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Labor Economics

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One argument for the decreased labor force participation of older men (especially in the 55-64 age group) is the high generosity of post-retirement health benefits. Assume that the cost of health insurance is fixed during one's retirement years and this is completely covered by a retiree's former employer. Show how this might increase the chance that the worker would retire earlier as compared with the situation where the employee had to pay for his own health insurance.

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Labor relations: Discussing Paradoxes

Need assistance and insight discussing the following statements. Any help is greatly appreciated.

1.It has been said that "unions are for capitalism for the same reason that fish are for water," Elobrate upon this statement, drawing from the historical record.

2.Explain the following paradox: Until relatively recent years skilled workers who enjoyed comparatively high levels of income and status constituted the main source of union membership.

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