Are Inflation Rates Different for the Elderly? / Michael J. Boskin, Michael D. Hurd.

Format:

Book

Author/Creator:

Boskin, Michael J.

Contributor:

National Bureau of Economic Research.

Hurd, Michael D.

Series:

Working Paper Series (National Bureau of Economic Research) no. w0943.

NBER working paper series no. w0943

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1982.

Summary:

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.

Notes:

Print version record

July 1982.