How Sticky Is Retirement Behavior in the United States?
利用美国社会保障行政数据，研究提高完全退休年龄对申领福利和实际退休行为的不同影响，发现申领年龄迅速调整，但退休年龄在65岁处存在“粘性”，雇主可能是原因之一。
Abstract We study how increases in the U.S. Social Security full retirement age (FRA) affect benefit-claiming behavior and retirement behavior separately. Using long panels of Social Security administrative data, we implement complementary research designs of a traditional cohort analysis and a regression-discontinuity design. We find that while claiming ages strongly and immediately shift in response to increases in the FRA, retirement ages exhibit persistent “stickiness” at the old FRA of 65. We use several strategies to explore the likely mechanisms behind the stickiness in retirement, and we find suggestive evidence that employers play a role in workers’ responses to the FRA.