According to the wealth substitution effect, Social Security allows parents to leave their children a bigger bequest, thereby reducing the children's incentive to save.
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Q9: Social Security is indexed for inflation, while
Q10: If the supply curve of labor is
Q11: Social Security may result in an increase
Q12: Social Security has significantly improved the financial
Q13: The income effect of a wage decrease
Q15: Congress probably intended for workers to bear
Q16: Studies clearly indicate that Social Security has
Q17: Increasing the retirement age for OASI has
Q18: Most private retirement plans are indexed for
Q19: Social Security provides periodic benefit payments to
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