Equity, Efficiency, And Growth

Overview

In the post-war period, spending on social security, health and education has grown continuously in the leading industrialized countries. The considerable size of this spending as a percentage of GDP together with the ageing population raise doubts on the sustainability of welfare spending. These doubts have been accompanied in recent years by an increasing awareness of the allocational inefficiencies and the distributive inequalities caused by the provision of some social services. The welfare state should ...

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Overview

In the post-war period, spending on social security, health and education has grown continuously in the leading industrialized countries. The considerable size of this spending as a percentage of GDP together with the ageing population raise doubts on the sustainability of welfare spending. These doubts have been accompanied in recent years by an increasing awareness of the allocational inefficiencies and the distributive inequalities caused by the provision of some social services. The welfare state should therefore be reconstructed not only through readjustment of the social security system but also a change in unemployment benefits and the taxation of workers to avoid the perverse spiral that may be produced in the future by cuts in welfare benefits, growing unemployment and the need to further reduce the social security services.

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Editorial Reviews

Booknews
Sections on problems of the European welfare state, active labor policies, economic policies, equity and efficiency, and competitiveness and the welfare state offer chapters on the damaging side effects of the welfare system, subsidizing employment rather than unemployment, labor market regulation in Italy, the welfare system and endogenous growth, and deregulation and competition in the goods and labor markets. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

Table of Contents

Preface 3
1 What is the Domain of the Welfare State? 13
2 On the Damaging Side Effects of the Welfare System: How, Why and What to Do 41
3 Subsiding Employment Rather than Unemployment 59
4 The Labour Market, the Welfare System and European Convergence 73
5 Economic Effects of Work Sharing in a Dynamic Labour Turnover Model 103
6 Unemployment, Competitiveness and the Welfare State 127
7 Labour Market Regulation in Italy, Employment and Welfare 193
8 On a Recent Change in the Notion of Incomes Policy 213
9 Welfare Spending and Employment Subsidies 223
10 Is the European Welfare State Unsustainable? 237
11 Distributive Equity and Economic Efficiency: Trade-off and Synergy 257
12 Economic Growth, Poverty and Government. Income Support Programmes with Applications to Australia 277
13 Welfare State: Learner or Starved? Competitiveness and Social Cohesion 329
14 Deregulation, Welfare State and Competition in the Goods and Labor Markets 343
15 The Welfare System and Endogeneous Growth 371
16 Conclusions 389
Index 423
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