DP1018 | What is the Domain of the Welfare State?

Author(s)

Publication Date

30/11/1994

JEL Code(s)

Keyword(s)

Programme Area(s)

Network(s)

Abstract

The paper examines the appropriate domain of the Welfare State by exploring the areas in which free enterprise fails to provide adequate welfare state services. The paper outlines a simple coherent strategy for formulating government welfare state policy by identifying the relevant market failures, government failures, and implementation costs. Two proposals for reform of the Welfare State are outlined.