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The Welfare State As Piggy Bank: Information, Risk, Uncertainty, and the Role of the State
 
 
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The Welfare State As Piggy Bank: Information, Risk, Uncertainty, and the Role of the State [Hardcover]

Nicholas Barr (Author)

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Book Description

0199246599 978-0199246595 July 26, 2001
Barr contends that the welfare state exists for reasons besides poverty relief, reasons arising out of pervasive problems of imperfect information, risk and uncertainty. As a result, he argues, the welfare state is here to stay, since 21st century developments don't address these additional reasons.

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Editorial Reviews

Review

`excellent and timely' Sir Howard Davies, THES

`uses some quite straightforward and reader-friendly economic theory to support three simple contentions, but with quite far-reaching consequences' Sir Howard Davies, THES

`Barr's book can be strongly recommended to anyone with an interest in the development of social policy' Sir Howard Davies, THES

`The principal value of Nicholas Barr's excellent and timely book is to demonstrate that the welfare state "exists for reasons additional to and separate from poverty relief, reasons that arise out of pervasive problems of imperfect information, risk, and uncertainty".' Sir Howard Davies THES

`The Welfare State as Piggy Bank is not a personal manifesto of policy proposals in each area. But Barr does not shrink from reaching firm conclusions about those policies that appear to him to be clearly inferior or superior to the alternatives.' Sir Howard Davies THES

About the Author


Nicholas Barr has a BSc and MSc from the London School of Economics and a PhD from the University of California, Berkeley, where he was a Fulbright Scholar. He is Reader in Economics at the LSE, the author of numerous books and articles on the economics of the welfare state and the finance of higher education including "The Economics of the Welfare State" (OUP, 3rd edn, 1998) and "Labor Markets and Social Policy in Central and Eastern Europe" (OUP, 1994), and a member of the editorial board of the "International Social Security Review".

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Inside This Book (learn more)
First Sentence:
THE SIMPLE FISHER MODEL shows the options available to an individual over time. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
fluid family structures, individual funded accounts, public pension spending, private unemployment insurance, actuarial premium, loan entitlement, international labour mobility, pension design, actuarial insurance, pension accumulation, labour immobility, individual learning accounts, graduate tax, medical spending, pension finance, real pension, funded schemes, poverty relief, income testing, pooling equilibrium
Key Phrases - Capitalized Phrases (CAPs): (learn more)
World Bank, Loan Fund, New Zealand, Student Loans Company, Czech Republic, National Committee of Inquiry, Royal Commission, Soviet Union, Department of Social Security, Dearing Committee, East Asian
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