PropertyValue
?:abstract
  • In this chapter, we investigate the empirical record on the role of welfare buffers during the Great Recession and the eurozone crisis. Specifically, we review the evidence on the performance of automatic stabilizers and discretionary policy changes, and we present the results of our work on how effectively social benefits softened the blow of job and income loss in twelve European countries. We find that Europe’s welfare states responded to the crisis as prescribed: when earnings fell, social benefits were there to cushion the blow. Nonetheless, there were exceptions. In southern and eastern Europe, automatic stabilizers had been weaker to start with, and were further undermined by austerity: social spending was retrenched pro-cyclically, just as the economy contracted and unemployment rolls grew. Welfare buffers were deployed most effectively in countries with inclusive social protection systems, typically embedded in economies enjoying greater fiscal space, free from the constraints of external supervision. (xsd:string)
?:author
?:citation
?:comment
  • (SILC) (xsd:string)
?:dataSource
  • EU-SILC-Bibliography (xsd:string)
?:dateModified
  • 2024 (xsd:gyear)
?:datePublished
  • 2024 (xsd:gyear)
?:doi
  • 10.1093/oso/9780198875468.003.0004 ()
?:editor
?:fromPage
  • 107 (xsd:string)
is ?:hasPart of
?:inLanguage
  • english (xsd:string)
?:isbn
  • 9780198875468 ()
?:name
  • Buffering the Great Recession and the eurozone crisis (xsd:string)
?:publicationType
  • incollection (xsd:string)
?:publisher
?:reference
?:sourceCollection
  • Who's Afraid of the Welfare State Now? (xsd:string)
?:sourceInfo
  • Bibsonomy (xsd:string)
  • In Who's Afraid of the Welfare State Now?, edited by Hemerijck, Anton and Matsaganis, Manos, 107-129, Oxford University Press, 2024 (xsd:string)
?:studyGroup
  • European Union Statistics on Income and Living Conditions (EU-SILC) (xsd:string)
?:tags
  • 2024 (xsd:string)
  • FDZ_GML (xsd:string)
  • SILC (xsd:string)
  • SILC_input2024 (xsd:string)
  • SILC_pro (xsd:string)
  • english (xsd:string)
  • incollection (xsd:string)
  • transfer24 (xsd:string)
?:toPage
  • 129 (xsd:string)
rdf:type
?:url