6. Explain how moral hazard could lead people to under-save if social security were replaced by voluntary personal accounts.

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter4: Income Tax Withholding
Section: Chapter Questions
Problem 17QR
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6. Explain how moral hazard could lead people to under-save if social security were
replaced by voluntary personal accounts.
Transcribed Image Text:6. Explain how moral hazard could lead people to under-save if social security were replaced by voluntary personal accounts.
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