Politics of Risk-Taking
Welfare State Reform in Advanced Democracies
Distributed for Amsterdam University Press
How much and in which direction have the welfare states among the Western democracies changed over the past decades? Moreover, under what conditions have governments enacted these changes? Based on insights from prospect theory, Barbara Vis demonstrates how socioeconomic or political setbacks affect a government’s view of risk—and thereby the degree and type of reform they pursue. This study’s new theoretical stance and innovative methodological approach make it a must read for those policymakers, scholars, and students interested in the politics of welfare state reform.
“Given the electoral risks, the question of why governments reform the welfare-state at all has long been in need of an answer. Based on prospect theory, Politics of Risk-taking offers and original answer. It is a must for anyone interested in the politics of welfare-state reforms.”