Over the last half century, there has been a significant change in the number of current workers per retired person who qualifies for Social Security. How has the ratio changed? OIt has increased. O It has decreased. It has changed, but, due to data issues, no knows for sure whether it increased or decreased. O It has increased but by less than 10 percent. It has gone up and down, and the differences have cancelled out.

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter11: The Market For Pharmaceuticals
Section: Chapter Questions
Problem 3QAP
icon
Related questions
Question
Over the last half century, there has been a significant change in the number of current
workers per retired person who qualifies for Social Security. How has the ratio changed?
It has increased.
It has decreased.
OIt has changed, but, due to data issues, no knows for sure whether it increased or
decreased.
It has increased but by less than 10 percent.
It has gone up and down, and the differences have cancelled out.
Transcribed Image Text:Over the last half century, there has been a significant change in the number of current workers per retired person who qualifies for Social Security. How has the ratio changed? It has increased. It has decreased. OIt has changed, but, due to data issues, no knows for sure whether it increased or decreased. It has increased but by less than 10 percent. It has gone up and down, and the differences have cancelled out.
1. Some critics have argued that Social Security is unfair to women. For example, it has
been argued that there is a "widow's gap." What is the widow's gap?
OIt's the gap of time between the death of the spouse and the surviving spouse starting a
new job.
O It's a gap between the social security benefit of the deceased spouse and the cost of
living.
O It's a gap between Social Security payments and the price of health insurance for people
with preexisting conditions.
O It's a gap of time when she is not covered by health insurance.
It's the gap of time between the youngest child turning 16 and the normal retirement age,
when the surviving spouse turns 60.
Transcribed Image Text:1. Some critics have argued that Social Security is unfair to women. For example, it has been argued that there is a "widow's gap." What is the widow's gap? OIt's the gap of time between the death of the spouse and the surviving spouse starting a new job. O It's a gap between the social security benefit of the deceased spouse and the cost of living. O It's a gap between Social Security payments and the price of health insurance for people with preexisting conditions. O It's a gap of time when she is not covered by health insurance. It's the gap of time between the youngest child turning 16 and the normal retirement age, when the surviving spouse turns 60.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Income Security Program
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK HEALTH ECONOMICS AND POLICY
EBK HEALTH ECONOMICS AND POLICY
Economics
ISBN:
9781337668279
Author:
Henderson
Publisher:
YUZU
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Macroeconomics: Private and Public Choice (MindTa…
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Microeconomics: Private and Public Choice (MindTa…
Microeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506893
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning