Welfare States after the Eurozone Crisis

Overview

This book develops an evolutionary economics approach to welfare state dynamics. Welfare states are complex settings, including social insurance, social assistance, and universal provisions. Their main aim is to shelter household incomes from instability and redistribute incomes.

Analysis

This book analyses welfare states in terms of how they pool business cycle uncertainty between the state (social security), firms, and households. The evolutionary and institutional analysis of welfare states, focusing, in particular, on labor market segmentation and national level policy design, is applied to two particular cases: a Southern European country (Portugal) and a deep rooted European welfare state (France).

Case Studies

These two countries have introduced similar social protection reforms and experienced similar crises, yet the two welfare states are very different. This book explores and explains why that should be the case.

Audience

It will be of interest to researchers and students of institutional evolutionary economics, welfare states, and European politics.