20. Consider a country in which people start working at around the age of 20 and retire at around the age of 65. All else equal, what will happen to the country’s labor force participation rate if people in the country start living longer, but start working and retire at the same age? (a) The labor force participation rate will not change. (b) The labor force participation rate will fall. (c) The labor force participation rate will rise. (d) It is impossible to say.
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