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The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program

Jeffrey R. Brown, Olivia S. Mitchell, and James M. Poterba

in Risk Aspects of Investment-Based Social Security Reform

Published in print:
2000
Published Online:
February 2013
ISBN:
9780226092553
eISBN:
9780226092560
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226092560.003.0010
Subject:
Economics and Finance, Economic Systems

The current U.S. social security system provides retirees with a real annuity during their retirement years. Retirees are insulated from inflation risk, at least as long as their consumption bundle ... More


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