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To What Extent Did the Financial Crisis Intensify the Pressure to Reform the Welfare State?

To What Extent Did the Financial Crisis Intensify the Pressure to Reform the Welfare State?. [Kees van Kersbergen, 2 March 2011]. Three phases: Supporting banks Keynesian macroeconomic policies Cutbacks of social expenditures

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To What Extent Did the Financial Crisis Intensify the Pressure to Reform the Welfare State?

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  1. To What Extent Did the Financial Crisis Intensify the Pressure to Reform the Welfare State? [Kees van Kersbergen, 2 March 2011]

  2. Three phases: • Supporting banks • Keynesian macroeconomic policies • Cutbacks of social expenditures Study of the United Kingdom, Germany and Sweden plus the Netherlands, Denmark and the United States

  3. Bank Bailouts: a costlyaffair Sweden: € 5 Billion ( 1.5 % of GDP) Denmark: € 18 Billion ( 8.0 % of GDP) NL € 20 Billion ( 7.0 % of GDP) Germany €480 Billion (20 % of GDP) US €519 Billion ( 5 % of GDP) UK €960 Billion (60 % of GDP)

  4. How to find out what’s happening? • Moving target; “official” sources limited • Qualitative content analysis of media sources, particularly national and international newspapers, documents from international organizations, news wire services, TV and radio broadcast transcripts and web publications (mainly through LexisNexis), between October 2009 and April 2010 • Additionally, we made use of published work (e.g. Mandl & Salvatore 2009; Clegg 2010) • (Updating required…)

  5. Similar responses? (1)

  6. Similar responses? (2)

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