Allison Schrager, senior fellow at The Manhattan Institute and author of “An Economist Walks Into A Brothel,” sits down with Ramsey Smith of ALEX.fyi to discuss potential solutions to the global retirement crisis. Schrager argues that retirees are taking on too much risk with their portfolios by over-allocating to risky assets. She also explains why retirees are under-allocating to long-duration bonds. Smith and Schrager muse whether the idea of “retirement” should itself be reimagined and shed light on the current pension-related political conflagrations in France and Chile. Filmed on February 5, 2020, in New York.