Since 2014
Is Life After the Welfare State Possible?
Journal of Insurance and Financial Management
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| Title |
Is Life After the Welfare State Possible?
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| Creator |
R Larson, Sven
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| Description |
Recent macroeconomic trends primarily but not exclusively in Europe suggest that the welfare state is not conducive to growth and prosperity. European welfare-state economies have experienced a long-term decline in GDP growth, private consumption and domestic absorption; and a long-term increase in unemployment. Macroeconomic data suggest a correlation between the expansion of the welfare state and the decline in economic growth. Given that the welfare state is antithetical to growth and prosperity, is it possible to reform it away? This paper develops a framework for this question, identifying strict conditions under which welfare-state retrenchment or termination is possible.
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| Publisher |
Journal of Insurance and Financial Management
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| Contributor |
—
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| Date |
2016-09-07
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/55
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| Source |
Journal of Insurance and Financial Management; Vol 2, No 2 (2016): Journal of Insurance and Financial Management
2371-2112 |
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| Language |
eng
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| Relation |
https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/55/pdf
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| Rights |
Copyright (c) 2016 Sven R Larson
http://creativecommons.org/licenses/by/4.0 |
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