Question
Gruber (2000) found evidence that the elasticity of labor supply with respect to disability insurance benefits is considerably smaller than the estimates of the elasticity
Gruber (2000) found evidence that the elasticity of labor supply with respect to disability insurance benefits is considerably smaller than the estimates of the elasticity of unemployment durations with respect to unemployment insurance benefits. Why might moral hazard be less of an issue in the disability insurance program than in the unemployment insurance program?
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Moral hazard is the risk that occurs when one party gets involved in an event which is risky knowing ...
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
