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Sosiaalitilit ja moraalikato

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Author Info
Jukka Lassila
Tarmo Valkonen
Abstract

ABSTRACT : Moral hazard means that people with insurance may take greater risks because they know they do not bear the full consequences of their actions. This can occur with both private insurance and social insurance. Deductibles can be used to alleviate the problem. An interesting way to bring deductibles into social insurance is to establish individual social accounts. Mandatory payments into individual social accounts that finance social insurance payments replace taxes that are currently financing social-insurance benefits. At retirement, the remaining balances in the accounts are paid to account holders or added to their retirement benefits. If the account balance is negative at that time, the account is set to zero. The report considers individual unemployment accounts, including severance payments accounts and employment bonuses, and health and long-term care accounts.

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File URL: http://www.etla.fi/files/2263_Dp1181.pdf
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Publisher Info
Paper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1181.

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Length: 33 pages
Date of creation: 19 Mar 2009
Date of revision:
Handle: RePEc:rif:dpaper:1181

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Related research
Keywords: social insurance; moral hazard; individual social accounts;

Find related papers by JEL classification:
H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

This paper has been announced in the following NEP Reports:

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This page was last updated on 2009-11-24.


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