Maurer, Raimond; Mitchell, Olivia S.; Rogalla, Ralph; … - 2015
This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase … in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would … voluntarily claim about half a year later if the lump sum were paid for claiming any time after the Early Retirement Age, and …