Housing wealth shocks, home equity withdrawal, and the claiming of social security retirement benefits

• Main Authors: HUANG, Naqun, JING, Li, ROSS, Amanda
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: Social Security; home equity; housing wealth shock; land supply; elasticity; Economics; Public Economics; Real Estate
• Online Access: https://ink.library.smu.edu.sg/soe_research/2543; https://ink.library.smu.edu.sg/context/soe_research/article/3542/viewcontent/SS.pdf
• Institution: Singapore Management University

This paper examines the impact of changes in house prices on when eligible individuals start receiving Social Security benefits. If house prices increase, financially constrained households may draw upon the additional home equity to finance expenses and delay receipt of Social Security in order to...