The three worlds of welfare capitalism revisited

Sarah Brockhoff (), Stéphane Rossignol and Emmanuelle Taugourdeau
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Sarah Brockhoff: Bielefed University and University of Freiburg

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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: Social insurance systems; political economy; Bismarck; Beveridge; inequality; redistributions (search for similar items in EconPapers)
JEL-codes: D63 D72 H53 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2012-03
New Economics Papers: this item is included in nep-hme and nep-ias
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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http://mse.univ-paris1.fr/pub/mse/CES2012/12018.pdf (application/pdf)

Related works:
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:mse:cesdoc:12018

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