Social Security may result in an increase in the supply of labor because it induces workers to retire at an earlier age.

Name: Social Security may result in an increase in the supply of labor because it induces workers to retire at an earlier age.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is false. Social Security may actually have the opposite effect by providing a financial safety net for older workers, allowing them to continue working past their anticipated retirement age.

Social Security May Result in an Increase in the Supply