A current worker may save more towards retirement so that he or she will have more to leave his or her children later. This is known as the
A) wealth substitution effect.
B) retirement effect.
C) savings effect.
D) bequest effect.
Correct Answer:
Verified
Q7: A fully funded plan
A)requires current working citizens
Q8: Consumption smoothing is
A)increasing consumption in high-earning years
Q9: The Old Age Security program is used
Q10: The Old Age Security program has played
Q11: Some young people may decide not to
Q13: The retirement effect is
A)when people retire earlier
Q14: Having a public pension plan makes people
Q15: The Canada Pension Plan contribution rate has
Q16: Pensions and annuities that account for inflation
Q17: In 2013-14, the Old Age Security program
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