As this hypothetical makes clear, hiring a sub makes a lot of sense (even if it marginally increases the
risk of moral hazard for teachers contemplating a mental health day).
There has been criticism of this proposal for avoiding issues
of moral hazard in debtor countries.
This
type of moral hazard occurs when those who take economic decisions are not required to accept the full consequences, when that decision turns out badly.
Instead of focusing on the
concepts of moral hazard, religious communities experience ethics in terms of human flaws and redemption.
The same kind
of moral hazard problem exists in resource extraction industries, and is solved in a not - entirely - dissimilar way.
In this webinar We examined the actual and threatened exercise
of the moral hazard powers, the implications of regulatory investigations, and the impact for corporates.
Of course, there is also an
issue of moral hazard that Mr. Paulson created when he insured money market funds.
Among the case studies examined through the
lens of moral hazard is one featuring a freeloading husband obliviously exploiting his wife's energy and tolerance, never helping around the house or spending quality time with her and the kids.
Yet both pensions and cemeteries are exposed to the same risks
of moral hazard on the part of providers, and of the funds set aside proving to be in inadequate, especially in a low - interest rate regime.
If the
combination of moral hazard and the understandable reluctance of governments to enlarge the international lender - of - last - resort leaves the feeling that the problems have not been fully resolved, then a further — more controversial — element is on the agenda in some quarters.
Now those that remain are the better capitalized companies with decent risk control, and those that got rescued by the government, leaving a
legacy of moral hazard.
Reasons for resistance include the
possibility of moral hazard in reducing principal, unfairness to borrowers who are able to pay their mortgages, and harm to the banks bottom lines.
Greenspan was more of a political operative than an academic, and as such, fairly pragmatic as he threw liquidity at every crisis, creating a
climate of moral hazard.
For my part I think we need a lot more careful research across the whole panoply of possible techniques; and carefully targeted policy and funding effort to develop and deploy selected CDR techniques in a timely fashion, alongside governance frameworks that minimize the
effects of moral hazard.
This is the opposite trend to that implied by the «we didn't talk about adaptation for
fear of moral hazard» argument, which would suggest the mitigation literature should be more prolific, at least until more recent years.
There could be no more vivid
illustration of moral hazard; yet it is into this political and business environment that geoengineering arrives as the next great white hope.
While geoengineering researchers acknowledge the problem, they tend to be vague and dismissive about the
likelihood of moral hazard.
The concept
of moral hazard holds that people often make poor decisions when they are insulated from the risks associated with their actions.
Perhaps a
bit of moral hazard... I'll claim one wants to push back when on's case in either law or logic is weak, as you can get held up to public ridicule, as happened here.
Our leading pensions regulatory team has worked on a number of the most significant Pensions Regulator investigations, including some which have led to the exercise by the Pensions
Regulator of its moral hazard powers.
However, Insurer will have the right to decline revival of the policy based on the
grounds of moral hazard and / or medical conditions.
@Philipp - it has non-economic political components on top of direct economic ones (inasmuch as «free college» has social and political long term implications - and so does «it's OK to default on debt» signal in
terms of moral hazard).
In order to reduce the
risk of moral hazard, it would be ideal to follow the so - called «Blue Bond» proposal and limit the amount that Eurozone member states can obtain through Eurobonds to a certain debt - to - GDP ratio.
The
issue of moral hazard is still present, but has been framed in terms that resonate within the lived traditions of faith communities.
That creates a situation where the policy would be written in such a way as to encourage abuse, which is essentially the
definition of a moral hazard.
Key to the principal agent relationship is the problem
of moral hazard, where multiple agents retain conflicting goals that are not always in line with those of the principal.
One question that often arises from situations like the recent, unusual, drop in US interest rates and the economic stimulus package to support the markets is one
of moral hazard.
Just under the surface of the Lisbon workshop lurked the ever - present worry among scientists that exploring geoengineering could dissuade the public from aggressive and expensive emissions - cutting measures — the risk
of moral hazard.
What is clearly unjustified is simply dismissing the risk
of moral hazard.
Regardless of cost, calling in outside experts helps reduce the risk
of moral hazard, especially if the people charged with e-discovery are the same people who have something to hide.