Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259937 
Authors: 
Year of Publication: 
2007
Series/Report no.: 
Working Paper No. 2007:2
Publisher: 
Lund University, School of Economics and Management, Department of Economics, Lund
Abstract: 
Revisiting Parsons' 1996 article about disability insurance with imperfect tagging in a two type-economy -- individuals are either able or disabled. Here Parsons' analysis is extended in several directions. The model is generalized to allow for different utility functions over work status. The analysis extends to three different cases of a two-type economy. Finally Parsons' model is extended to three types: able, partially disabled and disabled - adapting the model to disability insurances allowing for more than two degrees of disability. The results are consistent with Parsons', but a complete ranking of the consumption allocations cannot be achieved in the general case.
Subjects: 
social insurance
imperfect tagging
partial disability
JEL: 
H21
H53
Document Type: 
Working Paper

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