000			01555nab a2200253 c 4500
999			_c148862 _d148862
003			ES-MaIEF
005			20240130104314.0
007			ta
008			240129t2023 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100			_957179 _aLalive, Rafael
245			_aHow Social Security reform affects retirement and pension claiming _c by Rafael Lalive, Arvind Magesan and Stefan Staubli
500			_aResumen.
504			_aBibliografía.
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.
650		4	_948362 _aSEGURIDAD SOCIAL
650		4	_911220 _aPENSIONES DE JUBILACIÓN
650		4	_943203 _aEDAD DE JUBILACION
650		4	_947776 _aMODELOS ECONOMETRICOS
700	1		_971381 _aMagesan, Arvind
700	1		_971382 _aStaubli, Stefan
773	0		_9171095 _oOP 2135/2023/3 _tAmerican Economic Journal : Economic Policy _w(IEF)134825 _x 1945-7731 _g v. 15, n. 3, August 2023, p. 115-150
942			_cART