Why do retired workers claim their social security benefits so early? : a potential explanation based on the cumulative prospect theory
Year of publication: |
2020
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Authors: | Guo, Rui ; Sun, Wei ; Wang, Jianqiu ; Xiao, Gang |
Published in: |
Applied economics. - New York, NY : Routledge, ISSN 1466-4283, ZDB-ID 1473581-7. - Vol. 52.2020, 5, p. 490-505
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Subject: | behavioral model | claiming behaviors | cumulative prospect theory | loss aversion | Social Security benefits | Prospect Theory | Prospect theory | Gesetzliche Rentenversicherung | Public pension system | Risikoaversion | Risk aversion | Entscheidung unter Risiko | Decision under risk | Altersgrenze | Retirement | Altersvorsorge | Retirement provision | Erwartungsnutzen | Expected utility |
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