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3. Congressman Jones has proposed a bill that would increase the number of years of earnings counted when computing the Social Security Average Indexed Monthly

3. Congressman Jones has proposed a bill that would increase the number of years of earnings counted when computing the Social Security Average Indexed Monthly Earnings amount from 35 to 40. What would be the effects of this policy change on the retirement behavior of workers? Would the Social Security trust fund balance increase or decrease? Why?

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