Retirement Annuity Design in an Inflationary Climate
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This paper examines the tilt and risk-return characteristics of real retirement incomes provided by variable annuities tied to bills, long-term bonds, stocks and a mixed portfolio which combines all three. The analysis emphasizes the riskiness of the real value of benefits provided by conventional
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美国国家经济研究局创建时间：
1982-05-01
