT): Does the Actuarial Adjustment for Pension Delay Affect Retirement and Claiming Decisions?

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来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27508
来源ID	Working Paper 27508
	Does the Actuarial Adjustment for Pension Delay Affect Retirement and Claiming Decisions?
	Devon Gorry; Kyung Min Lee; Sita Slavov
发表日期	2020-07-13
出版年	2020
语种	英语
摘要	We investigate the impact of more generous terms for delaying state pensions on claiming and labor supply in the United Kingdom using a 2005 policy change. First, we find that the more generous delay terms reduced the fraction of males receiving pensions at the earliest eligibility age and shortly after. While there are also post-policy changes in women’s claiming behavior, further investigation reveals that these changes do not coincide with the start of the policy and are therefore less likely to be causal effects. Second, we find post-policy increases in labor supply around the earliest pension eligibility age, followed by post-policy decreases in labor supply at older ages. While these labor supply changes cannot easily be separated from longer-term trends, they are consistent with some individuals choosing to work longer to finance pension delay, followed by some individuals retiring earlier due to the income effect from more generous pension benefits. Finally, we find that among individuals who delayed pensions for up to 5 years, about 3 percent of individuals took their gains from delay as lump sums, an option made available under the policy changes.
主题	Public Economics ; National Fiscal Issues ; Labor Economics ; Labor Supply and Demand
URL	https://www.nber.org/papers/w27508
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/585182
推荐引用方式 GB/T 7714	Devon Gorry,Kyung Min Lee,Sita Slavov. Does the Actuarial Adjustment for Pension Delay Affect Retirement and Claiming Decisions?. 2020.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w27508.pdf（566KB）	智库出版物		限制开放	CC BY-NC-SA	浏览