UPDATE (2/14/2020): A New Technology that Can Save Lives
We use premiums to offer services such as health care and retirement plans. Millions of workers see monthly deductions from their paychecks to gain access to these types of benefits. My question is this:
Is it reasonable to consider treating paid sick leave as a benefit with a premium cost similar to a retirement benefit with a monthly deduction or a premium paid to gain access to healthcare? Why or why not?
What prior policies help shape your thinking about this question and how you would answer it? When an employer pays for a worker’s sick leave is such a payment economically rational? Why or why not? What is the most economically efficient system which can allocate resources to pay for employee sick leave? How can one be trained to think about this question as an economist?