Library Header Image
LSE Research Online LSE Library Services

Social insurance as an efficiency device

Barr, Nicholas (1989) Social insurance as an efficiency device. Journal of Public Policy, 9 (1). pp. 59-82. ISSN 0143-814X

Full text not available from this repository.
Identification Number: 10.1017/S0143814X00007972


Irrespective of views about equity, social insurance has a major efficiency role. Because of technical problems in private markets, neither unemployment nor inflation are risks against which private markets can supply actuarial insurance, and medical insurance cannot cover all risks for all types of individual. The existence of social insurance is therefore supported on the grounds that it does things which private, actuarial insurance would either not do at all or would do inefficiently.

Item Type: Article
Divisions: LSE
Sets: Collections > Economists Online
Date Deposited: 27 Apr 2007
Last Modified: 20 Nov 2019 06:10

Actions (login required)

View Item View Item