Not to mention all the Americans who choose to consume at American levels (considerably higher than European levels), rather than saving.
As for people at the bottom, they typically do choose free time over money. About 90% of those classified by the government as poor choose not to work full time, for example.
They choose not to, or there's no full time work for them to take so they work part time instead?
It may be that they make the choice (I admit to not having read the paper), but lets not jump to that assumption just because they're not in full time work.
As for people at the bottom, they typically do choose free time over money. About 90% of those classified by the government as poor choose not to work full time, for example.
http://www.bls.gov/cps/cpswp2010.pdf