Mandatory retirement in many countries


Question 1. Why is there mandatory retirement in many countries?

Question 2. What factors create the link between wages and productivity that is at the heart of efficiency wage models?

Question 3. Why is the Philips’s curve vertical in the long run?

Question 4. Why do efficiency wages generate involuntary unemployment? What factors prevent the market from clearing in efficiency wage models?

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Microeconomics: Mandatory retirement in many countries
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