Abstract
Social security was set up to try to solve or reduce situations of risk such as sickness, widowhood, invalidity, unemployment, retirement, etc. During the 1950’s, 60’s and early 70’s, social expenditure in OECD countries increased very rapidly — by more than 6% per year in real terms. As well as meeting the needs of a growing population, this expansion was directed towards extending the coverage of social programmes to a larger proportion of the community and towards improving the level of individual benefits and services. In 1975, social expenditure counted for on average over 20% of the GDP of the OECD countries (21.9%) and in some countries like Belgium, Germany, France and the Netherlands, for almost 30%.
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Giarini, O., Stahel, W.R. (1993). Facing Social Uncertainty: Towards a New Social Policy in the Service Economy. In: The Limits to Certainty. International Studies in the Service Economy, vol 4. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-1775-3_3
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