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The emphasis on lifetime spending power in this paper is odd, since most people wouldn't choose to starve through their 20s and 30s in return for the ability to
by takno 11y ago
The emphasis on lifetime spending power in this paper is odd, since most people wouldn't choose to starve through their 20s and 30s in return for the ability to spend more on luxuries towards the end of their lives. I suspect they are also assuming that young people today will end up with the same spending power as today's seniors, which is a pretty questionable scenario.
Overall the article leaves the impression of authors with a conclusion in mind and a determination to find data which matches