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Welfare and the Great Recession - A Comparative Study (Hardcover)
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Welfare and the Great Recession - A Comparative Study (Hardcover)
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Welfare and the Great Recession surveys and analyses welfare
consequences in the period following the financial crisis in
Europe. It investigates how the burdens of the recession were
shared between countries, between different socio-economic groups
across Europe, and within individual countries, and offers new
evidence that demonstrates the importance of the welfare state and
government policies in sheltering populations from serious economic
contraction. The first comprehensive study of the Great Recession
in Europe that focuses on household level welfare consequences,
this edited volume relates financial hardship to institutional
characteristics such as welfare regimes, currency regimes,
socio-political patterns, affluence levels, public debt, and policy
reactions to periods of crisis. It takes into account stimulus
versus austerity, the degree of social protection emphasis, the
commitment to redistribution, and the significance of activism.
Widely comparative, Welfare and the Great Recession combines
comparisons of thirty countries with an in-depth study of nine
country cases to offer various lessons from the crisis experience
in Europe and reflect on welfare futures in a globalized
crisis-prone environment.
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