Tag: early claiming
Abstract This study examines Social Security claiming behavior, which has important implications for older Americans and for the system itself. Retirees may begin collecting benefits as early as age 62, but early claimants receive lower monthly benefits for the rest of their lives. Our data come from Survey of Income and Program Participation (SIPP) files…
Abstract The possibility of increasing the age at which Social Security benefits are first paid merits renewed scrutiny for at least three reasons: a decrease in overall benefits would imply that those claiming reduced benefits before the ‘full benefits age’ may accept benefits that seem adequate when claimed but are insufficient when income earnings ends…
