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Future Funding of Welfare

In: The Quest for a Divided Welfare State

Author

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  • John Lapidus

    (University of Gothenburg)

Abstract

Does a country have to move towards a divided welfare state? Is it an economic necessity that forces it to create more private and semi-private welfare solutions? The advocates of a divided welfare state often rely on William Baumol and his so-called cost disease, according to which services become relatively more expensive over time as it is more difficult to increase productivity in the service sector. The chapter focuses on how Baumol is deeply misunderstood, knowingly or unknowingly, by the advocates of a divided welfare state. It is true that services get relatively more expensive over time, but this applies also to private and semi-private services. Even more importantly, the cost disease means that goods get relatively cheaper while Sweden gets more and more prosperous.

Suggested Citation

  • John Lapidus, 2019. "Future Funding of Welfare," Springer Books, in: The Quest for a Divided Welfare State, chapter 0, pages 223-234, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-24784-3_16
    DOI: 10.1007/978-3-030-24784-3_16
    as

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