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Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence

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Figure

Figure 1: Preference Parameter Calibration: Minimizing the Divergence between Model  and Empirical Claiming Ages
Figure 2: Claiming Ages under Less-Than-Actuarially-Fair Lump Sums
Table 3: Annuity and Lump Sum Benefit Adjustment Factors
Table 4: Model Parametrization and Status Quo Claiming Ages

References

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