Citation

Discussion Paper Details

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Title: Social Insurance, Education, and Work Ethics

Author(s): Mark Gradstein

Publication Date: May 2010

Keyword(s): education policies, moral hazard and social insurance

Programme Area(s): Public Economics

Abstract: This research shows that moral hazard associated with extant social insurance arrangements causes underinvestment in human capital, because of government?s inability to commit to welfare policies. It then argues that education policies, such as education subsidies or direct public investment in education, may achieve a second best and also help alleviating the deterioration of work norms.

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Bibliographic Reference

Gradstein, M. 2010. 'Social Insurance, Education, and Work Ethics'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=7838