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An Empirical Analysis of People's Willingness to Delay Claiming Social Security Benefits for a Lump Sum
Pension Research Council, The Wharton School of The University of Pennsylvania Link to more items from this source
Oct. 13, 2014
"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."

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