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How would this influence labour market decisions of those

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Question: The amount an individual receives from the Canadian Pension Plan (CPP) depends on how much that person contributed up to a monthly maximum amount. Currently, the maximum a retiree can receive is $1306.57, and the average payment is $717.15. Suppose the CPP is changed so that everyone receives the same monthly amount (say, $900). How would this influence labour market decisions of those receiving CPP payments? Carefully explain.

Reference no: EM133576406

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