| Description | | - The only UK textbook focusing on welfare economics.
- Analyses the major elements of the welfare state within a coherent theoretical framework.
- Each theoretical chapter contains a non-technical appendix.
| New to this edition- Fully updated to reflect recent statistics and changes in policy.
- Extended discussion of long-term insurance for disability and long-term care.
- Updated discussion of challenges to the welfare state, including demographic change, globalization, changes in family structure, changes in the structure of jobs and debates about the welfare state.
- More references to web based data sources, allowing students to find updated figures for themselves.
- Increased analytical discussion and wider focus.
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conomics of the Welfare State discusses the different parts of the welfare system,in particular, cash benefits, the health service and education. The text argues that the welfare state exists not just to help the underprivileged, but also for efficiency reasons in areas where private markets would be inefficient or would not exist at all. The book has a separate chapter on the
economics of higher education and it contains increased references to developments in the EU. Also included are a number of largely forward looking topics: - extended discussion of insurance to cover disability and long-term care - challenges to the welfare state including demographic change, globalization, changes in family structure and changes in the structure of jobs - debates about
the welfare state Suitable for students of both economics related disciplines, the book encourages greater accessibility for students and contains a non-technical appendix in every chapter, diagrams, additional readings, worked examples and end of chapter discussion questions. ONLINE RESOURCE CENTRE
Includes PowerPoint slides, web links and further reading.
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| Authors, editors,
and contributors | Nicholas Barr, Professor of Public Economics, European Institute, London School of Economics
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