Maurer, RaimondMitchell, Olivia SRogalla, RalphSchimetschek, Tatjana2023-05-222018-11-282016-11-282017-09-08https://repository.upenn.edu/handle/20.500.14332/5244This article investigates whether exchanging Social Security delayed retirement credits, currently paid as increases in lifelong benefits, for a lump sum would induce later claiming and additional work. We show that people would voluntarily claim about 6 months later if the lump sum were paid for claiming after the early retirement age, and about 8 months later if the lump sum were paid only for those claiming after their full retirement age. Overall, people will work one-third to one-half of the additional months. Those who would currently claim at the youngest ages are most responsive to the lump sum offer.This is the peer reviewed version of the following article: Maurer, R., Mitchell, O. S., Rogalla, R. and Schimetschek, T. (2017), WILL THEY TAKE THE MONEY AND WORK PEOPLE'S WILLINGNESSTO DELAY CLAIMING SOCIALSECURITY BENEFITS FOR a LUMP SUM. Journal Risk and Insurance., which has been published in final form at http://dx.doi.org/10.1111/jori.12173. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving: http://olabout.wiley.com/WileyCDA/Section/id-820227.html#termsBusinessEconomicsPublic Affairs, Public Policy and Public AdministrationArticle