Economics of Social Protection

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.

List of contents

1. Introduction; 2. Design and sustainability; 3. Performance of the welfare state; 4. Social protection and private insurance; 5. Social policies under asymmetric information; 6. Conclusion; Appendix; References.

Summary

This Element provides an analysis of social protection from an economic perspective. It describes the design of social protection programs, assesses the efficiency and performance of social protection programs, analyzes the relative merits of social and private insurance, and focuses on the implications of asymmetric information.

Foreword

This Element presents a rigorous analysis of social protection based on tools and methods developed in public and insurance economics.

Product details

• Authors: Pierre Pestieau, Pierre (Universite De Liege and Universi Pestieau, Pestieau Pierre
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 31.10.2023
• EAN: 9781009454155
• ISBN: 978-1-0-0945415-5
• Series: Elements in Public Economics
• Subjects: Social sciences, law, business > Political science > Political science and political education; POLITICAL SCIENCE / Public Policy / Economic Policy, Welfare economics, Economic systems & structures, Monetary Economics, social insurance law, Mixed economic systems