A major issue in the design of both public and private pension plans involves the indexation of benefits to price-level changes. A major pur-ported virtue of current public pensions in the United States is that they provide an asset with a fixed real return. This is regarded as important because of the absence of an indexed bond market. It is frequently alleged that the failure to provide indexed benefits is a major weakness of standard private pension arrangements. These views have influenced the recommendations of groups such as the President’s Commission on Pen-sion Policy (1980) and the Advisory Council on Social Security (1979). Both these groups, without detailed argument, strongly endorsed the indexation of social security benefits. ...
This paper examines five problems with the indexing procedures used by the Social Security Administr...
When policy discussions turn to income provisions for the old-aged, the focus is often on Social Sec...
In an ageing society, defined benefit (DB) pension plans are increasingly difficult to manage by mea...
This paper examines some positive and normative aspects of the inflation indexation of public and pr...
This paper tries to formulate conclusions about the indexation of old-age pensions. Pensions can be ...
Pensions are inherently risky because they are long-term contracts, which complicates financial plan...
* The views presented in this paper are those of the authors and should not be attributed to the Ba...
The rapid rise in inflation in 2006-07 has attracted attention – once again – both to how pensions s...
Public pensions - the primary pillar of old-age income provision - will, in the future, be less gene...
This paper examines five problems with the inflation indexing procedures used by the Social Security...
Funded social security programs are particularly vulnerable to economic and financial market shocks....
As just reiterated in the 2005 Trustees Report, Social Security faces a 75-year deficit equal to rou...
abstract: Yearly changes in the consumer price index are used to adjust social security benefits in ...
This paper examines five problems with the indexing procedures used by the Social Security Administr...
Funded social security programs are particularly vulnerable to economic and financial market shocks....
This paper examines five problems with the indexing procedures used by the Social Security Administr...
When policy discussions turn to income provisions for the old-aged, the focus is often on Social Sec...
In an ageing society, defined benefit (DB) pension plans are increasingly difficult to manage by mea...
This paper examines some positive and normative aspects of the inflation indexation of public and pr...
This paper tries to formulate conclusions about the indexation of old-age pensions. Pensions can be ...
Pensions are inherently risky because they are long-term contracts, which complicates financial plan...
* The views presented in this paper are those of the authors and should not be attributed to the Ba...
The rapid rise in inflation in 2006-07 has attracted attention – once again – both to how pensions s...
Public pensions - the primary pillar of old-age income provision - will, in the future, be less gene...
This paper examines five problems with the inflation indexing procedures used by the Social Security...
Funded social security programs are particularly vulnerable to economic and financial market shocks....
As just reiterated in the 2005 Trustees Report, Social Security faces a 75-year deficit equal to rou...
abstract: Yearly changes in the consumer price index are used to adjust social security benefits in ...
This paper examines five problems with the indexing procedures used by the Social Security Administr...
Funded social security programs are particularly vulnerable to economic and financial market shocks....
This paper examines five problems with the indexing procedures used by the Social Security Administr...
When policy discussions turn to income provisions for the old-aged, the focus is often on Social Sec...
In an ageing society, defined benefit (DB) pension plans are increasingly difficult to manage by mea...