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Tables of Contents for The Economic Consequences of Rolling Back the Welfare State
Chapter/Section Title
Page #
Page Count
Series Foreword
ix
2
Preface
xi
1 The Welfare State under Attack
1
20
1.1 Economists and the Welfare State
3
3
1.2 Working with, Rather than against, the Grain
6
3
1.3 Importance of Institutional Features
9
2
1.4 Political Economy
11
3
1.5 Structure of the Book
14
4
1.6 Limitations
18
3
2 Welfare State and Economic Performance: Aggregate Empirical Evidence
21
34
2.1 Different Hypotheses
23
5
2.2 Econometric Studies of Aggregate Growth Rates
28
7
2.3 Assessing the Findings about Growth Rates
35
4
2.4 Econometric Studies of Unemployment
39
4
2.5 Assessing the Findings about Unemployment
43
6
2.6 Conclusion
49
6
3 Equilibrium Models of the Labor Market
55
28
3.1 A Simple Competitive Equilibrium Model
55
4
3.2 Issues Raised
59
7
3.3 Models of Unemployment
66
7
3.4 Trade Unions and Unemployment
73
3
3.5 Unemployment Benefit
76
4
3.6 In Lieu of a Conclusion
80
3
4 Unemployment Insurance in a Segmented Labor Market
83
26
4.1 Real-World Unemployment Insurance
83
8
4.2 A Segmented Labor Market
91
10
4.3 Impact of Cuts in Unemployment Benefit
101
6
4.4 Conclusion
107
2
5 Public Choice and Unemployment Insurance
109
34
5.1 Changes in Unemployment Insurance
109
8
5.2 Voters' Support for Unemployment Benefit
117
12
5.3 Alternatives to Voting Explanations
129
11
5.4 Conclusion
140
3
6 Savings, Pensions, and Economic Growth
143
20
6.1 Savings and Growth
145
3
6.2 State Pensions and Growth
148
6
6.3 Replacing State Pensions by a Means-Tested Safety Net
154
7
6.4 Conclusion
161
2
7 Investment, Pension Funds, and the Capital Market
163
20
7.1 Treatment of Investment in Growth Models
165
1
7.2 A Corporate Growth Model
166
8
7.3 Capital Markets and Private Pensions
174
7
7.4 Conclusion
181
2
8 Conclusions
183
6
Notes
189
4
References
193
16
Index
209