Do Generous Welfare States Generate Efficiency Gains which Counterbalance Short Run Losses? Testing Downside Risk Theory with Economic Panel Data for the U.S., Germany and The Netherlands

Bruce Headey () and Ruud Muffels

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2008, vol. 86, issue 2, 337-354

Keywords: Welfare states; Efficiency losses; Efficiency gains; Panel survey data (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/s11205-007-9145-z

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