000			01299nam a22001577a 4500
999			_c524243 _d524243
008			231107b ||||| |||| 00| 0 eng d
100			_aLalive, R., Magesan, A. and Staubli, S. _945734
245			_aHow social security reform affects retirement and pension claiming
260			_aAmerican Economic Journal: Economic Policy
300			_a15(3), Aug, 2023: p.115-150
520			_aA reform increasing the full retirement age (FRA) by one year leads to larger than expected delays in pension claiming and retirement, while making late claiming more lucrative leads to a smaller than expected delay in pension claiming. Survey evidence shows people view the FRA as the "normal" retirement age and prefer to couple pension claiming and retirement decisions together, even though these two decisions are not coupled through social security provisions. Two mechanisms are at work: reference dependence with loss aversion in pension claiming, and spillovers from pension claiming on retirement choices. The FRA increase leads to large government savings.- Reproduced https://www.aeaweb.org/articles?id=10.1257/pol.20200686
650			_aSocial security reform, Retirement, Pension _945735
773			_aAmerican Economic Journal: Economic Policy
906			_aSOCIAL SECURITY
942			_cAR