This paper argues that the traditional societal contract that underlies the market economy has run its course and needs to be replaced by a new contract, based on a new conception of the "empowering economy." Whereas different societal contracts are relevant to different societies, there must be...

Losing a job has always been understood as one of the most important causes of downward social mobility in modern societies. And it's only gotten worse in recent years, as the weakening position of workers has made re-entering the labour market even tougher. "The Impact of Losing Your Job"...

This paper analyzes welfare-state determinants of individual attitudes towards immigrants - within and across countries - and their interaction with labor-market drivers of preferences. We consider two different mechanisms through which a redistributive welfare system might adjust as a result of...