Guinnane, Timothy W.; Streb, Jochen - In: The Journal of Economic History 71 (2011) 01, pp. 70-104
The <italic>Knappschaft</italic> was a mutual association through which German miners insured themselves against accident, illness, and old age. The <italic>Knappschaft</italic> underlies Bismarck's sickness and accident insurance legislation, and thus Germany's system today. This article focuses on moral hazard, which plagued...