Eichner, Thomas - In: Economics Bulletin 33 (2013) 4, pp. 2672-2681
, should respond to increases in the skewness of the risk distribution. Income risks can be hedged either by individual self …-insurance or by social insurance. It is shown that skewness-affine agents reduce both self-insurance and social insurance in … response to an increase in income skewness. Thus countries with a more right-skewed income distribution have less …