Social investment as a conceptual framework for analysing well-being returns and reforms in 21st century welfare states

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dc.contributor.authorHEMERIJCK, Anton
dc.contributor.authorRONCHI, Stefano
dc.contributor.authorPLAVGO, Ilze
dc.date.accessioned2022-12-15T10:52:10Z
dc.date.available2022-12-15T10:52:10Z
dc.date.issued2023
dc.description.abstractWelfare provision is often conceived through the lens of decommodification and analysed in (re)distributive terms. This article argues that a distributive approach does not sufficiently capture the complexity of 21st century welfare state dynamics. It proposes re-conceptualizing provision as a mix of three policy functions: raising and maintaining human capital stock; easing the flow of gendered life-course and labour-market transitions; guaranteeing social safety-net buffers. This analytical perspective allows theorizing life-course multiplier effects and policy (non-)complementarities, both at the level of individual objective and subjective well-being and in terms of aggregate employment, poverty and fiscal sustainability. This perspective also enables us to extend the temporal horizon of welfare politics beyond short-term electoral logics for explaining welfare reform. The article underscores how methodological pluralism remains key for understanding contemporary welfare states, and for grasping welfare outcomes and institutional change in a research endeavour that involves both generalization and contextualization.en
dc.description.sponsorshipThis work has received funding from the European Research Council (ERC) under the European Union’s Horizon 2020 research and innovation programme (grant agreement No 882276).en
dc.format.mimetypeapplication/pdfen
dc.identifier.citationSocio-economic review, 2023, Vol. 21, No. 1, pp. 479-500en
dc.identifier.doi10.1093/ser/mwac035
dc.identifier.endpage500
dc.identifier.issn1475-1461
dc.identifier.issn1475-147X
dc.identifier.issue1
dc.identifier.startpage479
dc.identifier.urihttps://hdl.handle.net/1814/75124
dc.identifier.volume21
dc.language.isoenen
dc.orcid.uploadtrue*
dc.publisherOxford University Pressen
dc.relation.ispartofSocio-economic reviewen
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.rights.licenseAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.titleSocial investment as a conceptual framework for analysing well-being returns and reforms in 21st century welfare statesen
dc.typeArticleen
dspace.entity.typePublication
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person.identifier.orcid0000-0002-6821-7148
person.identifier.orcid0000-0002-6226-3303
person.identifier.other41937
person.identifier.other42982
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