IDEAS home Printed from https://ideas.repec.org/a/mul/jl9ury/doi10.1425-21850y2006i1p55-90.html
   My bibliography  Save this article

Struttura e limiti del welfare americano

Author

Listed:
  • Moreno Bertoldi

Abstract

The US welfare is evolving along an unsustainable path. By 2050 the share of the federal welfare programs alone will approach 25% of GDP, i.e. a share higher than the current share of the federal government in the economy. Because of the strain that the growing pension and public health programs will put on the budget, taxation will have to rise and its share of GDP more than double from now to 2050. If, in addition, we suppose that the current account deficit will stay at current levels, the US foreign debt will rise above 100% of GDP. Therefore, if the current trends persist, in 2050 the US will be a much less attractive country for work and investment, burdened as it will be by high taxes and huge macroeconomic imbalances. In the last 15 years ambitious plans have been put forward to guarantee the solvency of the US welfare system. But these attempts failed or are faltering. The main explanation of these failures may reside in a number of US structural rigidities that make it very difficult to pass reforms implying a significant amount of income redistribution.

Suggested Citation

  • Moreno Bertoldi, 2006. "Struttura e limiti del welfare americano," Stato e mercato, Società editrice il Mulino, issue 1, pages 55-90.
    • Handle: RePEc:mul:jl9ury:doi:10.1425/21850:y:2006:i:1:p:55-90
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1425/21850
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.rivisteweb.it/doi/10.1425/21850
    Download Restriction: no
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:jl9ury:doi:10.1425/21850:y:2006:i:1:p:55-90. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rivisteweb.it/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.