Tag Archives: Moral Hazard

Moral Hazard: When Benefits Discourage People from Working

Posted on by Barry Donegan

Most westernized nations have welfare programs. Initially, they are sold as a social safety net for disabled people and the recently unemployed. However, over time, politicians have taken political advantage by increasing benefits in exchange for votes, and this phenomenon … Continue reading

Posted in Money Monday | Tagged , , , , , , | Comments on Facebook