Other Social Insurance Programs - Unemployment, Disability, and Workers' Compensation - Lecture 12

Explore three critical social insurance programs in this economics lecture from MIT's Public Finance and Public Policy course. Learn about the structure, economics, and policy implications of unemployment insurance, disability insurance, and workers' compensation as Professor Jonathan Gruber examines how these programs function as safety nets in the broader social insurance system. Analyze the theoretical foundations and practical challenges of each program, including benefit design, eligibility criteria, moral hazard considerations, and their roles in protecting workers against various economic risks. Understand how these programs complement other social insurance mechanisms and their impact on labor markets, economic efficiency, and social welfare outcomes.