Element contents
Series: Elements in Public Economics
The Economics of Social Protection
Published online by Cambridge University Press: 04 September 2023
Summary
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.
- Type
- Element
- Information
- Series: Elements in Public EconomicsOnline ISBN: 9781009295475Publisher: Cambridge University PressPrint publication: 28 September 2023
References
Adema, W. (2001). Net social expenditure, second edition, Labor Market and Social Policy, Occasional Papers No. 39, OECD, Paris.Google Scholar
Adema, W., Fron, P., and Ladaique, M. (2011). Is the European welfare state really more expensive? Indicators on social spending, 1980–2012; and a manual to the OECD Social Expenditure Database (SOCX), OECD Social, Employment and Migration Working Papers, No. 124, OECD, Paris.Google Scholar
Akerlof, G. (1978). Tagging as applied to the optimal income tax, welfare programs, and manpower planning, The American Economic Review, 68, 8–19.Google Scholar
Arrow, K. (1963). Uncertainty and the welfare economics of medical care, American Economic Review, 53, 941–973.Google Scholar
Atkinson, A. B. (1991). Social insurance, The Geneva Papers on Risk and Insurance Theory, 16, 113–132.CrossRefGoogle Scholar
Barr, N. (2020). The Economics of the Welfare State (6th ed.), Oxford University Press, Oxford.Google Scholar
Besley, T. and Coate, S. (1992). Workfare versus welfare: incentive arguments for work requirement in poverty alleviation programs, American Economic Review, 82(1), 249–261.Google Scholar
Biggs, A., Sarney, M., and Tamborini, C. (2009). A Progressivity Index for Social Security, Social Security Office of Retirement and Disability Policy, Issue Paper No. 2009-01, www.ssa.gov/policy/docs/issuepapers/ip2009-01.html.Google Scholar
Blackorby, C. and Donaldson, D. (1988). Cash versus kind, self-selection and efficient transfers, American Economics Review, 78, 691–700.Google Scholar
Boadway, R., Marchand, M., Leite Monteiro, M., and Pestieau, P. (2003). Social insurance and redistribution, in Cnossen, S. and Sinn, H.-W. (eds.), Public Finance and Public Policy in the New Century, Massachusetts Institute of Technology Press, Cambridge, MA, 333–358.Google Scholar
Bosworth, B. and Burtless, G. (2004). Pension reform and saving, National Tax Journal, 57, 703–728.CrossRefGoogle Scholar
Casamatta, G., Cremer, H., and Pestieau, P. (2000). Political sustainability and the design of social insurance, Journal of Public Economics, 75(3), 341–364.Google Scholar
Cherchye, L., De Witte, K., Ooghe, E., and Nicaise, I. (2010). Efficiency and equity in private and public education: a nonparametric comparison, European Journal of Operational Research, 202(2), 563–573.Google Scholar
Coelli, T. J., Lefebvre, M., and Pestieau, P. (2010). On the convergence of social protection performance in the European Union, CESIfo Economic Studies, 56(2), 300–322.Google Scholar
Conde-Ruiz, I. and Profeta, P. (2007). The redistributive design of social security systems, The Economic Journal, 117, 686–712.Google Scholar
Cremer, H. and Gahvari, F. (1997). In-kind transfers, self-selection and optimal tax policy, European Economic Review, 41, 97–114.Google Scholar
Cremer, H. and Pestieau, P. (1996). Redistributive taxation and social insurance, International Taxation and Public Finance, 3, 259–280.Google Scholar
Drèze, J. and Schokkaert, E. (2013). Arrow’s theorem of the deductible: moral hazard and stop-loss in health insurance, Journal of Risk and Uncertainty, 47, 147–163.CrossRefGoogle Scholar
Einav, L. and Finkelstein, A. (2018). Moral hasard in health insurance: what we know and how we know it, Journal of the European Economic Association, 16, 957–982.Google Scholar
Esping-Andersen, G. (1990). The Three Worlds of Welfare Capitalism, Princeton University Press, Princeton.Google Scholar
Gruber, J. and Wise, D. (1999). Social Security and Tax on Work around the World, NBER Book Series, The University of Chicago Press, Chicago.Google Scholar
Korpi, W. and Palme, J. (1998). The paradox of redistribution and strategies of equality: welfare institutions, inequality, and poverty in the Western countries, American Sociological Review, 63(5), 661–687.Google Scholar
Korpi, W. and Palme, J. (2003). New politics and class politics in the context of austerity and globalization: welfare states regress in 18 countries, 1975–95, American Political Science Review, 97, 425–446.CrossRefGoogle Scholar
Lefebvre, M., Perelman, S., and Pestieau, P. (2017). Productivity and performance in the public sector, in Grifell-Tatjé, E., Lovell, C. A. K., and Sickles, R. C., (eds.), The Oxford Handbook of Productivity Analysis, Oxford University Press, Oxford.Google Scholar
Musgrave, R. (1981). Reappraisal of financing social security. In Musgrave, R. (1986): Public Finance in a Democratic Society. Vol. II: Fiscal Doctrine, Growth and Institutions. New York: New York University Press, pp. 103–122.Google Scholar
Paulus, A., Sutherland, H., and Tsaklogou, P. (2010). The distributional impact of in-kind public benefits in European countries, Journal of Policy Analysis and Management, 29(2), 243–266.Google Scholar
Pestieau, P. and Lefebvre, M. (2018). The Welfare State in Europe: Economic and Social Perspectives, Oxford University Press, Oxford.Google Scholar
Rothschild, M. and Stiglitz, J. (1976). Equilibrium in competitive insurance markets: an essay on the economics of imperfect information, Quarterly Journal of Economics, 90, 629–649.Google Scholar
Rochet, J.-Ch. (1991). Incentives, redistribution and social insurance, The Geneva Papers on Risk and Insurance Theory, 16, 143–166.Google Scholar
Sorensen, P.-B. (2003). Social insurance based on individual savings accounts, in Cnossen, S. and Sinn, H.-W., eds., Public Finance in the New Millennium, Massachusetts Institute of Technology Press.Google Scholar
Yaari, M. (1965). Uncertain lifetime, life Insurance, and the theory of the consumer. Review of Economic Studies, 32(2), 137–150.Google Scholar
- 1
- Cited by