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Full-Text Articles in Income Distribution
The Future Of Retirement: How Has The Change In The Full Retirement Age Affected The Social Security Claiming Decisions Of Us Citizens?, Kyle Kalanta
Honors Theses
Social Security benefits serve as a chief form of income for many retirees. However, the value of these benefits varies based on the age at which a person claims in relation to their Full-Retirement Age (FRA). This paper analyzes the effects of the FRA on the claiming decision of Americans using panel data from the Health and Retirement Study. Current policy has resulted in increases to the FRA of eligible claimants based on their birth year. This has been done in an effort to increase the age at which people claim in response to concerns with the long‐term solvency of …