Older Workers
The effect of major events on the economy is often long-lasting. For example, the Great Recession triggered a large increase in the share of older workers – defined here as those ages 55 and over – who wanted to work but had given up even looking for a job…
We, too, should restore balance to our system, but inequality precludes an across-the-board increase. Denmark recently raised its retirement age to 70 for Danes born in 1971 or later. Should we do the same thing? The answer is two-fold. On the one hand, Congress should enact legislation to restore balance to our Social Security system,…
