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A Continuous Model ...
A Continuous Model of Income Insurance
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- Lindbeck, Assar (författare)
- Stockholms universitet,Institutet för internationell ekonomi
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- Persson, Mats (författare)
- Stockholms universitet,Institutet för internationell ekonomi
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(creator_code:org_t)
- Stockholm : IIES, 2008
- Engelska 43 s.
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Serie: Seminar Paper / Institute for International Economic Studies, Stockholm University. (Online), 1653-610X ; 756
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Abstract
Ämnesord
Stäng
- We develop a simple yet realistic model of income insurance, where the individual’s ability and willingness to work is treated as a continuous variable. In this framework, income insurance not only provides income smoothing, it also relieves the individual from particularly burdensome work. As a result, the individual adjusts his labor supply in a continuous fashion to the implicit tax wedge of the insurance system. Moral hazard, in the sense that an individual receives insurance benefits without actually being fully qualified, also becomes a matter of degree. Moreover, our continuous framework makes it easy to analyze both the role of administrative rejection of claims, and the role of social norms, for the utilization of insurance.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- moral hazard
- disability insurance
- work absence
- administrative rejection
- asymmetric information
- social norms
- Economics
- Nationalekonomi
Publikations- och innehållstyp
- vet (ämneskategori)
- rap (ämneskategori)