Social security benefit valuation, risk, and optimal retirement

We develop valuation and risk techniques for the future benefits of a retiree who participates in the American Social Security program based on their chosen date of retirement, the term structure of interest rates, and forecasted life expectancy. These valuation methods are then used to determine th...

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Bibliographic Details
Main Authors: Ali, Y. (Author), Fang, M. (Author), Sota, P.A.A (Author), Taylor, S. (Author), Wang, X. (Author)
Format: Article
Language:English
Published: MDPI AG 2019
Subjects:
Online Access:View Fulltext in Publisher