| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4851 |
| DP4851 Long run Effects of Public Sector Sponsored Training in West Germany | |
| Ruth Miquel; Michael Lechner; Conny Wunsch | |
| 发表日期 | 2005-01-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We study the political economy of social insurance in a world where individuals differ in both income and risk. Social insurance is financed through distortionary taxation and redistributes across income and risk. Individuals vote on social insurance that they can complement with insurance bought on the private market. Private insurance is actuarially fair but suffers from adverse selection, which results in a screening equilibrium with partial coverage. The equilibrium social insurance is the result of an electoral competition game where parties maximize the utility of their members. We calculate the equilibrium social insurance offered by the two parties as well as their equilibrium membership, and study how the equilibrium outcome is affected by electoral uncertainty, distortions from taxation, risk aversion and the distribution of risk and income. We then calibrate the model to US data from the PSID survey. Lastly, we study how the political demand for social insurance is affected by the possibility to redistribute through income taxation. |
| 主题 | Public Economics |
| 关键词 | Political economy Social insurance Redistribution Adverse selection |
| URL | https://cepr.org/publications/dp4851 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533759 |
| 推荐引用方式 GB/T 7714 | Ruth Miquel,Michael Lechner,Conny Wunsch. DP4851 Long run Effects of Public Sector Sponsored Training in West Germany. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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