Academic

PENSION PROBLEMS: THE ?VIAGRA EFFECT.? ?The widespread tendency in Brazil for men to remarry women?

By Glenn Reynolds

PENSION PROBLEMS: THE “VIAGRA EFFECT.” “The widespread tendency in Brazil for men to remarry women several decades younger — called the ‘Viagra effect’ — is undermining the country’s pension system, researchers warned Tuesday. The report, by Brazil’s National Social Security Institute (INSS), showed that a trend of men in their 60s marrying women half their age was leaving a big pool of young widows collecting benefits for much longer than anticipated. . . . Under current laws, when a retired man dies, his wife continues to receive his full pension until her own death. According to the INSS, 94 percent of pensions go to women.” (Via Tyler Cowen.)

Full post as published by Instapundit.com on August 24, 2009 (boomark / email).