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Boosting work through welfare? Individual-level employment outcomes of social investment across European welfare states through the Great Recession.
- Source :
- Socio-Economic Review; Oct2023, Vol. 21 Issue 4, p2167-2189, 23p
- Publication Year :
- 2023
-
Abstract
- Given the heterogeneity of European welfare states, governments' efforts in 'social investment' reform may reap different outcomes in different national contexts. Through multi-level modelling based on longitudinal microdata from the EU Statistics on Income and Living Conditions (2004–2013) and on country-level policy indicators, this article assesses: whether citizens of countries that put higher budgetary efforts into social investment have better employment prospects and whether increasing such efforts over time improves employment chances within a country; whether people living in social investment-oriented welfare states maintained higher employment chances in the years of the Great Recession; whether micro-level employment outcomes depend on (in-)complementarities between investment- and protection-oriented policies. The results reveal that the most social investment-oriented welfare states show higher individual-level employment chances, which they were able to preserve during the Great Recession. However, increasing resources on social investments does not always yield empirically discernible returns over the short-to-medium term. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 14751461
- Volume :
- 21
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Socio-Economic Review
- Publication Type :
- Academic Journal
- Accession number :
- 172993910
- Full Text :
- https://doi.org/10.1093/ser/mwad039