The Decision to Delay Social Security Benefits: Theory and Evidence

John B. Shoven, Sita Nataraj Slavov

NBER Retirement Research Center Paper No. NB 12-09
Issued in September 2012

---- Acknowledgements -----

This research was supported by the U.S. Social Security Administration through grant #5RRC08098400-04-00 to the National Bureau of Economic Research (NBER) as part of the SSA Retirement Research Consortium. The findings and conclusions expressed are solely those of the authors and do not represent the views of SSA, any agency of the Federal Government, or the NBER. The authors are grateful to Phoebe Yu for outstanding research assistance; to Jason Scott and David Weaver for helpful discussion and comment; and to Steve Goss, Michael Morris, and Alice Wade for providing the SSA's cohort life tables used in this paper. The first author is a member of the board of directors of Financial Engines, a Nasdaq-listed company which assists individuals with retirement planning. Financial Engines provided no financial support for this research. The authors are doing related research that is supported by the Alfred P. Sloan Foundation. The views and approaches in this paper are solely those of the authors.

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