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We reconsider the problem of indexation of public pensions, emphasizing that similar contribution paths should imply …
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indexation scheme involves a choice between a low initial benefit with an increasing profile and a high initial benefit with a … indexation affects the trade-off between insurance and distribution when groups with different mortality are separated or pooled …
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value of benefits can often be neglected, especially under indexation to prices. At high and accelerating …, proportional indexation of benefits in progress devalues the lowest benefits, paying for above-the-average consumption share of …
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This paper examines five problems with the inflation indexing procedures used by the Social Security Administration of the United States in taking inflation into account when calculating Old Age and Survivors Insurance (OASI) Benefits. Because of Problem #1, the commingling of unindexed with...
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"The NBER Bulletin on Aging and Health provides summaries of publications like this. You can sign up to receive the NBER Bulletin on Aging and Health by email. Social Security is widely believed to protect its recipients from inflation because benefits are indexed to the Consumer Price Index for...
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