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dc.contributor.authorBertola, Giuseppeen_US
dc.contributor.authorKoeniger, Winfrieden_US
dc.date.accessioned2011-05-24en_US
dc.date.accessioned2011-06-28T13:57:11Z-
dc.date.available2011-06-28T13:57:11Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/46181-
dc.description.abstractWe characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show that efficient transfer schemes should take into account the impact of insurance on unobservable effort and saving choices as well as the relative cost of public and private insurance technologies. We provide suggestive evidence for the empirical relevance of these results by inspecting the cross-country relationship between available indicators of insurance transaction costs and variation in public and private insurance.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5201en_US
dc.subject.jelE21en_US
dc.subject.jelD82en_US
dc.subject.jelH21en_US
dc.subject.jelG22en_US
dc.subject.ddc330en_US
dc.subject.keywordpublic transfersen_US
dc.subject.keywordprivate insuranceen_US
dc.subject.keywordmoral hazarden_US
dc.subject.keywordtransaction costsen_US
dc.subject.stwPrivatversicherungen_US
dc.subject.stwVersicherungen_US
dc.subject.stwTransaktionskostenen_US
dc.subject.stwMoral Hazarden_US
dc.subject.stwÖffentlicher Transferen_US
dc.subject.stwTheorieen_US
dc.titlePublic and private insurance with costly transactionsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn659479540en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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