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Are Inflation Rates Different for the Elderly?

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  • Michael J. Boskin
  • Michael D. Hurd

Abstract

This paper presents new evidence on cost-of-living indices and annual inflation rates for the elderly population as well as the general population. It employs a now fairly widely accepted adjustment for the inappropriate treatment of housing in the Consumer Price Index. We disaggregate by five-year age cohorts for the elderly, and analyze various features of the differences in the inflation faced by the elderly and the general population, as well as within the elderly group itself. We conclude that, conditional on a housing adjustment, the inflation experience of the elderly from 1961-1981 was quite similar to the general population, both cumulatively and year-by-year.

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File URL: http://www.nber.org/papers/w0943.pdf
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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 0943.

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Date of creation: Jul 1982
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Publication status: published as Boskin, Michael J. and Michael D. Hurd. "Indexing Social Security Benefits: A Separate Price Index for the Elderly?" Public Finance Quarterly, Vol. 1 3, No. 4, Oct. 1985, pp. 436-449.
Handle: RePEc:nbr:nberwo:0943

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Cited by:
  1. Michael J. Boskin & John B. Shoven, 1986. "Poverty Among the Elderly: Where are the Holes in the Safety Net?," NBER Working Papers, National Bureau of Economic Research, Inc 1923, National Bureau of Economic Research, Inc.
  2. Michael J. Boskin & John B. Shoven, 1987. "Concepts and Measures of Earnings Replacement During Retirement," NBER Working Papers, National Bureau of Economic Research, Inc 1360, National Bureau of Economic Research, Inc.
  3. Gopi Shah Goda & John B. Shoven & Sita Nataraj Slavov, 2010. "How Well Are Social Security Recipients Protected from Inflation?," NBER Working Papers, National Bureau of Economic Research, Inc 16212, National Bureau of Economic Research, Inc.
  4. Michael D. Hurd & John B. Shoven, 1982. "The Economic Status of the Elderly," NBER Working Papers, National Bureau of Economic Research, Inc 0914, National Bureau of Economic Research, Inc.

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