This book applies economic theory to the welfare state. Its core message is that the welfare state exists not only to relieve poverty and redistribute income and wealth (the ‘Robin Hood’ function) but also as a series of institutions that provide insurance and consumption smoothing (the ‘piggy‐bank’ function). The book develops three central arguments about the role of the state in industrial countries and also in post‐communist and middle‐income developing countries.
|Print publication date: 2001||Print ISBN-13: 9780199246595|
|Published to Oxford Scholarship Online: November 2003||DOI:10.1093/0199246599.001.0001|