This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase … 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. Overall …

strategic survey about the lump sum. In other words, such a reform could provide an avenue for encouraging delayed retirement …Many Americans claim Social Security benefits early, though this leaves them with lower benefits throughout retirement …

investment strategy for DC pensions. Workers who follow identical investment strategies but who retire a few years apart can … receive DC pensions that are startlingly unequal. Second, it is hard for ordinary workers, as opposed to optimal planners, to …

People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on …

People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on …

In the traditional retirement scenario, individuals work full-time until a given age and then stop working abruptly. In … the alternative partial retirement scenario, individuals work part-time for several years before they stop working. For … the individual, partial retirement provides a smooth transition to full-retirement where they gradually adjust to a …