Social Insurance, Incentives and Risk-Taking

Hans-Wemer Sinn

Chapter 3 in Public Finance in a Changing World, 1998, pp 73-100 from Palgrave Macmillan

Abstract: Abstract The welfare state has come under heavy attack in recent years. It has been blamed for reducing international competitiveness, for lowering work incentives and for reducing the economy’s growth rate. In short, the welfare state is seen as an institution that makes the distribution of the slices more equal, but incurs a large cost in terms of reducing the size of the cake.

Keywords: Welfare State; Private Insurance; Moral Hazard; Indifference Curve; Absolute Risk Aversion (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-14336-8_4

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