Senator Deal proposes to offer a choice to future retirees: if you retire before age 70, the benefits are calculated on the last 35 years of income; if you retire at age 73, however, you receive benefits calculated on only the last 15 years of income. Which option are high-income workers likely to choose? Low-income workers? Why?
Answer to relevant QuestionsConsider two households, the Smiths and the Joneses. The Smiths are a two-earner household: both Dick and Jane Smith work and earn the same amount each year. The Joneses are a one-earner household: Sally Jones works while ...The Social Security Administration Web site has a link to a publication entitled Social Security Programs Throughout the World. The European version is online at ...For each of the reforms listed, briefly discuss the pros and cons of the reform, paying attention in particular to efficiency implications (through potential behavioral responses to the change) and equity implications (who ...Governments typically provide DI and UI to workers. In contrast, governments typically mandate that firms provide workers’ compensation insurance to their workers but do not provide the coverage. Why the difference? Why ...Suppose the U.S. government gets rid of the tax exemption for employer-provided health insurance. Instead, the government provides a 20% subsidy on employer provided health insurance, so that the employer only has to pay 80% ...
Post your question