Tag Archives: moral hazard

The moral hazard of life-saving innovations: Naloxone access, opioid abuse, and crime

By Jennifer Doleac and Anita Mukherjee The United States is grappling with an epidemic of opioid abuse and mortality. The U.S. Surgeon General recently called for everyone to carry naloxone — a drug that can save someone’s life if administered … Continue reading

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Countering absenteeism by bringing temporarily disabled workers partly back to work

Disability rolls have been rising for decades in many OECD countries, entailing both a substantial volume of labor withdrawn from the market, as well as heavy social security costs. This has led to increased attention on the trade-off between generosity … Continue reading

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Beware of moral hazard: Joint unemployment insurance for the EMU

The ongoing crisis calls for better fiscal cooperation within the European Economic and Monetary Union (EMU). Beyond tax policy coordination, there is also a strong demand for shock-absorbing mechanisms that could replace the lost instrument of exchange rate adjustment. The … Continue reading

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