The Economics of Social Protection

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Analyzing social protection through an economic lens, this Element explores the design and political sustainability of social protection programs. It evaluates their efficiency and performance within the welfare state, and contrasts social versus private insurance, particularly regarding health and pensions. The work also delves into optimal insurance contract design while addressing the challenges posed by asymmetric information that can influence government policy decisions. Each section builds on the previous to provide a comprehensive understanding of social protection economics.