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The Economics of Social Protection

Pierre Pestieau
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Pierre Pestieau: Université catholique de Louvain, LIDAM/CORE, Belgium

No 3266, LIDAM Reprints CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: The objective of this Element is to provide an analysis of social protection from an economic perspective. It relies on tools and methods widely used in public and insurance economics and comprises four main section besides the introduction. The first section is devoted to the design of social protection programs and their political sustainability. The second section assesses the efficiency and performance of social protection programs, and of the welfare state as a whole. In the third section, the relative merits of social and private insurance are analyzed as well as the design of optimum insurance contract with emphasis on health and pensions. The last section focuses on the implications of asymmetric information that may lead governments to adopt policies that would otherwise be rejected in a perfect information setting.

Keywords: Welfare state; social protection; private and social insurance; social assistance; redistribution (search for similar items in EconPapers)
Date: 2023-09-28
Note: Cambridge University Press, 2023. ISBN 9781009295475
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvrp:3266

DOI: 10.1017/9781009295475

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