Berthold, Norbert (contributor); … - 2008
difference in the generosity of the welfare state
does not correspond with a much lower GDP per capita as can be seen in figure
3 … performance
of the welfare state in the pursuit of equity.
7
Figure 3: Log GDP
3 Welfare State Performance
Measuring equity is … welfare
state could foster efficiency as it could work as an insurance against risk, which
cannot be provided in the market …