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09 Mar 2024, 06:02
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Recent research suggests that policy governing the retirement age in a given country affects not only the employment level of those who have reached the retirement age, but also the employment level of workers who are close to the retirement age. The distance effect describes a situation observed in many countries where people who are closest to the retirement age are least likely to be employed.
In Nation X, retirement policies, including retirement age and pension levels, are set on a national level. Each province, however, determines its own policy on unemployment benefits for those who have not yet retired. Recently, the provinces collected various forms of data concerning employment.
Nation X subsequently introduced an incentive scheme to encourage workers to delay retirement beyond the previously mandatory retirement age of 60, in exchange for higher retirement compensation beginning at a later age. This incentive has had two positive effects: it increased the money available in the pension funds due to delayed retirement of currently employed workers and it increased the likelihood that those near the retirement age who are not employed will search for employment.
In Nation X, retirement policies, including retirement age and pension levels, are set on a national level. Each province, however, determines its own policy on unemployment benefits for those who have not yet retired. Recently, the provinces collected various forms of data concerning employment.
Nation X subsequently introduced an incentive scheme to encourage workers to delay retirement beyond the previously mandatory retirement age of 60, in exchange for higher retirement compensation beginning at a later age. This incentive has had two positive effects: it increased the money available in the pension funds due to delayed retirement of currently employed workers and it increased the likelihood that those near the retirement age who are not employed will search for employment.
The incentive scheme has the greatest effect on the employment rates of those workers who are within 5 years of the retirement age.: Consistent
The level of unemployment benefits has a greater impact on the percentage of employed workers age 55-59 than on the percentage of employed workers age 30-49.: Consistent
The distance effect is greater when the level of unemployment benefits is low.: Inconsistent
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
65%
(hard)
Question Stats:
41% (02:48) correct
59%
(02:55)
wrong
based on 152
sessions
History
Date
Time
Result
Not Attempted Yet
For each of the following statements about Nation X, select Consistent if the statement is consistent with the information provided. Otherwise, select Inconsistent.
| Consistent | Inconsistent | |
| The incentive scheme has the greatest effect on the employment rates of those workers who are within 5 years of the retirement age. | ||
| The level of unemployment benefits has a greater impact on the percentage of employed workers age 55-59 than on the percentage of employed workers age 30-49. | ||
| The distance effect is greater when the level of unemployment benefits is low. |
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Official Answer
The incentive scheme has the greatest effect on the employment rates of those workers who are within 5 years of the retirement age.: Consistent
The level of unemployment benefits has a greater impact on the percentage of employed workers age 55-59 than on the percentage of employed workers age 30-49.: Consistent
The distance effect is greater when the level of unemployment benefits is low.: Inconsistent
N/A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
(N/A)
Question Stats:
0% (00:00) correct
0%
(00:00)
wrong
based on 0
sessions
History
Date
Time
Result
Not Attempted Yet
For each of the following statements about Nation X, select Yes if it describes a situation that the given information suggests may have resulted from the experimental incentive scheme. Otherwise, select No.
The table provides evidence of a positive effect discussed in the third paragraph of the introduction.
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
86% (00:58) correct
14%
(01:23)
wrong
based on 93
sessions
History
Date
Time
Result
Not Attempted Yet
Which one of the following statements most accurately describes a relationship between the table and the introduction?
| The table suggests that a phenomenon discussed in the first paragraph of the introduction is not present in Nation X. | |
| The table provides evidence that contradicts research discussed in the first paragraph of the introduction. | |
| The table provides evidence of a positive effect discussed in the third paragraph of the introduction. | |
| The table presents data discussed in the second paragraph of the introduction. | |
| The table demonstrates that a phenomenon discussed in the introduction may be present in the nation as a whole but need not be present in all parts of that nation. |
ShowHide Answer
Official Answer
The table provides evidence of a positive effect discussed in the third paragraph of the introduction.
Attachment:
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Attachment:
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09 Mar 2024, 06:04
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Tab 2:
Tab:3
GMAT-Club-Forum-amik809s.png [ 55.79 KiB | Viewed 1981 times ]
GMAT-Club-Forum-0auh97bp.png [ 30.98 KiB | Viewed 1980 times ]
Tab:3
Attachment:
GMAT-Club-Forum-amik809s.png [ 55.79 KiB | Viewed 1981 times ]
Attachment:
GMAT-Club-Forum-0auh97bp.png [ 30.98 KiB | Viewed 1980 times ]
