For each of the major aspects of the Social Insurance Program ( Retirement, Disability, etc..) describe the market failures that gave rise to the program or might be used to justify its continuation. Design a program or an approach to maximize the gains from social insurance provided by the government in order to avoid constant dole outs.
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particular market failure that can provide a rationale for social insurance: adverse ... insurance markets or the impacts of social insurance programs. ... standard theory and to describe their sensitivity to incorporating several “real world” ... In order to straightforwardly characterize equilibrium, we make two further simplifying. Many of the federal and state programs that provide income security to U.S. families have their roots in the Social Security Act ... and Disability Insurance, or Social Security, program-was not designed ... In 1939, amendments added child, spouse, and survivor benefits to the retirement benefits authorized by the 1935 Act.Social insurance programs have become the ... insurance pension benefits will rise rapidly if ... insurance programs increase medical costs. Gov- ernments are driven by a desire to ... The word "insurance" is used to describe ... insurance should be judged by its contribution ... tion or any other market failures do not neces-.