An effect that induces workers to substitute Social Security wealth for other types of wealth that could be financed by saving is:

Question

Quizplus · Accepted Answer

The effect that induces workers to substitute Social Security wealth for other types of wealth that could be financed by saving is called the wealth substitution effect. This effect occurs because Social Security provides a form of retirement income that workers may rely on instead of saving on their own, causing them to substitute saving for Social Security benefits.

An Effect That Induces Workers to Substitute Social Security Wealth