Explain why the former may run into problems


Problem

What is the difference between a pay-as-you-go retirement system and a fully funded system? Explain why the former may run into problems if a large generation is followed by a generation with many fewer members.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain why the former may run into problems
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