Question: 1. Does Social Security tend to benefit younger or older generations more, and why? Answer the same questions for men versus women, high-income versus low-income individuals, and two-earner versus one-earner married couples.
2. In her novel Sense and Sensibility, Jane Austen wrote, "If you observe, people always live for-ever when there is any annuity to be paid them." Relate this quotation to the issue of adverse selection in annuity markets.