Framing Social Security Reform: Behavioral Responses to Changes in the Full Retirement Age

We use a US Social Security reform as a quasi-experiment to provide evidence on framing effects in retirement behavior. The reform increased the full retirement age (FRA) from 65 to 66 in two-month increments per year of birth. We find strong evidence that the spike in the benefit claiming hazard at...

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Veröffentlicht in:	American economic journal. Economic policy 2012-11, Vol.4 (4), p.41-67
Hauptverfasser:	Behaghel, Luc, Blau, David M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Age Behavior Censuses Cognition & reasoning Economic benefits Economic models Economic policy Economic statistics Economic theory Employment Health care policy Labor force Loss aversion Pension plans Psychological aspects Quantitative Finance Retirement Retirement age Retirement benefits Risk Management Social reform Social security Social Security benefits Studies Workforce
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