RESEARCH
Working Longer Cannot Solve the Retirement Crisis
Brief— Working longer is often proposed as the solution to the retirement crisis caused by older workers’ lack of retirement assets, but new research from SCEPA's ReLab shows this assumption doesn't match older workers' real experiences in the labor market.
This paper further explores the plausibility of the Keynesian stability condition by enriching the Kaleckian growth model with a more fully developed Keynesian theory of expectations formation.
The plan proposes a simple, effective solution to address the fundamental flaws in today’s broken retirement system.
The issue of who is responsible for funding climate mitigation and adaptation is central to climate negotiations.
The recent proliferation of state level retirement reform proposals indicates a broad recognition of the looming retirement crisis and suggests that political will for reform is present.
We first show that, with a Kaleckian structure that is consistent with Pasinetti (1962), the relationship between distribution and growth is more robust than conventional wisdom suggests.
The Cambridge UK vs USA capital theory debates of the 1960s showed that the workhorse mainstream growth model relies on unsustainable assumptions.
This paper argues that both Smith and Marx find money to be necessary for the specialization of individual producers and the regulation of social production by market exchange.
I develop a structuralist model of long run growth and distribution with capitalists and workers.
