Sosiaalitilit ja moraalikato

Moral hazard means that people with insurance may take greater risks because they know they do not bear the full consequences of their actions. This can occur with both private insurance and social insurance. Deductibles can be used to alleviate the problem. An interesting way to bring deductibles into social insurance is to establish individual social accounts. Mandatory payments into individual social accounts that finance social insurance payments replace taxes that are currently financing social-insurance benefits. At retirement, the remaining balances in the accounts are paid to account holders or added to their retirement benefits. If the account balance is negative at that time, the account is set to zero. The report considers individual unemployment accounts, including severance payments accounts and employment bonuses, and health and long-term care accounts.

Publication info

Series
Discussion Papers no. 1181
Date
2009
Avainsanat
sosiaalivakuutus, moraalikato, sosiaalitilit
Keywords
social insurance, moral hazard, individual social accounts
JEL
H53,H55
Pages
33
Price
10 €
Availability of print version
Language
Finnish