Jump to ContentJump to Main Navigation
Perspectives on the Performance of the Continental Economies$
Users without a subscription are not able to see the full content.

Edmund S. Phelps and Hans-Werner Sinn

Print publication date: 2011

Print ISBN-13: 9780262015318

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262015318.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 25 June 2022

The Welfare State and the Forces of Globalization

The Welfare State and the Forces of Globalization

(p.413) 13 The Welfare State and the Forces of Globalization
Perspectives on the Performance of the Continental Economies

Hans-Werner Sinn

The MIT Press

This chapter examines the impact of globalization on the European welfare state. It discusses the forces of factor price convergence; gains from trade and specialization; and rigid wages and the welfare state. It argues that the welfare state must be improved by making its redistributive activities compatible with wage flexibility. It describes Activating Social Assistance, a watertight new polder system that both respects the social aims of the European welfare state and the needs of a market economy struggling against the international low-wage competition brought about by globalization.

Keywords:   globalization, European welfare state, wages, factor price convergences, Activating Social Assistance

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.