The 'New Welfare State' under fiscal strain. Austerity gridlocks and the privatization of risk.

Autor/in	Mertens, Daniel
Titel	The 'New Welfare State' under fiscal strain. Austerity gridlocks and the privatization of risk. Gefälligkeitsübersetzung: Der 'Neue Wohlfahrtsstaat' unter finanziellem Druck. Sparzwänge und die Privatisierung des Risikos.
Quelle	Aus: Hemerijck, Anton (Hrsg.): The uses of social investment. Oxford: Oxford University Press (2017) S. 77-86 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Sammelwerksbeitrag
ISBN	978-0-19-879049-5
DOI	10.1093/oso/9780198790488.003.0006
Schlagwörter	Bildung; Sozialausgaben; Sozialinvestition; Sozialpolitik; Sparpolitik; Wohlfahrtsstaat; Finanzpolitik; Investition; Kredit; Private Investition; Privatisierung; Beschäftigungsförderung; Auswirkung; OECD (Organisation für wirtschaftliche Zusammenarbeit und Entwicklung); Europäische Union
Abstract	"This chapter raises concerns regarding the possibility of increasing social investment due to the persistence of austerity regimes in Europe and beyond. On the one hand, austerity policies have put severe constraints on the expansion of social investment, mainly because of the budgetary institutions and politics that have evolved around these spending areas. On the other hand, demand of and supply for credit in order to pursue private alternatives to traditional social policies have increased significantly in the face of persistent fiscal restraint. Against this background, the rise of microfinance in Western countries aiming at job creation, and the growth of student loan schemes fostering human capital investment, have been conducive to the realization of social investment goals, but at the same time have shifted risks to households - a move that is likely to have dramatic consequences on economic and social progress." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2019/2