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Example of a social insurance program

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Disability insurance (DI) is an example of a social insurance program. Using this example, briefly describe the trade-off that government faces in designing the program, i.e. (1) identify potential benefits due to public provision of DI over private market outcomes and (2) describe the general nature of the costs and provide two examples of such costs in the context of DI.

Reference no: EM133274680

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