Education and former occupation largely determine income in old age.Which of the following explains this effect?

Question

Quizplus · Accepted Answer

The political economy perspective suggests that social and economic systems, such as education and occupation, play a significant role in determining an individual's income in old age. This perspective emphasizes the impact of political and economic institutions on these systems and recognizes the role of power relations and social structure in influencing individual outcomes.

Education and Former Occupation Largely Determine Income in Old Age