Thursday, November 11, 2010
Well, if money can't buy you love, it certainly improves your chances for a longer life. Like a good deal of social science, this only makes sense when you stop and think about it. It's hardly counter-intuitive. The point Krugman wants to make is that making all workers wait longer for retirement penalizes those in the lower half of the income bracket. For lawyers, for instance, we should be able to work longer than coal miners or steel workers, and farmers for that matter (although I know farmers who pretty much died on the tractor).