@article {9601,
	title = {In Debt and Approaching Retirement: Claim Social Security or Work Longer?},
	journal = {AEA Papers and Proceedings},
	volume = {108},
	year = {2018},
	month = {05/2018},
	pages = {401-406},
	chapter = {401},
	abstract = {Over the past couple of decades, older Americans have become considerably more leveraged. This paper considers whether household debt affects the timing of retirement and Social Security benefit claiming. Using data from the Health and Retirement Study, we find that older adults with debt are more likely to work and less likely to receive Social Security benefits than those who are debt-free. Indebted adults are also more likely to delay fully retiring from the labor force and claiming their benefits. Among the sources of debt, mortgages have a stronger impact on older adults{\textquoteright} behavior than do other sources of debt.

},
	keywords = {Debt, Retirement Planning and Satisfaction, Social Security},
	issn = {2574-0768},
	url = {https://www.aeaweb.org/articles?id=10.1257/pandp.20181116},
	author = {Barbara A Butrica and Nadia S. Karamcheva}
}
@article {10492,
	title = {Does Household Debt Influence the Labor Supply and Benefit Claiming Decisions of Older Americans?},
	number = {CRR WP 2013-22},
	year = {2013},
	month = {12/2013},
	institution = {Boston College},
	abstract = {Americans{\textquoteright} indebtedness has increased dramatically since the 1980s {\textendash} a trend likely to have important implications for retirement security.  This study finds that older adults with debt are 8 percentage points more likely to work and 2 percentage points less likely to receive Social Security benefits than those without debt.  Not only does the presence of debt influence older adults{\textquoteright} behavior, but so do the amount and type of debt {\textendash} particularly outstanding mortgages. Increasingly, retirement security will depend on having enough income and assets to pay for basic living expenses and to service debt.},
	keywords = {Debt, Labor, Social Security, Social Security Benefits, Social Security linkage},
	url = {https://crr.bc.edu/working-papers/does-household-debt-influence-the-labor-supply-and-benefit-claiming-decisions-of-older-americans-2/},
	author = {Barbara A Butrica and Nadia S. Karamcheva}
}
@article {5924,
	title = {The Changing Causes and Consequences of Not Working Before Age 62},
	number = {12-03},
	year = {2012},
	institution = {The Urban Institute},
	address = {Washington, D.C.},
	abstract = {This study uses the Health and Retirement Study to deepen our understanding of nonworking adults ages 51 to 61 and how they support themselves before qualifying for Social Security benefits. The results show that nonworking adults ages 51 to 61 are a heterogeneous group. A large share is poor, with low incomes and limited wealth. But a sizeable share has low incomes and abundant wealth. These individuals are income poor but asset rich. More than for singles, this phenomenon characterizes nonworking married adults. In general, we find that nonworking married adults are significantly better off than their unmarried counterparts. Many nonworking married adults have working spouses. On average, married adults without earnings have twice the per person income and more than ten times the per person assets of single adults without earnings. Additionally, married adults without earnings are 20-30 percentage points less likely to be poor than single adults without earnings. It is important for policymakers to understand who stops working early and how they support themselves. Nonworkers may be more likely to apply and qualify for Social Security disability and SSI benefits. Also, more than any other group, nonworkers will be adversely impacted by any increases to the early entitlement age. Finally, nonworkers are especially vulnerable in retirement because they are likely to have lower savings, Social Security benefits, and pensions than workers.},
	keywords = {Consumption and Savings, Disabilities, Employment and Labor Force, Net Worth and Assets, Public Policy, Social Security},
	url = {https://www.urban.org/sites/default/files/publication/23531/412801-The-Changing-Causes-and-Consequences-of-Not-Working-before-Age-.PDF},
	author = {Barbara A Butrica and Nadia S. Karamcheva}
}
