Inflation and Economic Security of the Older Population

Following a long period when inflation was about 2.5% per year, the year-to-year increase in the consumer price index was recently reported to be about 8%. The older population, being net lenders, is economically vulnerable to high and increasing inflation…

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Winter 2020 Newsletter: MRDRC releases key findings from 2019 papers

MRDRC published eight working papers in 2019 on topics such as totalization agreements, global interest rate trends, and retirement inequality. Informing projections Interest Rate Trends in a Global Context Dmitriy Stolyarov and Linda Tesar WP 2019-402; UM19-05 Two methodologies are…

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Interest Rate Trends in a Global Context

Long-term interest rates have been falling globally since the early 1980s and have reached historically low levels. Past forecasts largely missed this secular decline. This paper reviews methodologies for making long-term interest rate projections. We synthesize results from studies that…

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