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The conventional wisdom is that increasing globalisation requires a reduction in the provision of the welfare state among industrialised countries as the distortions resulting from this type of expenditure undermine international competitiveness and the ability of countries to attract and/or...
Persistent link: https://www.econbiz.de/10010430559
This paper investigates whether social cohesion makes economic reforms more likely. First, we investigated whether social cohesion is a coherent concept by using a principal-component factor (PCF) analysis covering 16 indicators used to measure social cohesion in the previous literature for 40...
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Major crises, such as wars and pandemics, have often been the occasion for radical reconstruction of the welfare system. It is very likely that the COVID-19 pandemic will also do this because it will bring discontent with the existing system to a head and reveal ts weaknesses, particularly as...
Persistent link: https://www.econbiz.de/10013225354
The idea that all types of economic freedom - including limited government - promote prosperity is challenged by the fact that some countries successfully combine a large public sector with high taxes and otherwise high levels of economic freedom. To explain the co-existence of economic freedom...
Persistent link: https://www.econbiz.de/10011943290
Divided government is often thought of as causing legislative deadlock. I investigate the link between divided government and economic reforms using a novel data set on welfare reforms in US states between 1978 and 2010. Panel data regressions show that under divided government a US state is...
Persistent link: https://www.econbiz.de/10013315641
It is useful to distinguish between exogenous and endogenous factors behind contemporary and expected future problems for the welfare state. This paper tries to identify major problems of both types and to indicate alternative reform possibilities to deal with them. At the same time as several...
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