The Tim Lee Experience
As some of you have gratefully noted, I’ve temporarily given social security blogging a rest. However, my colleague Tim Lee is on the ball. Tim points out that Yglesias is either being shady or doesn’t know what he talking about in his article on transition costs to personal accounts. And, looking at the debate between Kevin Drum and Will Saletan over the retirement age, Tim wisely wonders why we got ourselves into the sort of system where extremely personal issues, like the age at which people choose to retire, becomes a matter government policy.
February 25th, 2005 22:04
Will,
Correct me if I’m wrong but it seems Tim got his math wrong. In Matt’s model there are no future surpluses as Tim predicts. There is a real transition cost that the government finances by borrowing.
March 4th, 2005 12:36
just a question, is it not true that the SSA gives a “retirement age” at which one can receive benefits, but they don’t actually stop you from working? As flawed as the system is, if this is true, it is not coercive in that sense.