search query: @author Anderberg, D. / total: 7
reference: 6 / 7
Author: | Anderberg, D. Andersson, F. |
Title: | Social insurance with risk-reducing investments |
Journal: | Economica
2000 : FEB, VOL. 67:265, p. 37-56 |
Index terms: | SOCIAL SECURITY RISK INVESTMENT |
Language: | eng |
Abstract: | A two-sector model with sector-dependent disability risks is presented. Working in the low-risk sector requires skills that can be obtained by investments in education. Moral hazard precludes full insurance. The labour force allocation is responsive to the incentives created by a social insurance system. The rationale for intervention lies in the government's power to cross-subsidize between the sectors, and it is demonstrated how the responsiveness of the labour force allocation limits cross-subsidization. |
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