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Private Versus Public Risk Sharing: Should Governments Provide Reinsurance

Henning Bohn
2010 Social Science Research Network  
The paper examines alternative arrangements for intergenerational risk sharing in a small open economy subject to macroeconomic disturbances.  ...  Government has a role in correcting these limitations by providing reinsurance and it can enter insurance arrangements on behalf of future generations.  ...  It is beyond the scope of this paper to suggest specific systems.  ... 
doi:10.2139/ssrn.1804334 fatcat:xpreq7lvrjatlorqkeyhbpddku