This book focuses on arrangements for redistributing consumption
opportunities over the life cycle and for providing compensation
for income losses or large expenditures due to reasons such as
illness and unemployment. After extensive coverage of the nature of
inequalities in income and wealth in a market economy, and various
notions of social justice, the author discusses public and private
transfers in cash or in kind related to old age, childhood, illness
and the like. Importantly, the book takes into account both equity
and efficiency aspects. This concise discussion of the welfare
state and its alternatives will be of great interest to students of
economics at the intermediate level as well as to graduate students
of sociology, social work and other social sciences. It will also
appeal to politicians and civil service managers with an interest
in the fundamentals of social policy.
General
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