Two decades of Social Security claiming
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| Publicado en: | Journal of Pension Economics & Finance vol. 24, no. 1 (Jan 2025), p. 31-47 |
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| Autor principal: | |
| Publicado: |
Cambridge University Press
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| Materias: | |
| Acceso en línea: | Citation/Abstract Full Text + Graphics Full Text - PDF |
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MARC
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| 100 | 1 | |a Slavov, Sita Nataraj |u Schar School of Policy and Government, George Mason University and NBER, Arlington, USA | |
| 245 | 1 | |a Two decades of Social Security claiming | |
| 260 | |b Cambridge University Press |c Jan 2025 | ||
| 513 | |a Journal Article | ||
| 520 | 3 | |a Twenty years ago, the adjustment to monthly Social Security benefits for early or delayed claiming was, on average, roughly actuarially fair, although some subsets of individuals could gain from delay. Since then, delaying claiming has become much more attractive thanks to three factors: a more generous delayed retirement credit, improvements in mortality, and historically low real interest rates. In this article, I examine how these three factors influence optimal claiming behavior. I also discuss empirical patterns of claiming across individuals and over time, as well as explanations for these patterns. I argue that although many people appear to claim suboptimally early, this behavior may be changing as information spreads about the importance of the claiming decision. Finally, I discuss policy toward claiming and the impact that an increase in strategic claiming could have on Social Security's finances. | |
| 610 | 4 | |a Social Security Administration | |
| 653 | |a Drug overdose | ||
| 653 | |a Retirement | ||
| 653 | |a Delayed | ||
| 653 | |a Life expectancy | ||
| 653 | |a Age | ||
| 653 | |a Social security | ||
| 653 | |a Mortality | ||
| 653 | |a Adjustment | ||
| 653 | |a Subsets | ||
| 653 | |a Federal Reserve monetary policy | ||
| 653 | |a Inflation | ||
| 653 | |a Central banks | ||
| 653 | |a Interest rates | ||
| 653 | |a Present value | ||
| 653 | |a Behavior modification | ||
| 653 | |a Mortality rates | ||
| 773 | 0 | |t Journal of Pension Economics & Finance |g vol. 24, no. 1 (Jan 2025), p. 31-47 | |
| 786 | 0 | |d ProQuest |t ABI/INFORM Global | |
| 856 | 4 | 1 | |3 Citation/Abstract |u https://www.proquest.com/docview/3266669461/abstract/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |
| 856 | 4 | 0 | |3 Full Text + Graphics |u https://www.proquest.com/docview/3266669461/fulltextwithgraphics/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |
| 856 | 4 | 0 | |3 Full Text - PDF |u https://www.proquest.com/docview/3266669461/fulltextPDF/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |