The Social Security Administration sets the early retirement age â the youngest age that you can start collecting Social Security â at 62 years old. However, if you take benefits before your full retirement age â which ranges from 65 years old to 67 years old depending on the year you were born â your monthly benefit will be reduced.
FRAMING EFFECTS A âframing effectâ is usually said to occur when equivalent descriptions of a decision problem lead to systematically different decisions.
The valence-consistent shift in attribute framing is a robust effect, observed in a large range of experimental environments, with obvious implications for marketing and persuasion. In risky choice framing, subjects are presented with two options in a forced-choice task.