The Potential Effects of Obesity on Social Security Claiming Behavior and Retirement Benefits

被引:2
|
作者
Knoll, Melissa A. Z. [1 ,2 ]
Shoffner, Dave [1 ]
O'Leary, Samantha [1 ,3 ]
机构
[1] US Social Secur Adm, Off Retirement Policy, Washington, DC USA
[2] Consumer Financial Protect Bur, Washington, DC USA
[3] UnitedHealthcare Community & State, Scottsdale, AZ 85250 USA
来源
JOURNALS OF GERONTOLOGY SERIES B-PSYCHOLOGICAL SCIENCES AND SOCIAL SCIENCES | 2018年 / 73卷 / 04期
关键词
Claiming behavior; Obesity; Retirement; Retirement decision making; Social Security; Subjective life expectancy; BODY-MASS-INDEX; LIFE EXPECTANCY; UNITED-STATES; SUBJECTIVE PROBABILITIES; HEALTH; MORTALITY; TRENDS; SURVIVAL; OVERWEIGHT; US;
D O I
10.1093/geronb/gbw016
中图分类号
R592 [老年病学]; C [社会科学总论];
学科分类号
03 ; 0303 ; 100203 ;
摘要
Objectives: Obesity prevalence among Americans has increased for nearly three decades. We explore the relationship between the rise in obesity and Social Security retirement benefit claiming, a decision impacting nearly all aging Americans. Specifically, we investigate whether obesity can affect individuals' decision to claim benefits early, a choice that has important implications for financial security in retirement, particularly for those with lower socioeconomic status (SES). Method: We use a microsimulation model called MINT6 (Modeling Income in the Near Term, version 6) to demonstrate the potential effects of obesity on subjective life expectancy and claiming behavior. We impute obesity status using data from the National Health and Nutrition Examination Survey (NHANES), which describes the distribution of obesity prevalence within the United States by gender, poverty status, and race/ethnicity. Results: We find that the rise in obesity and the consequent incidence of obesity-related diseases may lead some individuals to make claiming decisions that lead to lower monthly and lifetime Social Security retirement benefits. Further, we find that the potential economic impact of this decision is larger for those with lower SES. Discussion: We present a behavioral perspective by addressing the potential effects that obesity can have on individuals' retirement decisions and their resulting Social Security retirement benefits.
引用
收藏
页码:723 / 732
页数:10
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