When voters favour the social investment welfare state

2020 ◽  
Vol 21 (4) ◽  
pp. 194-205
Author(s):  
Marc Brazzill ◽  
Hideko Magara ◽  
Yuki Yanai
Keyword(s):  
Welfare State ◽  
Online Survey ◽  
Investment Strategy ◽  
Welfare States ◽  
Social Investment ◽  
Investment Policies ◽  
High Productivity ◽  
Developed Economies ◽  
Policy Context ◽  
The Social

AbstractWe investigate when voters favour social investment. Welfare states have transformed their core policies as a result of low economic growth and fiscal pressures. The social investment strategy, such as broader education provision and promotion of women's employment, aims at shifting the economy from the traditional Keynesian welfare state to the high-productivity economy by encouraging long-term and inclusive human capital formation. Social investment is popular among citizens in many developed economies, especially in the EU where governments promote social investment as part of their welfare policy packages. However, in Japan, the term ‘social investment’ is rarely used in policy discussions. Consequently, we ask what levels of voter support social investment policies have in such an environment; which voter characteristics are associated with social investment support; and whether voter support for social investment differs when placed in a broader policy context. To answer these questions, we conducted an online survey with a conjoint experiment. Our data analysis shows that social investment policies are popular among Japanese people, despite a lack of familiarity with the concept of social investment. We find that social libertarians and female respondents are more likely than social authoritarians and male respondents to support social investment. In addition, there is some evidence that higher income voters are favourable to social investment policies. Furthermore, voter support for social investment depends on the policy context. Support becomes weaker when social investment policies are presented in combination with decreasing levels of social security spending. Our results highlight what kinds of social investment policies could be achieved without damaging electoral fortunes.

A Social Investment Turn in East Asia?

2017 ◽  
Author(s):  
Timo Fleckenstein ◽  
Soohyun Christine Lee
Keyword(s):  
Welfare State ◽  
East Asia ◽  
Family Policy ◽  
Welfare States ◽  
Low Fertility ◽  
Female Employment ◽  
Industrial Workers ◽  
Social Investment ◽  
Investment Policies ◽  
Employment Participation

The welfare states of Japan, South Korea, and Taiwan were built by conservative elites to serve the project of late industrialization, and for this reason the East Asian developmental welfare state focused its resources on those who were deemed most important for economic development (especially male industrial workers). Starting in the 1990s and increasingly since the 2000s, the developmental welfare state has experienced a far-reaching transformation, including the expansion of family policy to address the post-industrial challenges of female employment participation and low fertility. This chapter assesses social investment policies in East Asia, with a focus on family policy and on the South Korean case, where the most comprehensive rise of social investment policies were observed.

scholarly journals Social Investment, Redistribution or Basic Income? Exploring the Association Between Automation Risk and Welfare State Attitudes in Europe

2021 ◽  
pp. 1-20
Author(s):  
MARIUS R. BUSEMEYER ◽  
ALEXANDER H. J. SAHM
Keyword(s):  
Welfare State ◽  
Technological Change ◽  
European Social Survey ◽  
Welfare States ◽  
Basic Income ◽  
Social Investment ◽  
Market Outcomes ◽  
Social Survey ◽  
Investment Policies ◽  
Using Data

Abstract Rapid technological change – the digitalization and automation of work – is challenging contemporary welfare states. Most of the existing research, however, focuses on its effect on labor market outcomes, such as employment or wage levels. In contrast, this paper studies the implications of technological change for welfare state attitudes and preferences. Compared to previous work on this topic, this paper adopts a much broader perspective regarding different kinds of social policy. Using data from the European Social Survey, we find that individual automation risk is positively associated with support for redistribution, but negatively with support for social investment policies (partly depending on the specific measure of automation risk that is used), while there is no statistically significant association with support for basic income. We also find a moderating effect of the overall size of the welfare state on the micro-level association between risk and preferences.

Social Investment

2021 ◽  
pp. 187-205
Author(s):  
Julian L. Garritzmann
Keyword(s):  
Social Policy ◽  
Welfare State ◽  
Knowledge Economy ◽  
Future Research ◽  
Social Investment ◽  
Investment Policies ◽  
Policy Paradigm ◽  
The Social ◽  
Human Skills

This chapter reviews the paradigm and spread of social investment policies, which come in many variants, and discusses them as key elements of the ‘knowledge economy welfare state’. Social investments are policies that aim to create, preserve, and mobilize human skills and capabilities. The chapter discusses the emergence of social investment as a new social policy paradigm, presents different variants of the social investment approach, provides a mapping of social investment policies around the globe, discusses effects of social investment policies, and weighs in on important debates regarding the politics of social investment. The chapter then closes with an outlook on avenues for future research.

Must We All Be Paradigmatic? Social Investment Policies and Liberal Welfare States

2012 ◽  
Vol 45 (3) ◽  
pp. 657-683 ◽  
Author(s):  
Linda A. White
Keyword(s):  
Maternal Employment ◽  
Parental Leave ◽  
Investment Strategy ◽  
Welfare States ◽  
Social Investment ◽  
Investment Policies ◽  
Childhood Education ◽  
The Family ◽  
Education And Care ◽  
Policies And Programs

Abstract.This article examines whether current shifts in government spending on early childhood education and care (ECEC) and maternal employment-promoting policies such as maternity and parental leave reveal a paradigm shift toward a social investment strategy in liberal welfare states. It finds that while governments in liberal welfare states increasingly adhere to the rhetoric of social investment focused on lifelong learning and labour activation, their policies and programs exhibit so much variation in goals, instruments and settings related to the family, maternal employment and the child that it is difficult to claim that any new policy approach has taken hold that is indicative of a social investment “paradigm.” Instead, liberal welfare states appear to be becoming even more liberal—in terms of reliance on markets for delivery of social investment goals—at the same time as spending is increasing.Résumé.Cet article examine si les changements actuels des dépenses de gouvernement sur la première éducation d'enfance et le soin (ECEC) et les politiques promouvant emploi maternelles comme la maternité et le congé parental révèlent un changement de paradigme vers une stratégie sociale d'investissement dans les Etats-providences libéraux. Il constate que pendant que les gouvernements dans les Etats-providences libéraux adhèrent de plus en plus à la rhétorique d'investissement social s'est concentré sur l'apprentissage de toute une vie et l'activation de la main-d'œuvre, leurs politiques et programmes exposent tant de variation dans les buts, les instruments et les cadres rattachés à la famille, l'emploi maternel et l'enfant qu'il est difficile de réclamer que n'importe quelle nouvelle approche de politique a attrapé qui est indicatif “d'un paradigme” social d'investissement. Au lieu de cela les Etats-providences libéraux ont l'air de devenir encore plus libéraux – du point de vue de la dépendance aux marchés pour la livraison de buts sociaux d'investissement – en même temps comme les dépenses augmentent.

Changing labour markets, changing welfare across the OECD: the move towards a social investment model of welfare as a response to competition

2017 ◽  
pp. 33-52
Author(s):  
Naomi Finch ◽  
Dan Horsfall ◽  
John Hudson
Keyword(s):  
Human Capital ◽  
Social Policy ◽  
Welfare State ◽  
Welfare States ◽  
Investment Model ◽  
Labour Markets ◽  
Social Investment ◽  
Economic Competition ◽  
The Social ◽  
Social Expenditures

This chapter examines in more depth one of the attempts to develop a ‘progressive’ modernisation of welfare: the social investment model. The notion of a ‘social investment welfare state’ has gained increasing ground over recent years, playing an important role in the discourse of international organisations such as the Organisation for Economic Co-operation and Development (OECD) and EU. It forms a part of a number of concepts — others include ‘active social welfare’, the ‘new welfare state’ and ‘new risk welfare’ — that might be grouped under the label ‘new welfare’. All are based around a shared view that developed welfare states have begun to place less emphasis on income protection and more emphasis on investing in human capital. Put differently, they stress the growing importance of the ‘productive’ elements of social policy, chiefly on the basis that this may square the circle of maintaining social expenditures while responding to increased economic competition. The chapter then reviews how far reform agendas match the reality of the social investment model theory and, moreover, evaluates the effectiveness of the approach in reconciling social and economic pressures.

scholarly journals Prepare versus Repair? Combining parental leave and family allowances for social investment against single-parent poverty

2016 ◽  
Author(s):  
Rense Nieuwenhuis ◽  
Laurie C. Maldonado
Keyword(s):  
Parental Leave ◽  
Investment Strategy ◽  
Single Parent ◽  
Welfare States ◽  
Social Investment ◽  
Investment Policies ◽  
Income Transfers ◽  
Single Parent Families ◽  
Family Allowances ◽  
European Welfare States

Social investment is an emerging paradigm for European welfare states, often described as an abandonment of tax-benefit systems with generous income ‘transfers’ in favour of ‘in-kind’ policies and services.The position of single-parent families directly relates to one of the major critiques of the social investment strategy. Despite efforts to improve employment and make work pay to prevent poverty, European welfare states have witnessed disappointing trends in poverty (Vandenbroucke and Vleminckx, 2011). Cantillon (2011) argued that social investment policies are better suited for work-rich households than work- poor households at the bottom of the income distribution. is critique begs the empirical question whether a transition to ‘in kind’ social investment policies can be sufficiently effective in improving employment to protect households against poverty, or that reducing transfers has rendered tax-benefit systems inadequate (cf. Nelson, 2011). We examine this in this article, focusing on family policies. Specifically, we assess whether social investment (reconciliation policies) is a more effective strategy than social protection (family allowances) for single-parent families.

scholarly journals Compensation or Social Investment? Revisiting the Link between Globalisation and Popular Demand for the Welfare State

2018 ◽  
Vol 48 (03) ◽  
pp. 427-448 ◽  
Author(s):  
MARIUS R. BUSEMEYER ◽  
JULIAN L. GARRITZMANN
Keyword(s):  
Welfare State ◽  
Empirical Support ◽  
Welfare States ◽  
Social Investment ◽  
Investment Policies ◽  
Compensation Theory ◽  
Analytical Perspective ◽  
Knowledge Economies ◽  
Investment Function ◽  
The Welfare State

AbstractThe debate on effects of globalisation on welfare states is extensive. Often couched in terms of a battle between the compensation and the efficiency theses, the scholarly literature has provided contradictory arguments and findings. This article contributes to the scholarly debate by exploring in greater detail the micro-level foundations of compensation theory. More specifically, we distinguish between individual policy preferences for compensatory social policies (unemployment insurance) and human capital-focused social investment policies (education), and expect globalisation to mainly affect demand for educational investment. A multi-level analysis of International Social Survey Programme (ISSP) survey data provides empirical support for this hypothesis. This finding provides an important revision and extension of the classical analytical perspective of compensation theory, because it shows that citizens value the social investment function of the welfare state above and beyond simple compensation via social transfers. This might be particularly relevant in today's skill-centred knowledge economies.

Taking social investment seriously in developed economies

2017 ◽  
Author(s):  
Anton Hemerijck
Keyword(s):  
Economic Policy ◽  
Latin America ◽  
Social Policy ◽  
Welfare State ◽  
Developing Economies ◽  
Policy Research ◽  
Policy Instruments ◽  
Social Investment ◽  
Developed Economies ◽  
The Social

This chapter looks at the new integration of social with economic policy from the developing economies perspective. It will highlight the key social policy instruments in what were seen as ‘pre-welfare state’ economies, before surveying the ‘social policy spring’ occurring notably in Latin America and in Asia. The chapter will draw out the main learnings for social policy research from the new productivist models associated with Inclusive Growth.

De-universalization and Selective Social Investment in Scandinavia?

2017 ◽  
Author(s):  
Kees van Kersbergen ◽  
Jonas Kraft
Keyword(s):  
Middle Class ◽  
Welfare State ◽  
Turning Point ◽  
Decisive Role ◽  
Welfare States ◽  
Social Investment ◽  
Class Politics ◽  
Investment Policies ◽  
The Poor ◽  
The Welfare State

The Scandinavian welfare states are at a critical turning point. Their future depends on the extent to which universalism continues to be the principle of social policy. Middle-class politics plays a decisive role in determining welfare state principles and outcomes. The surprising development is that, while the welfare state remains popular, reforms have made it much less universal than it used to be. Programmes aimed particularly at the poor and disadvantaged have been cut, while programmes particularly enjoyed by the middle class have been expanded. Such de-universalization and ‘selective social investments’ were neither expected nor can they be easily explained by the conventional wisdom on the Scandinavian welfare states. Why does this happen? Is the middle class abandoning universalism? How are social investment policies affected?

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