Social Security Claiming: Trends and Business Cycle Effects
Social Security claiming behavior matters because early claimants receive lower monthly benefits for the rest of their lives. Early claiming fell over the past decade, after increasing over the previous 10 years. However, high unemployment encourages early claiming by less-educated men. A 1 percentage point increase in the state unemployment rate is associated with a 0.4 percentage point increase in the monthly claiming probability by men who never attended college, implying that the Great Recession boosted their claiming rates by about 40 percent. In contrast, claiming behavior by women and well-educated men is not significantly correlated with the unemployment rate. JEL Classification: Key words:
|Date of creation:||Mar 2012|
|Contact details of provider:|| Postal: Urban Institute, IBP 2100 M ST NW Washington, DC 20037|
Phone: (202) 833-7200
Web page: http://www.urban.org/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hutchens, Robert, 1999. "Social Security Benefits and Employer Behavior: Evaluating Social Security Early Retirement Benefits as a Form of Unemployment Insurance," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(3), pages 659-678, August.
- Courtney Coile & Peter Diamond & Jonathan Gruber & Alain Jousten, 1999.
"Delays in Claiming Social Security Benefits,"
NBER Working Papers
7318, National Bureau of Economic Research, Inc.
- Richard W. Johnson & Amy J. Davidoff & Kevin Perese, 2003. "Health Insurance Costs and Early Retirement Decisions," ILR Review, Cornell University, ILR School, vol. 56(4), pages 716-729, July.
- Tammy Schirle, 2008.
"Why Have the Labor Force Participation Rates of Older Men Increased since the Mid-1990s?,"
Journal of Labor Economics,
University of Chicago Press, vol. 26(4), pages 549-594, October.
- T. Schirle, 2007. "Why Have the Labour Force Participation Rates of Older Men Increased Since the Mid 1990s," Working Papers eg0045, Wilfrid Laurier University, Department of Economics, revised 2007.
- Michael D. Hurd & James P. Smith & Julie M. Zissimopoulos, 2002.
"The Effects of Subjective Survival on Retirement and Social Security Claiming,"
NBER Working Papers
9140, National Bureau of Economic Research, Inc.
- Michael D. Hurd & James P. Smith & Julie M. Zissimopoulos, 2004. "The effects of subjective survival on retirement and Social Security claiming," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(6), pages 761-775.
- Michael D. Hurd & James P. Smith & Julie M. Zissimopoulos, 2002. "The Effects of Subjective Survival on Retirement and Social Security Claiming," Working Papers wp021, University of Michigan, Michigan Retirement Research Center.
- Michael Hurd & James P. Smith & Julie M. Zissimopoulos, 2003. "The Effects of Subjective Survival on Retirements and Social Security Claiming," Working Papers 03-11, RAND Corporation.
- Gordon B.T. Mermin & Richard W. Johnson & Dan Murphy, 2006. "Why Do Boomers Plan to Work So Long?," Working Papers, Center for Retirement Research at Boston College wp2006-19, Center for Retirement Research, revised Nov 2006.
- Song, Jae G. & Manchester, Joyce, 2007. "New evidence on earnings and benefit claims following changes in the retirement earnings test in 2000," Journal of Public Economics, Elsevier, vol. 91(3-4), pages 669-700, April.
- Jonathan Gruber & Peter Orszag, 2000.
"Does the Social Security Earnings Test Affect Labor Supply and Benefits Receipt?,"
NBER Working Papers
7923, National Bureau of Economic Research, Inc.
- Gruber, Jonathan & Orszag, Peter, 2003. "Does the Social Security Earnings Test Affect Labor Supply and Benefits Receipt?," National Tax Journal, National Tax Association, vol. 56(4), pages 755-773, December.
- Leora Friedberg & Michael Owyang & Anthony Webb, 2008. "Identifying Local Differences in Retirement Patterns," Working Papers, Center for Retirement Research at Boston College wp2008-18, Center for Retirement Research, revised Dec 2008.
- Rogowski, Jeannette & Karoly, Lynn, 2000. "Health insurance and retirement behavior: evidence from the health and retirement survey," Journal of Health Economics, Elsevier, vol. 19(4), pages 529-539, July.
- Gordon B. T. Mermin & Richard W. Johnson & Dan P. Murphy, 2007. "Why Do Boomers Plan to Work Longer?," Journals of Gerontology: Series B, Gerontological Society of America, vol. 62(5), pages 286-294.
- John L. Czajka & James Mabli & Scott Cody, 2008. "Sample Loss and Survey Bias in Estimates of Social Security Beneficiaries: A Tale of Two Surveys," Mathematica Policy Research Reports 764acc7a0a0b462c9906514d5, Mathematica Policy Research.
- Richard W. Johnson, 2007. "What Happens to Health Benefits after Retirement?," Work Opportunity Briefs wob_7, Center for Retirement Research, revised Feb 2007.
- Melissa M. Favreault & Austin Nichols, 2011. "Immigrant Diversity and Social Security: Recent Patterns and Future Prospects," Working Papers, Center for Retirement Research at Boston College wp2011-8, Center for Retirement Research, revised May 2011.
- repec:mpr:mprres:6064 is not listed on IDEAS
When requesting a correction, please mention this item's handle: RePEc:rbn:wpaper:12-01. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Nadia Karamcheva)
If references are entirely missing, you can add them using this form.