"Sovereign debt crisis and Welfare states" (in Japanese)

Nobuki Mochida
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Nobuki Mochida: Faculty of Economics, the University of Tokyo

No CIRJE-J-255, CIRJE J-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: This paper examines the welfare state under a sovereign debt crisis during first ten years in the 21st century. We rely on data to check whether generalizing claim about the unsustainability of the welfare state hold up . The investors' valuation of a country's fiscal position is time varying, that is dependent on the level of the international risk. While the welfare state cannot be held resp onsible for the sovereign debt crisis, the impetus for reform remains. Using International social survey program (ISSP) data, we can say that taxpayers who are in favor of income redistribution and government program still form majority.

Pages: 20 pages
Date: 2013-11
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Persistent link: https://EconPapers.repec.org/RePEc:tky:jseres:2013cj255

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