• DOI:10.1016/J.JPUBECO.2017.03.001
Corpus ID: 52044011

Insurance design in the presence of safety nets

@article{Teh2017InsuranceDI,
  title={Insurance design in the presence of safety nets},
  author={Tse-Ling Teh},
  journal={Journal of Public Economics},
  year={2017},
  volume={149},
  pages={47-58}
}

• Tse-Ling Teh
• Published 2017
• Economics, Business
• Journal of Public Economics

Safety net assistance and insurance exist to manage risk and improve welfare. This shared goal may lead to crowding out. In a new approach, this paper analyzes the interaction of assistance with two dimensions of insurance design: level of coverage and types of risks covered. In a society of risk averse vulnerable individuals and risk neutral assistance providers, Pareto improvements in welfare are achieved through incompleteness in the types of risks covered. The results imply that safety nets… Expand

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