What are the consequences of a system on economic efficiency

Reference no: EM131144694

a. Why might a pay-as-you-go social security system transfer resources from the young to the old?

b. What are the consequences of such a system on economic efficiency?

c. Are there other ways to structure a social security system that might alleviate some of the problems associated with this one? Explain.

Reference no: EM131144694

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