The Political Economy of European Welfare Capitalism
In this state-of-the-art work, Colin Hay and Daniel Wincott reassess welfare provision across the whole of Europe – East, West and Central – and at the national and EU level. The book challenges much conventional wisdom about the welfare state, including the widely accepted notion of a 'golden age' of welfare, the idea of a challenge posed by globalization, and the notion of the welfare state as a burden on competitiveness and a drain on economic performance.
The authors put forward an alternative analysis of European welfare capitalism which highlights the importance of European economic integration, domestic political dynamics and demographic change in determining welfare trajectories. They conclude with a compelling account of the challenges to which European welfare states must respond if they are to survive in the new era of public austerity.
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1 European Welfare Capitalism in Good Times and Bad
2 Varieties of European Welfare Capitalism
3 Globalisation Europeanisation and the Welfare State
4 Competitiveness and the Welfare State
5 European Integration and Welfare Capitalism
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aggregate analysis Anglo-liberal arguably argued associated austerity Austria Belgium benefits Bismarckian cent chapter coefficients of variation common trajectory competitiveness concept convergence convergence criteria costs countries debt decades decommodification Denmark dimensions distinct divergence east–central European economic integration effect empirical Esping-Andersen EU’s Europe Europe’s European economies European integration European welfare capitalism eurozone evidence exports Figure Finland France Germany global financial crisis globalisation golden age growth model house price housing market Hungary idea institutions interdependence interest rates investment Ireland Italy labour levels Lisbon Strategy mortgage neoliberal Netherlands Nordic OECD perhaps period political economy pressures ratios recession regime cluster regime-types regionalisation regulatory rise Scruggs sector seen significant social democratic social insurance social policy social provision social spending suggests Sweden taxation thesis tion trade unemployment variation welfare expenditure welfare provision welfare regimes welfare retrenchment Wincott worlds of welfare