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Effects of a compulsory retirement saving fund
Hi, I couldn't find the answer to this question in the textbook.
The country of Utopia is considering the introduction of a compulsory retirement saving scheme. Under the scheme, all workers are required to save 10% of their annual wages and salaries until they retire. Use the supply and demand model for saving and investment to explain the likely effects on this scheme on national saving, investment and the real interest rate in Utopia (assumed closed economy) Your help is much appreciated!! :confused: |
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