Chai, Jingjing; Maurer, Raimond; Mitchell, Olivia S.; … - Institute for Social Research (ISR), University of Michigan - 2012
Social Security benefits are currently provided as a lifelong benefit stream, though some workers would be willing to trade a portion of their annuity streams in exchange for a lump sum amount. This paper explores whether allowing people to receive a lump sum as a payment for delayed retirement...