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by LeCompteSftware
52 days ago
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It's 48 pages and I haven't read it fully, but it seems almost childlike that the paper doesn't address the obvious confounding variable: "Does Unemployment Make It More Likely for Late Middle-Aged People, Particularly Men, To Drink Alcohol? Evidence From We Obviously Should Have Considered This In The Paper, Perhaps We Are Too Sheltered" To be clear I am not being pedantic. The paper explicitly endorses the policy of pushing back the retirement age specifically because doing so likely reduces cognitive decline. I agree with this, in the same sense that shooting car thieves in the street without a trial reduces automotive theft. "Reducing cognitive decline in people near retirement age" might be better met with psychiatric intervention, so that unemployed people also get some of the benefits. Ignoring this confounding variable and prattling about "causal explanation" - while endorsing the policy of snatching away people's pensions until they work a few more years - is evil born from ignorance. |
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I thought that's the reason why they used "Evidence from Labor Market Shocks"? The idea is that when "Labor Market Shocks" (ie. mass layoffs) happen, the people who lose their jobs are somewhat random, so there isn't the confounding variable of low performers/sick people.