The three worlds of welfare capitalism revisited

Sarah Brockhoff (), Stéphane Rossignol and Emmanuelle Taugourdeau
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Sarah Brockhoff: Universität Bielefeld = Bielefeld University, Albert-Ludwigs-Universität Freiburg = University of Freiburg

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Abstract: We introduce a new way to model the Bismarckian social insuance system, stressing its corporatist dimension. Comparing the Beveridgean, Bismarckian and Liberal systems according to the majority voting rule, we show that for a given distribution of risks inside society, the Liberal system wins if the inequality of income is low, and the Beveridgean system wins if the inequality of income is high. Using a utilitarian criterion, the Beveridgean system always dominates and the Bismarckian system is preferred to the Liberal one.

Keywords: redistribution; Social insurance systems; political economy; Bismarck; Beveridge; inequality; redistribution.; Protection sociale; économie polique; inégalité (search for similar items in EconPapers)
Date: 2012-03
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00679066v1
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Published in 2012

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Working Paper: The three worlds of welfare capitalism revisited (2012)
Working Paper: The three worlds of welfare capitalism revisited (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00679066

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