Inflation experiences of retirees

The inflation people experience depends on their expenditure patterns and price developments. This paper by Adriaan Kalwij (UU), Rob Alessie (RUG), Jonathan Gardner (Towers Watson) and Ashik Anwar Ali (RUG) aims to identify groups of people that have experienced relatively high price inflation over the last decades and could thus be considered most vulnerable when indexation does not take place. For this purpose they use household budget survey data from 1978 to 2004, supplemented with price information from 1978 to 2012.