Abstract: Abstract Up to now we have been mainly concerned with social insurance, neglecting the role of private insurance as an alternative means of protection. In this chapter, we look at the role of the public versus the private sector in the provision of insurance in light of recent economic and social developments. We believe that the comparison between those two types of insurance cannot be addressed in the same way as 50 years ago, when the welfare state started. Social insurance is now experiencing a number of difficulties. Some of these are linked to recent developments such as fiscal competition, the declining credibility of the state, evolving labor markets, public opinion resisting redistributive policy, and an increasing demand for protection. First, let us clarify some conceptual issues, and give some figures for the evolution and the relative strength of social versus private insurance.
Publication Year: 2005
Publication Date: 2005-12-08
Language: en
Type: book-chapter
Indexed In: ['crossref']
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