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Should Private Pensions Be Indexed?

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NBER1981-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0787
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The analysis in this paper was motivated by the apparent puzzle that, despite substantial uncertainty about future inflation rates, private pensions are almost universally unindexed. Moreover, although a variable annuity invested in short-term money market instruments provides a good inflation hedge
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1981-10-01
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