Abstract
In a representative democracy model we determine the preferred social insurance system. We show that it corresponds to that which implies the lowest contribution rate when the risk aversion is high.
| Original language | English |
|---|---|
| Pages (from-to) | 127-134 |
| Number of pages | 8 |
| Journal | Economics Letters |
| Volume | 82 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1 Jan 2004 |
| Externally published | Yes |
Keywords
- Representative democracy
- Social insurance
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