Will they take the money and work? : people's willingness to delay laiming social security benefits for a lump sum
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<subfield code="a">Will they take the money and work?</subfield>
<subfield code="b">: people's willingness to delay laiming social security benefits for a lump sum</subfield>
<subfield code="c">Raimond Maurer... [et al.]</subfield>
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<subfield code="a">This article investigates whether exchanging Social Security delayed retirement credits, currently paid as increases in lifelong benefits, for a lump sum would induce later claiming and additional work. We show that people would voluntarily claim about 6 months later if the lump sum were paid for claiming after the early retirement age, and about 8 months 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. Those who would currently claim at the youngest ages are most responsive to the lump sum offer</subfield>
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<subfield code="t">The Journal of risk and insurance</subfield>
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<subfield code="g">03/12/2018 Volumen 85 Número 4 - diciembre 2018 , p. 877-909</subfield>
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