What is Diamond's field of expertise within economics?
Behavioral Economics
Macroeconomics
Economic History
Social Insurance
Answer
Social insurance is Diamond's area of expertise within the field of economics. This involves the use of government programs to provide financial security to individuals and families in the event of certain contingencies, such as unemployment, disability, or retirement. The purpose of social insurance is to protect individuals from economic hardship and to ensure that all members of society have a basic level of economic security.
Diving into Economics: The Peter Diamond Quiz!
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