Municipal employees and private-sector employees in Finland belong to separate earnings-related pension systems. Both systems are financed by contributions from the payroll, and are mostly pay-as-you-go. Thus if a municipality decides to buy services from the private sector, instead of producing...

This study examines structures and challenges in the Finnish well-being sector from the innovation activity perspective. Firstly, it compares the quality and productivity based on international statistics and research reports, and R&D&I activities in the well-being sector. It investigates also...

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...

This study examines structures and challenges in the Finnish well-being sector from the innovation activity perspective. Firstly, it compares the quality and productivity based on international statistics and research reports, and R&D&I activities in the well-being sector. It investigates also...

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...

We analyse how alternative reforms of the student financial aid would influence average study duration, government expenditures, and tax revenues. We also consider the reform that has been proposed by the current government (in 2016) which consists of lowering the monthly student grant and...