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Social Security Payments and Decision about Timing of Retirement: An Economic Analysis

Masoud Nili; Amirreza Seyed Khosroshahi; Seyed Babak Ebrahimi

Volume 12, Issue 47 , January 2013, , Pages 217-244

Abstract
  This paper seeks to address the question that whether and to what extent does Social Security retirement benefits cause early retirement. ‎This question is studied under “Option Value” and “Peak Value” models, in which the individual's retirement decision is derived as a function ...  Read More