Tag: retirement age
The brief’s key findings are: A 2009 CRR survey measured initial reactions to the financial crisis and then gave respondents customized advice on how to offset their losses. In response, some individuals adjusted their plans to make them more reasonable. More than 40 percent decided to save more and/or work longer. About 25 percent reduced…
Abstract The increase in the full retirement age in the Social Security program provides exogenous variation in the generosity in the Social Security Disability Insurance (SSDI) program, based only on birth year. We exploit this variation to estimate how responsive SSDI applications are to the financial incentive to apply. We find that a 1-percentage-point decreas…
