Individual Heterogeneity in Loss Aversion and Its Impact on Social Security Claiming Decisions

John W. Payne, Suzanne Shu, Elizabeth Webb, Namika Sagara

NBER Retirement Research Center Paper No. NB 15-07
Issued in September 2015

---- Acknowledgments ----

This research was supported by the U.S. Social Security Administration (SSA) through grant #NB15-07 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium (RRC). The findings and conclusions expressed are solely those of the authors and do not represent the views of SSA, any agency of the Federal Government, the NBER, UCLA, Columbia University, or Duke University.

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