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The Cost of Maintaining the Welfare State

Author

Listed:
  • Van, Germinal G.

Abstract

The purpose of this essay is to explain how the cost of maintaining the welfare state does not produce the results intended in addition to creating an economic burden on the taxpayer from which he does not obtain any significant benefit. By cost, I do not merely imply monetary cost, but also a social cost. The welfare state exists in almost every advanced economy whether it is in Canada, France, the United Kingdom, Australia, or Germany. However, the analysis of this essay focuses on the welfare system of the United States since it is the country in which I reside. Hence, this essay argues about how the welfare state could be dismantled by a gradual approach rather than an abrupt and revolutionary approach. To elucidate how the welfare state could be dismantled gradually rather than abruptly, I proceeded with the inductive method by first analyzing the historical and statistical evidence related to the welfare state, then developed a hypothetical scenario of the dismantlement of the welfare state.

Suggested Citation

  • Van, Germinal G., 2021. "The Cost of Maintaining the Welfare State," MPRA Paper 108876, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:108876
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    File URL: https://mpra.ub.uni-muenchen.de/108876/1/MPRA_paper_108876.pdf
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    More about this item

    Keywords

    Econometrics; Statistical Modelling; Welfare Economics; Statistical Analysis;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • D60 - Microeconomics - - Welfare Economics - - - General
    • D62 - Microeconomics - - Welfare Economics - - - Externalities

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