How would U.S. labor markets be impacted if the U.S. government reduces Social Security benefits by 20%?

Name: How would U.S. labor markets be impacted if the U.S. government reduces Social Security benefits by 20%?
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Quizplus · Accepted Answer

Reducing Social Security benefits by 20% would likely lead to an increase in labor supply, as individuals, especially older workers, may need to work longer or re-enter the workforce to compensate for the reduction in their expected retirement income.

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