Which one of the following is not a plausible explanation of the observed change in the participation rate of males age 65 and older since World War II?
A)Growth in the percentage of the labor force covered by private pensions
B)Cutbacks in Social Security benefits
C)The long-term growth of average real incomes and wealth
D)The increased generosity of the disability component of Social Security

Question

Quizplus · Accepted Answer

Cutbacks in Social Security benefits would likely increase the participation rate of males age 65 and older, as they might need to work longer to compensate for reduced benefits, not decrease their participation. The other options (A, C, D) are plausible explanations for a decrease in participation rate due to financial security allowing for earlier retirement.

Which One of the Following Is Not a Plausible Explanation