If Social Security payments were altered so that a fixed amount was unexpectedly subtracted from lifetime benefits at each retirement age,this would theoretically cause workers to

Question

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If a fixed amount is subtracted from lifetime benefits at each retirement age, the relative cost of retiring early increases since the deduction would represent a larger proportion of the benefits received if one retires earlier. Therefore, workers might be incentivized to retire later to maximize their remaining benefits.

If Social Security Payments Were Altered So That a Fixed