Are you serious?

More

The response of liberal commenters to my post on the fact that social security decreases labor supply and national savings seems to largely be raw incredulity. "That's crazy talk!" about sums it up.

Well, in response to those who asked, I am not only serious, but also well supported. These assertions about the response of elder labor force participation, birth rates, and national savings to pension policy are, in declining order, extremely, very, and fairly robust. All of them are strong enough that none of the slew of economists I recently interviewed on the topic of America's aging economy voiced any doubt about the relationship, direction, or causality.

Jump to comments
Presented by

Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

Get Today's Top Stories in Your Inbox (preview)

Why Are Americans So Bad at Saving Money?

The US is particularly miserable at putting aside money for the future. Should we blame our paychecks or our psychology?


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

The Death of Film

You'll never hear the whirring sound of a projector again.

Video

How to Hunt With Poison Darts

A Borneo hunter explains one of his tribe's oldest customs: the art of the blowpipe

Video

A Delightful, Pixar-Inspired Cartoon

An action figure and his reluctant sidekick trek across a kitchen in search of treasure.

Video

I Am an Undocumented Immigrant

"I look like a typical young American."

Video

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Writers

Up
Down

More in Business

Just In