When Does It Pay to Delay Social Security? The Impact of Mortality, Interest Rates, and Program Rules

John B. Shoven, Sita Nataraj Slavov

NBER Working Paper No. 18210
Issued in July 2012

---- Acknowledgements -----

This research was supported by Sloan Foundation grant number 2011-10-18, “Series vs. Parallel Retirement Income Strategies.” The authors are grateful to Phoebe Yu for outstanding research assistance; to Jason Scott and David Weaver for helpful discussion and comments; and to Steve Goss, Michael Morris, and Alice Wade of the Social Security Administration for providing the 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 a Social Security Administration grant to the National Bureau of Economic Research. The views and approaches in this paper are solely those of the authors. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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