Date: 2020
Type: Article
Growth models, family demography, standing welfare commitment and social investment reform
Stato e mercato, 2020, Vol. 40, No. 1, pp. 115-136
HEMERIJCK, Anton, Growth models, family demography, standing welfare commitment and social investment reform, Stato e mercato, 2020, Vol. 40, No. 1, pp. 115-136
- https://hdl.handle.net/1814/67757
Retrieved from Cadmus, EUI Research Repository
This contribution explores two queries: a theoretical probe and an empirical inference. First, there is the acknowledgement that the growth model literature, being substantive in orientation, allows for a fruitful intellectual engagement with comparative welfare research. Especially welcome is the effort of bringing macroeconomic demand and the redistributive struggles behind macro-economic management back into the welfare-work equation. Surprisingly, however, the growth-regime literature is silent on the macroeconomic importance of family demography. For the argument’s sake, an alternative conjecture is envisioned. On this score, the fiscal weight of standing welfare commitments conjures up a «productive constraint» for social investment welfare reform, potentially affecting growth strategies in path-shifting ways across a widening number of EU number welfare democracies, not merely the Nordics. Finally, from the perspective of 21st century welfare provision in a knowledge economy for an ageing society, I would reframe the nostalgic lament of low growth and secular stagnation in terms of the question of «how much» growth advanced capitalist democracies actually need to sustain inclusive welfare states? Two percent will do.
Additional information:
First published online: April 2020
Cadmus permanent link: https://hdl.handle.net/1814/67757
Full-text via DOI: 10.1425/97511
ISBN: 9788815289957
ISSN: 0392-9701
Publisher: Societa Editrice Il Mulino
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