3. Describe the pros and cons of abolishing mandatory retirement. Under what conditions would you suggest abolishing
Question:
3. Describe the pros and cons of abolishing mandatory retirement. Under what conditions would you suggest abolishing mandatory retirement?
4. Discuss: “Workfare is an efficient way to transfer income if the quantity of leisure consumed by the recipient appears in the utility function of the donor.”
5. Universities argue that federal research grants should cover the full cost of the research, including research infrastructure. Using a diagram and the concept of matching grants, explain how research grants that cover only a portion of the full cost may divert university resources away from undergraduate teaching.
6. An empirical correlation between height and income has been consistently observed. Specifically, studies find that taller people have higher incomes: every extra inch in height amounts to a predicted salary increase of nearly $800 per year (Judge and Cable 2004). On the basis of optimal tax theory, does it make sense to tax individuals based on height rather than income Why? What objections might be raised against using height as a basis for taxation?
Expert Answer:
3 Answer Mandatory retirement is a company policy that requires employees to retire at a set age On one hand companies with a mandatory retirement policy might avoid becoming stale and outdated by con... View the full answer
