Promoting economic security and social stability

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Chapter 10 in Western Welfare Capitalisms in Good Times and Bad, 2023, pp 118-128 from Edward Elgar Publishing

Abstract: The top priorities of corporatist and proto-corporatist regimes are promoting family economic security and, via that means, overall social stability. We assess economic security by measuring the stability/instability of family incomes over time, and also by reporting employees’ perceptions of job security. On these measures social democratic rather than corporatist or proto-corporatist regimes perform ‘best’. The security of retired people depends on receiving an adequate age pension, as well as on income stability. The corporatist and proto-corporatist regimes provide pensions with higher replacement rates than other regimes, but the social democrats provide the greatest income stability. Family economic security is relatively low in liberal regimes both for working age people and the elderly.

Keywords: Economics and Finance; Sociology and Social Policy; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2023
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