
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.
This volume investigates how the welfare state and specific government policies mitigated or exacerbated the socio-economic consequences of the Great Recession across Europe. The authors, a team of expert sociologists and political scientists, utilize a comparative framework to analyze household-level data from thirty European nations. By examining the interplay between institutional structures, fiscal policy, and social protection, they argue that the design of welfare regimes was the primary determinant in how different populations weathered the financial crisis.
What You Will Find
Scope Limits
Experts recognize this volume as a foundational comparative study for understanding the resilience of European social models during economic volatility. Scholars frequently cite the work for its rigorous methodology and its ability to synthesize complex institutional data into a coherent narrative on welfare state performance.
Page Count:
334
Publication Date:
2019-01-01
ISBN-10:
0191868914
ISBN-13:
9780191868917
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