Please answer completely but concisely! What are the principles of Pay As You Go (PAYGO) employment insurance? Why is it considered more advantageous to the older generation? If it is assumed that the...

Please answer completely but concisely!

1. What are the principles of Pay As You Go (PAYGO) employment insurance? Why is it considered more advantageous to the older generation?


2. If it is assumed that the rate of return from Social Security is lower than private savings, what is the impact on an individual's saving attitude? Use the graph to explain the mechanism that occurs.