| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8062 |
| DP8062 Public and Private Insurance with Costly Transactions | |
| Giuseppe Bertola; Winfried Koeniger | |
| 发表日期 | 2010-10-18 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show that efficient transfer schemes should take into account the impact of insurance on unobservable effort and saving choices as well as the relative cost of public and private insurance technologies. We provide suggestive evidence for the empirical relevance of these results by inspecting the cross-country relationship between available indicators of insurance transaction costs and variation in public and private insurance. |
| 主题 | Labour Economics ; Public Economics |
| 关键词 | First-order approach. Moral hazard Redistribution |
| URL | https://cepr.org/publications/dp8062 |
| 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/536878 |
| 推荐引用方式 GB/T 7714 | Giuseppe Bertola,Winfried Koeniger. DP8062 Public and Private Insurance with Costly Transactions. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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