Governments implement welfare state programs to protect their citizens to social risks such as falling sick, becoming unemployed or ageing. These programs that range from public benefits to the regulation of private insurance markets may have a strong impact on the income, well-being, and the behavior of individuals. Suitable for both economics’ students and students on related disciplines, the course has two basic objectives:
To understand the analytical foundations of the welfare state (definition, objectives, finance, political and economic
To assess welfare state interventions, including cash benefits and in-kind transfers (e.g., pensions, health care,
education, and housing) along the line of equity and efficiency measures.
Barr, Nicholas. Economics of the welfare state. Oxford University Press, 2020.
Nelson, Kenneth; Nieuwenhuis, Rense; Yerkes, Mara A. Social Policy in Changing European Societies. Research Agendas for
the 21st Century. Edward Elgar, 2022.
Stevenson, Betsey; Wolfers, Justin. Principles of Economics. Macmillan Learning, 2020.