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- W3124098003 abstract "The paper constructs an asymmetric information model to investigate the efficiency and equity cases for government mandated benefits. A mandate can improve workers' insurance, and may also redistribute in favour of more deserving workers. The risk is that it may also reduce output. The more diverse are free market contracts - separating the various worker types - the more likely it is that such output effects will on balance serve to reduce welfare. It is shown that adverse effects can be reduced by restricting mandates to larger firms. An alternative to a mandate is direct government provision. We demonstrate that direct government provision has the advantage over mandates of preserving separations." @default.
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- W3124098003 date "2005-11-01" @default.
- W3124098003 modified "2023-10-04" @default.
- W3124098003 title "Building Blocks in the Economics of Mandates" @default.
- W3124098003 hasPublicationYear "2005" @default.
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