When All Else Fails: Government as the Ultimate Risk Manager

Kemp, Thomas

doi:10.1080/00213624.2006.11506897

Cited by 2 publications

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“…2. Polanyi 1957Stiglitz 1989;Gough 1996;Moss 2002;Lindert 2004;Madrick 2009;Huang 2012;Saez, Slemrod, and Giertz 2012;Bakija, Kenworthy, Lindert, andMadrick 2016. 3.…”

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Social Democratic Capitalism

Kenworthy¹

2019

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What configuration of institutions and policies is most conducive to human flourishing? The historical and comparative evidence suggests that the answer is social democratic capitalism — a democratic political system, a capitalist economy, good elementary and secondary schooling, a big welfare state, pro-employment public services, and moderate regulation of product and labor markets. Lane Kenworthy shows that this system improves living standards for the least well-off, enhances economic security, and boosts equality of opportunity. And it does so without sacrificing other things we want in a good society, from liberty to economic growth to health and happiness. Its chief practitioners have been the Nordic nations. The Nordics have gone farther than other rich democratic countries in coupling a big welfare state with public services that promote high employment and modest product- and labor-market regulations. Many believe this system isn’t transferable beyond Scandinavia, but Kenworthy shows that social democratic capitalism and its successes can be replicated in other affluent nations, including the United States. Today, the U.S. lags behind other countries in economic security, opportunity, and shared prosperity. If the U.S. expanded existing social programs and added some additional ones, many Americans would have better lives. Kenworthy argues that, despite formidable political obstacles, the U.S. is likely to move toward social democratic capitalism in coming decades. As a country gets richer, he explains, it becomes more willing to spend more in order to safeguard against risk and enhance fairness. He lays out a detailed policy agenda that could alleviate many of America’s problems.

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“…2. Polanyi 1957Stiglitz 1989;Gough 1996;Moss 2002;Lindert 2004;Madrick 2009;Huang 2012;Saez, Slemrod, and Giertz 2012;Bakija, Kenworthy, Lindert, andMadrick 2016. 3.…”

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Social Democratic Capitalism

Kenworthy¹

2019

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“…Not only did the United States begin adopting social insurance considerably later than most of its counterparts in Europe, but its programs, once enacted, tended to involve smaller benefits, little (if any) financing out of general revenues, and (in many but not all cases) less of a redistributive tilt. (Moss : 323–324)…”

Section: Policy Spotlight: the United Statesmentioning

confidence: 99%

Effects of Care Leave and Family Social Policy: Spotlight on the United States

Freiberg¹

2019

American J Econ Sociol

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Consistent with Pope Francis's efforts to eradicate social exclusion, most countries in the world have already adopted care leave policies in an effort to reduce the conflict between being an employee and being a caregiver. Care leave policies allow workers time off for family or for self‐care. Historically, care leave policies such as maternity leave are viewed as an employee benefit akin to short‐term disability leave, providing job‐protected time off for new mothers. This study reviews the literature of the short‐ and long‐run economic and societal effects of care leave policies globally, with a specific focus on care leave policies in the United States. Care leave produces positive labor market and health outcomes, including increases in leave taking, improvement in replacement wages, improvements to profitability and employee morale, increases in female workforce participation and continuity, increases in birth weight, and decreases in infant mortality. Despite positive effects, labor market inequalities such as decreases in female labor market participation rates, gender wage gaps, and occupational segregation are often promoted by care leave policies. The conflicted findings in care leave research muddle the anticipated effects of paid care leave but allow room for alternative policy recommendations.

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When All Else Fails: Government as the Ultimate Risk Manager

Cited by 2 publications

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Social Democratic Capitalism

Social Democratic Capitalism

Effects of Care Leave and Family Social Policy: Spotlight on the United States

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