Social Risk Management Through Transitional Labour Markets
- Topics:
- Risk Analysis and Management
- Tags:
- Finance,
- Financial Planning,
- Financial Services,
- Freie Universitat Berlin,
- Management,
- Perception,
- Risk Management,
- Security,
- Strategy
- Source:
- Freie Universitat Berlin
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Overview: This paper takes the intrusion of the term 'Risk management' into the social policy discourse as a 'moral opportunity' to reconsider the balance between solidarity and individual responsibility. The argument is developed in four steps: First, the psychology of intuitive beliefs and choices points to the bounded rationality of risky choices. The paper demonstrates how the institutionalisation of opportunity structures recommended by the concept of Transitional Labour Markets (TLM) can overcome various kinds of asymmetries in risk perception. Second, imperfect or strategic information may also cause biased risk perception. Third, the consideration of risk asymmetries and the reduction of information deficits do not yet provide clues for acceptable institutions of risk sharing.
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Format: PDF | Size: 295KB | Date: Feb 2005 | Pages: 32
