The effects of subjective survival on re
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Michael D. Hurd; James P. Smith; Julie M. Zissimopoulos
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Article
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2004
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John Wiley and Sons
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English
⚖ 129 KB
## Abstract According to the life‐cycle model, mortality risk will influence both retirement and the desire to annuitize wealth. We estimate the effect of subjective survival probabilities on retirement and on the claiming of Social Security benefits because delayed claiming is equivalent to the pu