When Workers Save Less During Their Working Lives Due to the Fact

question 27

Multiple Choice

When workers save less during their working lives due to the fact that they have been contributing to their public pension, this is known as

• A)the bequest effect.
• B)the life cycle model.
• C)the wealth substitution effect.
• D)the public pension wealth effect.

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Definitions:

Catatonic

A behavioral syndrome marked by an inability to move normally, often associated with schizophrenia.

Acute

Describes conditions, diseases, or symptoms that are severe and sudden in onset but typically short-lived.

Process

A series of actions or steps taken in order to achieve a particular end.

Genetic Predisposition

A higher chance of getting a certain disease due to an individual's genetic composition.