The Economy Today
The Creation of a Retirement Program,such as the Social Security
The creation of a retirement program,such as the Social Security program,will cause an increase in the wage rate,ceteris paribus.
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Social Security payments depend on an individual's wages,but the benefits formula is progressive.
The earnings test reduces the amount of Social Security payments a retiree can collect unless she or he is under 60.
What are in-kind transfers,and why are they more target-efficient than cash transfers?
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