Findings from NBER Yields New Findings on Pension Economics (The financial feasibility of delaying Social Security: evidence from administrative tax…

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Findings from NBER Yields New Findings on Pension Economics (The financial feasibility of delaying Social Security: evidence from administrative tax data)

By a News Reporter-Staff News Editor at Investment Weekly News -- A new study on Economics - Pension Economics is now available. According to news reporting originating in Stanford, California, by VerticalNews journalists, research stated, "Despite the large and growing returns to deferring Social Security benefits, most individuals claim Social Security before the full retirement age. In this paper, we use a panel of administrative tax data on individuals likely to financially benefit from delaying Social Security claiming to explore the relationship between Social Security claiming and distributions from tax-advantaged retirement savings accounts."

The news reporters obtained a quote from the research from NBER, "We find that the majority of our sample claim Social Security prior to taking distributions from Individual Retirement Accounts (IRAs). We also find that a third of our sample have IRA balances equivalent to at least two additional years of Social Security benefits, and a quarter have IRA balances equivalent to at least 4 years of Social Security benefits."

According to the news reporters, the research concluded: "We complement our analysis with data from the Health and Retirement Study and find that these percentages are considerably higher when other financial assets are taken into account."

For more information on this research see: The financial feasibility of delaying Social Security: evidence from administrative tax data. Journal of Pension Economics & Finance, 2018;17(4):419-436. Journal of Pension Economics & Finance can be contacted at: Cambridge Univ Press, Edinburgh Bldg, Shaftesbury Rd, CB2 8RU Cambridge, England. (Cambridge University Press - www.cambridge.org; Journal of Pension Economics & Finance - journals.cambridge.org/action/displayJournal?jid=PEF)

Our news correspondents report that additional information may be obtained by contacting G.S. Goda, NBER, Stanford, CA 94305, United States. Additional authors for this research include S. Ramnath, J.B. Shoven and S.N. Slavov.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1017/S147474721700004X. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

Keywords for this news article include: Stanford, California, United States, North and Central America, Pension Economics, Economics, Investment and Finance, NBER.