| 1. |
- Lindbeck, Assar, et al.
(author)
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A Continuous Model of Income Insurance
- 2013
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In: International Tax and Public Finance. - : Springer Science and Business Media LLC. - 0927-5940 .- 1573-6970. ; 20:6, s. 938-960
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Journal article (peer-reviewed)abstract
- In this paper we treat an individual's health as a continuous variable, in contrast to the traditional literature on income insurance, where it is assumed that the individual is either able or unable to work. A continuous treatment of an individual's health sheds new light on the role of income insurance and makes it possible to capture a number of real-world phenomena that are not easily captured in the traditional, dichotomous models. In particular, we show that moral hazard is not necessarily outright fraud, but a gradual adjustment of the willingness to work, depending on preferences and the conditions stated in the insurance contract. Further, the model can easily encompass phenomena such as administrative rejection of claims, and it clarifies the conditions for the desirability of insurance in the first place.
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| 2. |
- Lindbeck, Assar, et al.
(author)
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A Continuous Theory of Income Insurance
- 2010
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Reports (other academic/artistic)abstract
- In this paper we treat an individual’s health as a continuous variable, in contrast to the traditional literature on income insurance, where it is regularly treated as a binary variable. This is not a minor technical matter; in fact, a continuous treatment of an individual’s health sheds new light on the role and functioning of income insurance and makes it possible to capture a number of real-world phenomena that are not easily captured in binary models. In particular, moral hazard is not regarded as outright fraud, but as a gradual adjustment of the willingness to go to work when income insurance is available. Further, the model can easily encompass phenomena such as administrative rejection of claims and the role of social norms. It also gives a rich view of the desirability of insurance in the first place.
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| 3. |
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| 4. |
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| 5. |
- Lindbeck, Assar
(author)
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Lärdomar av finanskrisen
- 2010
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In: Ekonomisk debatt. - Stockholm : Nationalekonomiska Föreningen. - 0345-2646. ; :4
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Journal article (peer-reviewed)
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| 6. |
- Lindbeck, Assar
(author)
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Nationalekonomi : vad är det?
- 2012
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In: Kungl. Vitterhets Historie och Antikvitets Akademiens årsbok. - Stockholm : Kungl. Vitterhets Historie och Antikvitets Akademien. ; , s. 103-112
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Book chapter (other academic/artistic)
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| 7. |
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