A 2006 law designed to boost employees' retirement-savings is having the opposite effect for some people. 1)
Question:
1) Is it rational for a person to not increase a savings rate over time that was initially set too low?
2) Why do people succumb to this irrational behavior?
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1 Yes We know that saving means that an income that will ...View the full answer
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Related Book For 
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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