Why did the Eurozone crisis prove to be so difficult to resolve? Why was it resolved in a manner in which some countries bore a much larger share of the pain than other countries? Why did no country leave the Eurozone rather than implement unprecedented austerity? Who supported and who opposed...

Why did the Eurozone crisis prove to be so difficult to resolve? Why was it resolved in a manner in which some countries bore a much larger share of the pain than other countries? Why did no country leave the Eurozone rather than implement unprecedented austerity? Who supported and who opposed...

Korpi and Palme (1998) famously suggested the existence of a Paradox of Redistribution:although programs targeted to the poor may be more redistributive per unit of expendi-ture, universal programs reduce distributive conflicts, leading to bigger, more egalitarian wel-fare states. However,...