Delays in claiming social security benefits
Delays in claiming social security benefits
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DOI：
10.1016/s0047-2727(01)00129-3
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发表时间：
2002-06-01
影响因子：
9.8
通讯作者：
Jousten, A
中科院分区：
文献类型：
--
作者：
Coile, C;Diamond, P;Jousten, A
本文重点研究社会保障福利申领行为，这是一个在以往文献中被忽视的决定。使用财务计算和模拟的基础上，预期效用最大化模型，我们表明，延迟退休后的一段时间内的福利索赔是最佳的，在各种情况下，从延迟的收益可能是显着的。我们发现，大约10%的男性在62岁生日之前退休，在获得资格后至少延迟1年才申请。我们估计风险和概率模型使用数据从新的效益数据系统来测试四个横截面的预测。虽然数据表明，太少的人延迟，我们发现，延迟的模式由早期退休人员通常是一致的，我们的理论模型所产生的假设。(C)2002 Elsevier Science B.V.保留所有权利。
This paper focuses on Social Security benefit claiming behavior, a take-up decision that has been ignored in the previous literature. Using financial calculations and simulations based on an expected utility maximization model, we show that delaying benefit claim for a period of time after retirement is optimal in a wide variety of cases and that gains from delay may be significant. We find that approximately 10% of men retiring before their 62nd birthday delay claiming for at least 1 year after eligibility. We estimate hazard and probit models using data from the New Beneficiary Data System to test four cross-sectional predictions. While the data suggest that too few men delay, we find that the pattern of delays by early retirees is generally consistent with the hypotheses generated by our theoretical model. (C) 2002 Elsevier Science B.V. All rights reserved.