Blog on the Run: Reloaded

Monday, April 23, 2012 6:35 am

Why does income inequality matter?

Because it’s a matter of life and death:

If the recent trend of growing inequality in life expectancy continues through the next three decades,
then workers in the bottom half of the wage distribution can anticipate substantial reductions in the
expected length of retirement if the normal retirement age is increased in accordance with this
schedule. A male worker born in 1973 retiring at age 70 can expect to live 13.8 years in retirement, a full year less than the expected length of retirement for a worker born in 1912 …

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