Retirees today receive a share of the social product over and above what they may have contributed as wage earners.What does Myles (1984)call this?
A) the retirement principle
B) Post Retirement Earnings (PRE)
C) an incremental pension
D) a citizen's wage

Question

Quizplus · Accepted Answer

Myles (1984) refers to this concept as a "citizen's wage," which implies that retirees receive benefits as a right of citizenship, not solely based on their previous contributions as wage earners.

Retirees Today Receive a Share of the Social Product Over