Berthold, Norbert (contributor); … - 2008
state is characterized by its rather strong stratification of benefits, while the
Nordic model is also generous but much …, economictheorywouldthereforesuggestthatthegenerouswelfare
state and the immense encroachment in the market mechanism that goes with
it would lead to a huge loss of efficiency … difference in the generosity of the welfare state
does not correspond with a much lower GDP per capita as can be seen in figure
3 …