INCENTIVES AND GOVERNMENT RELIEF FOR RISK

被引:78
|
作者
KAPLOW, L [1 ]
机构
[1] NATL BUR ECON RES,CAMBRIDGE,MA 02138
关键词
INSURANCE; MORAL HAZARD; RELIEF; RISK;
D O I
10.1007/BF00056124
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Government relief is offered for a wide range of risks-natural disaster, economic dislocation, sickness, and injury. This article explores the effect of such relief on incentives and the allocation of risk in a model with private insurance. It is shown that government relief is inefficient, even when its level is less than the private insurance coverage that individuals would otherwise have purchased and even when private insurance coverage is incomplete due to problems of moral hazard. © 1991 Kluwer Academic Publishers.
引用
收藏
页码:167 / 175
页数:9
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