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A model of income insurance and social norms

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dc.creator Lindbeck, Assar
dc.creator Persson, Mats
dc.date 2006
dc.date.accessioned 2013-10-16T07:03:08Z
dc.date.available 2013-10-16T07:03:08Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19139
dc.identifier ppn:510025242
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19139
dc.description A large literature on ex ante moral hazard in income insurance emphasizes that the individual can affect the probability of an income loss by choice of lifestyle and hence, the degree of risk-taking. The much smaller literature on moral hazard ex post mainly analyzes how a ?moral hazard constraint? can make the individual abstain from fraud (?mimicking?). The present paper instead presents a model of moral hazard ex post without a moral hazard constraint; the individual's ability and willingness to work is represented by a continuous stochastic variable in the utility function, and the extent of moral hazard depends on the generosity of the insurance system. Our model is also well suited for analyzing social norms concerning work and benefit dependency.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1675
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject H53
dc.subject I38
dc.subject J21
dc.subject G22
dc.subject ddc:330
dc.subject moral hazard
dc.subject sick pay insurance
dc.subject labor supply
dc.subject asymmetric information
dc.subject Moral Hazard
dc.subject Gesetzliche Krankenversicherung
dc.subject Arbeitsangebot
dc.subject Soziale Norm
dc.subject Asymmetrische Information
dc.title A model of income insurance and social norms
dc.type doc-type:workingPaper


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