Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10011686666
Persistent link: https://www.econbiz.de/10014233244
Using a lifecycle framework with Epstein-Zin (1989) utility and a mixed-integer optimization approach, we compute the optimal age to claim Social Security benefits. Taking advantage of homogeneity, a sufficient statistic is the ratio of wealth to the primary insurance amount (PIA). If the...
Persistent link: https://www.econbiz.de/10014088475