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Full Description
Welfare and the Great Recession surveys and analyses welfare consequences in the period following the financial crisis in Europe. It investigates how the burdens of the recession were shared between countries, between different socio-economic groups across Europe, and within individual countries, and offers new evidence that demonstrates the importance of the welfare state and government policies in sheltering populations from serious economic contraction.
The first comprehensive study of the Great Recession in Europe that focuses on household level welfare consequences, this edited volume relates financial hardship to institutional characteristics such as welfare regimes, currency regimes, socio-political patterns, affluence levels, public debt, and policy reactions to periods of crisis. It takes into account stimulus versus austerity, the degree of social protection emphasis, the commitment to redistribution, and the significance of activism. Widely comparative, Welfare and the Great Recession combines comparisons of thirty countries with an in-depth study of nine country cases to offer various lessons from the crisis experience in Europe and reflect on welfare futures in a globalized crisis-prone environment.
Contents
Preface
Part I: Comparative Profiles, Theories, and Policies
1: Stefán Ólafsson, Mary Daly, Olli Kangas, and Joakim Palme: Introduction: Leading Themes and Explanatory Framework
2: Stefán Ólafsson and Kolbeinn H. Stefánsson: Welfare Consequences of the Crisis in Europe
3: Agnar Freyr Helgason: The Political Economy of Crisis Responses
4: Agnar Freyr Helgason: Government Responses to the Great Recession: A Comparative Perspective
Part II: Country Case Studies
5: Manos Matsaganis: Greece: The Crisis, Austerity, and the Transformations of Welfare
6: Ana M. Guillén and Sergio González Begega: Spain: Economic Crisis and the Politics of Welfare under Austerity
7: Mary Daly: Ireland: The Welfare State and the Crisis
8: Stefán Ólafsson: Iceland's Strategy of Redistribution
9: Olli Kangas: Finland: From the Deep Crisis of the 1990s to the Great Recession
10: Fran Bennett: UK: Changing Politics of Crisis Management
11: Jørgen Goul Andersen: Denmark: The Welfare State as Victim of Neoliberal Economic Failure?
12: Jon Erik Dølvik and Johannes Oldervoll: Norway: Averting Crisis through Coordination and Keynesian Welfare Policies
13: Joakim Palme: Sweden: In Times of Two Crises
14: Stefán Ólafsson, Agnar Freyr Helgason and Kolbeinn H. Stefánsson: How Institutional Environments and Policies Mattered for Hardship
15: Stefán Ólafsson: Conclusion
