14th Annual Lecture of the Geneva Association: Uncertainty under the Welfare State - Policy-induced Risk - &ast

Assar Lindbeck

The Geneva Papers on Risk and Insurance - Issues and Practice, 1994, vol. 19, issue 4, 379-393

Abstract: Welfare state arrangements not only mitigate income risk, they also create new types of risks; we may call them “policy-induced risks”. In some cases, market risk is replaced by the risk of changes in politically determined rules, “rule instability” for short. In other cases, welfare state arrangements change the character of market risk, and may even increase it. I call this “policy-induced market risk”

Date: 1994
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.palgrave-journals.com/gpp/journal/v19/n4/pdf/gpp199424a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/gpp/journal/v19/n4/full/gpp199424a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gpprii:v:19:y:1994:i:4:p:379-393

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41288/PS2

Access Statistics for this article

The Geneva Papers on Risk and Insurance - Issues and Practice is currently edited by Christophe Courbage

More articles in The Geneva Papers on Risk and Insurance - Issues and Practice from Palgrave Macmillan, The Geneva Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().