The Decline of the Welfare State

Released on by Assaf Razin
preview-18

  • The Decline of the Welfare State Book Detail

  • Author : Assaf Razin
  • Release Date : 2005-01-21
  • Publisher : MIT Press
  • Genre : Business & Economics
  • Pages : 152
  • ISBN 13 : 9780262264365
  • File Size : 50,50 MB
DOWNLOAD BOOK

The Decline of the Welfare State by Assaf Razin PDF Summary

Book Description: An analysis of the welfare state from a political economy perspective that examines the effects of aging populations, migration, and globalization on industrialized economies. In The Decline of the Welfare State, Assaf Razin and Efraim Sadka use a political economy framework to analyze the effects of aging populations, migration, and globalization on the deteriorating system of financing welfare state benefits as we know them. Their timely analysis, supported by a unified theoretical framework and empirical findings, demonstrates how the combined forces of demographic change and globalization will make it impossible for the welfare state to maintain itself on its present scale. In much of the developed world, the proportion of the population aged 60 and over is expected to rise dramatically over the coming years—from 35 percent in 2000 to a projected 66 percent in 2050 in the European Union and from 27 percent to 47 percent in the United States—which may necessitate higher tax burdens and greater public debt to maintain national pension systems at current levels. Low-skill migration produces additional strains on welfare-state financing because such migrants typically receive benefits that exceed what they pay in taxes. Higher capital taxation, which could potentially be used to finance welfare benefits, is made unlikely by international tax competition brought about by globalization of the capital market. Applying a political economy model and drawing on empirical data from the EU and the United States, the authors draw an unconventional and provocative conclusion from these developments. They argue that the political pressure from both aging and migrant populations indirectly generates political processes that favor trimming rather than expanding the welfare state. The combined pressures of aging, migration, and globalization will shift the balance of political power and generate public support from the majority of the voting population for cutting back traditional welfare state benefits.

Disclaimer: www.yourbookbest.com does not own The Decline of the Welfare State books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

The Decline of the Welfare State

The Decline of the Welfare State

File Size : 70,70 MB
Total View : 9265 Views
DOWNLOAD

An analysis of the welfare state from a political economy perspective that examines the effects of aging populations, migration, and globalization on industrial

The Welfare State

The Welfare State

File Size : 94,94 MB
Total View : 3582 Views
DOWNLOAD

This Very Short Introduction discusses the necessity of welfare states in modern capitalist societies. Situating social policy in an historical, sociological, a

Wealth and Welfare States

Wealth and Welfare States

File Size : 8,8 MB
Total View : 7370 Views
DOWNLOAD

Including education has profound consequences, undergirding the case for the productivity of welfare state programs and the explanation for why all rich nations

The Welfare State Revisited

The Welfare State Revisited

File Size : 24,24 MB
Total View : 6439 Views
DOWNLOAD

The welfare state has been under attack for decades, but now more than ever there is a need for strong social protection systems—the best tools we have to com