Social investment as a policy paradigm

By A. Hemerijck. The Future of the Social Investment State, 2018

149 citations recorded by the source corpus.

ABSTRACT This contribution delineates the sui generis paradigmatic portent of the social investment perspective. After theoretically defining the notion of a policy paradigm in welfare state analysis, the substantive core of the social investment paradigm is presented in two consecutive steps. First, the substantive core of the social investment policy paradigm is exemplified in terms of three core policy functions, relating to: raising and maintaining human capital ‘stock’ throughout the life course; easing the ‘flow’ of contemporary labour market transitions; and upkeeping strong minimum-income universal safety nets as social protection and economic stabilization ‘buffers’. To drive home the conjecture of social investment as a policy paradigm in its own right, this will, in the final section, be compared with two preceding hegemonic ideal-typical policy paradigms: the demand-oriented Keynesian-Beveridgean welfare compromise of the post-war era; and its anti-thesis, the neoliberal supply-side critique of the welfare state of the 1980s, along a number of institutionally relevant dimensions.

Subfields: Finance, General Health Professions, Political Science and International Relations

View Paper: https://www.semanticscholar.org/paper/3dd1d9f7f3a22a06947dfad21684eb298f9ec6a3

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Finance

1. Julian L. Garritzmann
2. E. Pavolini
3. W. Van Lancker
4. Marius R. Busemeyer

In General Health Professions

1. E. Pavolini
2. Julian L. Garritzmann
3. W. Van Lancker
4. Marius R. Busemeyer

In Political Science and International Relations

1. Julian L. Garritzmann
2. E. Pavolini
3. Erik Neimanns
4. W. Van Lancker
5. Marius R. Busemeyer
6. Niklas Potrafke

Citations in the corpus

• The Matthew effect in childcare use: a matter of policies or preferences? (2018, background): “The social investment (SI) perspective emphasizes that social policy should not only provide a buffer for protection against the occurrence of social risks, but should focus on raising the stock of human capital and easing the flow of labour market integration (Hemerijck 2018).”
• Public demand for social investment: new supporting coalitions for welfare state reform in Western Europe? (2018, background): “The topic of social investment has recently received much attention among policy-makers and welfare state scholars (Bengtsson et al. 2017; Bonoli 2007; Esping-Andersen 2002; Morel et al. 2012; see Hemerijck (2018) in this collection).”