Social Security and the Consumer Price Index for the Elderly

7 Pages Posted: 11 Mar 2005

See all articles by Bart Hobijn

Bart Hobijn

ASU

David Lagakos

University of California, San Diego (UCSD) - Department of Economics; National Bureau of Economic Research (NBER)

Abstract

Some argue that social security benefits should be adjusted using a price index that reflects the spending habits of the elderly rather than those of workers. This study suggests that if such an index were adopted today, over the next forty years benefit levels would increase and the social security trust fund could become insolvent up to five years sooner than projected.

Keywords: inflation, elderly, consumer price index, social security, indexing, cost of living

JEL Classification: J14, E31

Suggested Citation

Hobijn, Bart and Lagakos, David, Social Security and the Consumer Price Index for the Elderly. Available at SSRN: https://ssrn.com/abstract=682643

Bart Hobijn (Contact Author)

ASU ( email )

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David Lagakos

University of California, San Diego (UCSD) - Department of Economics ( email )

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United States

National Bureau of Economic Research (NBER) ( email )

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