Addison, John T.; Barrett, C. R.; Siebert, W. S. - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2005
The paper constructs an asymmetric information model to investigate the efficiency and equity cases for government mandated benefits. A mandate can improve workers' insurance, and may also redistribute in favour of more "deserving" workers. The risk is that it may also reduce output. The more...
