Reducing poverty and income inequality

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Chapter 5 in Western Welfare Capitalisms in Good Times and Bad, 2023, pp 69-87 from Edward Elgar Publishing

Abstract: We assess regime performance on the key social democratic policy priorities of reducing poverty and income inequality. The evidence shows that the Scandinavian social democratic regimes (Denmark, Finland, Norway and Sweden) remain distinctive in deploying their tax-benefit systems to keep poverty and inequality at lower levels than in the other three types of regime. Surprisingly, corporatist regimes (Austria, Belgium, France, Germany and the Netherlands), which are sometimes described as ‘conservative’, are not far behind. In practice, they substantially redistribute income in pursuing their policy priorities of stabilising family incomes and promoting social stability. Regime differences in levels of poverty and inequality remained basically unchanged during the Global Financial Crisis.

Keywords: Economics and Finance; Sociology and Social Policy; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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