Solved

Compared to Workers with Less Education,people Who Have More Education

Question 46

Multiple Choice

Compared to workers with less education,people who have more education tend to earn higher wages and have higher pensions upon retirement.Given this observation,which of the following statements best explains why those persons with more education also retire at a later age?


A) If tastes for leisure are the same,the effect of the higher pension must outweigh the effects of the higher wages
B) If tastes for leisure are the same,the effects of the higher wages must outweigh the effects of the higher pensions
C) Since higher wages and pensions both suggest a lower retirement age,those with more education must value leisure less
D) Regardless of the tastes for leisure,the higher wages and pensions would both suggest a higher retirement age

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents