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Social Investment as a Perspective on Welfare State Transformation in Europe

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  • Thomas Leoni

    (Austrian Institute of Economic Research WIFO)

Abstract

The intense debate on welfare state transformation concerns as much the interpretation of past developments as it does the direction in which European welfare states should evolve in the future. Within this debate, the idea of “social investment” (SI) as a framework to understand and design welfare state change has gained particular prominence. The SI perspective stresses that social expenditure, far from being purely a cost factor and thus a burden on economic competitiveness, can increase economic efficiency while at the same time fostering equality and social inclusion.

Suggested Citation

  • Thomas Leoni, 2016. "Social Investment as a Perspective on Welfare State Transformation in Europe," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 51(4), pages 194-200, July.
    • Handle: RePEc:spr:intere:v:51:y:2016:i:4:d:10.1007_s10272-016-0601-3
    DOI: 10.1007/s10272-016-0601-3
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    Cited by:

    1. Harvie, David & Lightfoot, Geoff & Lilley, Simon & Weir, Kenneth, 2021. "Social investment innovation and the ‘social turn’ of neoliberal finance," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 79(C).
    2. Argatu Ruxandra, 2018. "Analysis of social models in Central and Eastern Europe - A focus on poverty and social exclusion," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 80-92, May.

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