Implications of a "chained" CPI

Munnell, Alicia Haydock, and William M. Hisey. “Implications of a "chained" CPI”. Issue in Brief 11-12, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, September 2011. http://hdl.handle.net/2345/bc-ir:104193.
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Abstract

The brief's key findings are: (1) Recent commissions have proposed a "chained" consumer price index to adjust Social Security benefits. (2) The chained index, which allows spending patterns to shift as prices change, would rise more slowly than the current index. (3) But the current index likely understates the inflation faced by the elderly, and the low-income elderly may have little flexibility. (4) An alternative way for current retirees to bear some of the burden of a Social Security fix would be a one-time delay in the inflation adjustment.

Title
Implications of a "chained" CPI
Author
Munnell, Alicia Haydock
Hisey, William M.
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
September 2011
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
11-12
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104193
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Social Security

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