Slavov, Sita Nataraj; Goda, Gopi Shah; Shoven, John B. - National Bureau of Economic Research (NBER) - 2010
Social Security is widely believed to protect its recipients from inflation because benefits are indexed to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). However, the CPI-W may not accurately reflect the experience of retirees for two reasons. First, retirees...