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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 6
The labor force participation rate of an age group is the percentage of people of that age who are either working or actively looking for jobs. Would you expect the existence of Social Security to increase or decrease the labor force participation rate for people aged 65 and over? Explain your answer.
Explanation
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Social security is funded by the current...
Economics: The Basics 1st Edition by Mike Mandel
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