SocialInsurance.pdf
moodle.lse.ac.uk/pluginfile.php/1028639/mod_resource/content/4/SocialInsurance.pdf
1 Users
0 Comments
12 Highlights
10 Notes
Tags
Top Highlights
ere u′ > 0, u′′ < 0
cL
u (cL) + (1 − p) u (cH
u (pcL + (1 − p) cH )
(E (c)) > E (u (c)
THE EXPECTED RETURN OF A LOTTERY IS BETTER THAN THE LOTTERY IT
pb
mb − pb = 0
The assumption of observable risks is not realistic.
ceive full insurance in equilibrium?
STATE UI REFORMS USED BY MEYER (1989) AS A QUASI-EXPERIMENT
spect to benefits around 0.8-1. Little effect on incidence of unemployment
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.