000			02154nam a2200337 i 4500
001			CR9781108565431
003			UkCbUP
005			20240301142640.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			180222s2019||||enk o ||1 0|eng|d
020			_a9781108565431 (ebook)
020			_z9781108464338 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050		4	_aHB846 _b.L56 2019
082	0	4	_a330.12/6 _223
100	1		_aLindert, Peter H., _eauthor.
245	1	0	_aWelfare states : _bachievements and threats / _cPeter H. Lindert.
264		1	_aCambridge : _bCambridge University Press, _c2019.
300			_a1 online resource (44 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
490	1		_aCambridge elements. Public economics, _x2516-2276
500			_aTitle from publisher's bibliographic system (viewed on 11 Dec 2018).
520			_aThe traditionally, and wrongly, imagined vulnerabilities of the welfare state are economic. The true threats are demographic and political. The most frequently imagined threat is that the welfare state package reduces the level and growth of GDP. It does not, according to broad historical patterns and non-experimental panel econometrics. Large-budget welfare states achieve a host of social improvements without any clear loss of GDP. This Element elaborates on how this "free lunch" is gained in practice. Other threats to the welfare state are more real, however. One is the rise of anti-immigrant backlash. If combined with heavy refugee inflows, this could destroy future public support for universalist welfare state programs, even though they seem to remain economically sound. The other is that population aging poses a serious problem for financing old age. Pension deficits threaten to crowd out more productive social spending. Only a few countries have faced this issue well.
650		0	_aWelfare state.
776	0	8	_iPrint version: _z9781108464338
830		0	_aElements in public economics, _x2516-2276.
856	4	0	_uhttps://doi.org/10.1017/9781108565431
999			_c9994 _d9994