Public insurance against idiosyncratic and aggregate risk : the case of social security and progressive income taxation

Dirk Krueger

In this article, I discuss the role a progressive income tax system and a redistributive pay as you go (PAYGO) social security system can play in insuring and reallocating idiosyncratic as well as aggregate risk. I also argue that the underlying source of market failures generating such a role for government intervention may be crucial when determining the normative consequences of such social insurance

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Year of publication:	2006
Authors:	Krueger, Dirk
Published in:	CESifo economic studies : CESifo, a joint initiative of the University of Munich's Center for Economic Studies and the Ifo Institute. - Oxford : Oxford Univ. Press, ISSN 1610-241X, ZDB-ID 2098761-4. - Vol. 52.2006, 4, p. 587-620
Subject:	Soziale Sicherheit \| Social security \| Sozialversicherung \| Social insurance \| Umlageverfahren \| Pay-as-you-go \| Risiko \| Risk \| Steuerprogression \| Progressive taxation \| Einkommensteuer \| Income tax \| Theorie \| Theory

Extent:	graph. Darst.
Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Source:	ECONIS - Online Catalogue of the ZBW

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