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The effects of the Social Security on the optimal retirement age depend on the Social Security tax and the level of Social Security benefit.
A Social Security number, for instance, is necessary to ensure that you alone are credited for money you pay into the system when you’re working and that payments issued after you retire are sent to you and not to a different person who happens to share your name.
We argue that surname modification or change is not a violation of God's law because several examples of name change abound in the Bible and that for some social reasons name change has been a common practice among the Yoruba people from time immemorial.
This means that, under the same economic conditions, the risk-adjusted return on financial assets would have been lower than the return on a "mature" pay-as-you-go social security system.
You can alter your style of being just slightly or indulge in wild experiments with your identity by changing your age, history, personality, physical appearance, even your gender.
Simply removing all identifiable personal information (such as names and social security number) before releasing the data is insufficient.
In both cases, pay-as-you-go social security enhances welfare if the growth rate is larger than the interest rate at the laissez-faire.
A name change can be important.
Racial minorities, women, the poor and the elderly tend to dislike a drastic change in the current Social Security system, and Social Security reform ought to pay attention to their concerns.
Most Americans view starting Social Security benefits as simply something that you do upon retiring.1 As a financial decision, however, this naive strategy can prove a costly mistake.
Journal ArticleDOI
Isaac Ehrlich, Francis T. Lui 
01 Jul 1998-Economic Inquiry
65 Citations
The authors show that a defined-benefits pay-as-you-go (PAYG) social security system distorts key family-based choices that affect economic growth.
can inform policies designed to help workers enhance economic security and reduce dependence on Social Security disability benefits.
The positive impact of name change seems to be experienced about four years after the name change.
This paper shows that the optimal relation between social security benefits and retiree age depends on balancing the advantage of providing an otherwise unavailable actuarially fair annuity against the lower rate of return earned in a pay-as-you-go social security system.