Growth, uncertainty and reform of the European welfare state: «It’s the economy, stupid!»
Abstract
The post-war growth of the European welfare state was made possible by the exceptionally high rates of economic growth and the spectacular performance of European labour markets during that (golden) era. Yet, it also contributed to economic success. However, since the early ’70s, weak growth and high unemployment have made evident the impact of social and labour market policy failures, resulting in heavy economic distortions, whilst also putting in doubt the adequacy and (long-term) sustainability of the European welfare state. Reform of the social and labour market policies and institutions should, therefore, primarily
aim at removing heavy economic distortions, thereby improving efficiency.
Article Details
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Κουτσιαράς Ν. (2016). Growth, uncertainty and reform of the European welfare state: «It’s the economy, stupid!». Social Cohesion and Development, 1(2), 43–55. https://doi.org/10.12681/scad.9015
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