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From the Welfare State to the Social Investment State

Author

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  • Maurizio Ferrera

    (Universita' degli Studi di Milano)

Abstract

The paper discusses the basic rationale which has inspired the intellectual re-orientation from «social protection» to «social investment», with particular attention to child policy. The first section outlines the main features of the social investment approach contrasting it with the more traditional «Fordist» approach. The second and third sections explain why and how early child education and care can make a difference in both efficiency and equity terms. The fourth section briefly summarizes the British experience under New Labour governments, while the fifth section analyses issues of quality and accessibility. The conclusion wraps up the argument, highlighting the need to step up the shift towards social investments, overcoming the institutional and political obstacles to reform

Suggested Citation

  • Maurizio Ferrera, 2009. "From the Welfare State to the Social Investment State," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 117(3), pages 513-528.
  • Handle: RePEc:vep:journl:y:2009:v:117:i:3:p:513-528
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    References listed on IDEAS

    as
    1. Acemoglu, Daron, 2001. "Good Jobs versus Bad Jobs," Journal of Labor Economics, University of Chicago Press, vol. 19(1), pages 1-21, January.
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    3. Merz, Monika, 1995. "Search in the labor market and the real business cycle," Journal of Monetary Economics, Elsevier, pages 269-300.
    4. Pierre Cahuc & André Zylberberg, 2004. "Labor Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 026203316x, January.
    5. Andolfatto, David, 1996. "Business Cycles and Labor-Market Search," American Economic Review, American Economic Association, pages 112-132.
    6. Arthur J. Hosios, 1990. "On The Efficiency of Matching and Related Models of Search and Unemployment," Review of Economic Studies, Oxford University Press, vol. 57(2), pages 279-298.
    7. Peter A. Diamond, 1982. "Wage Determination and Efficiency in Search Equilibrium," Review of Economic Studies, Oxford University Press, vol. 49(2), pages 217-227.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Child support; Preschool childcare; Welfare programs; Poverty;

    JEL classification:

    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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