Equity, Efficiency and Growth: The Future of the Welfare State

Equity, Efficiency and Growth: The Future of the Welfare State

by Mario Baldassarri
     
 

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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

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.

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.

Product Details

ISBN-13:
9780312160142
Publisher:
Palgrave Macmillan UK
Publication date:
01/01/1996
Series:
Central Issues in Contemporary Economic Theory and Policy Series
Edition description:
1996
Pages:
426
Product dimensions:
5.98(w) x 9.02(h) x 0.04(d)

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