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Equity, Efficiency and Growth

The Future of the Welfare State

  • Mario Baldassarri
  • Luigi Paganetto
  • Edmund S. Phelps

Table of contents

  1. Front Matter
    Pages i-10
  2. PROBLEMS OF THE WELFARE STATE

    1. Front Matter
      Pages 11-11
    2. Dennis J. Snower
      Pages 13-40
  3. ACTIVE LABOUR POLICIES AND THE WELFARE STATE

    1. Front Matter
      Pages 57-57
    2. Renato Brunetta, Leonello Tronti, Renzo Turatto
      Pages 73-101
  4. ECONOMIC POLICIES AND THE WELFARE STATE

    1. Front Matter
      Pages 125-125
    2. Gianandrea Goisis, Donatella Porrini
      Pages 193-211
    3. Giovanni Caravale
      Pages 213-221
    4. Carlo Dell’Aringa
      Pages 223-233
  5. EQUITY AND EFFICIENCY

    1. Front Matter
      Pages 235-235
    2. Edmond Malinvaud
      Pages 237-256
    3. Mario Baldassarri, Gustavo Piga
      Pages 257-275
  6. COMPETITIVENESS AND THE WELFARE STATE

    1. Front Matter
      Pages 327-327
    2. Luigi Paganetto, Pasquale Lucio Scandizzo
      Pages 371-387
    3. Edmund S. Phelps
      Pages 389-394
  7. Round Table: Economic Policy «Recommendations»

    1. Front Matter
      Pages 395-395
    2. Mario Baldassarri, Luigi Paganetto, Edmund S. Phelps
      Pages 397-422
  8. Back Matter
    Pages 423-428

About this book

Introduction

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.

Keywords

aging competition economic growth economic policy efficiency employment labor market labor markets poverty service social security taxation unemployment welfare Welfare State

Editors and affiliations

  • Mario Baldassarri
    • 1
  • Luigi Paganetto
    • 2
  • Edmund S. Phelps
    • 3
  1. 1.University ‘La Sapienza’RomeItaly
  2. 2.University ‘Tor Vergata’RomeItaly
  3. 3.Columbia UniversityNew YorkUSA

Bibliographic information

Industry Sectors
Materials & Steel
Finance, Business & Banking