Read Anywhere and on Any Device!

Subscribe to Read | $0.00

Join today and start reading your favorite books for Free!

Create Free Account

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

Edmund S. Phelps

1/5 ( ratings)

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.

Pages: 426

Format: Paperback

Publisher: Palgrave MacMillan

Release: January 01, 1996

ISBN: 1349246514

ISBN 13: 9781349246519

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

Edmund S. Phelps

1/5 ( ratings)

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.

Pages: 426

Format: Paperback

Publisher: Palgrave MacMillan

Release: January 01, 1996

ISBN: 1349246514

ISBN 13: 9781349246519

More books from Edmund S. Phelps

Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change

3.5/5 ( ratings)

Finance, Research, Education and Growth

4.5/5 ( ratings)

The Microeconomic Foundations of Employment and Inflation Theory

The Year Ahead 2018: Hope Against Rage

Rethinking Expectations: The Way Forward for Macroeconomics

The Goal of Economic Growth: An Introduction to a Current Issue of Public Policy

Capitalism in Crisis

Premiare il lavoro. Come dare opportunità a chi rischia l'emarginazione

Designing Inclusion: Tools to Raise Low-End Pay and Employment in Private Enterprise

Problems of the Modern Economy

After the Crisis: The Way Ahead

International Economic Interdependence, Patterns of Trade Balances and Economic Policy Coordination

Financial Darwinism: Create Value or Self-Destruct in a World of Risk

Financial Darwinism

Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change

Economic Justice

Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined

Rate this book!

Write a review?