Norms, Incentives and Information in Income Insurance

Norms, Incentives and Information in Income Insurance

Assar Lindbeck presented a paper on how social norms, moral hazard, and those incentive structures interact–how do norms keep people from gaming the system? How can optimum insurance contracts enforce them, or even harness them to improve the welfare...

Summary

Assar Lindbeck presented a paper on how social norms, moral hazard, and those incentive structures interact–how do norms keep people from gaming the system? How can optimum insurance contracts enforce them, or even harness them to improve the welfare of all?

Details

Duration:
40 minutes, 11 seconds
Recorded:
October 31, 2014
Published: November 26, 2014