Working Paper: NBER ID: w30066
Authors: Price V. Fishback
Abstract: Social welfare spending on health, welfare, and insurance against adverse outcomes expanded a great deal in all of the developed countries during the 20th century. The institutional structure of the spending varies with respect to the extent that governments or market institutions provide the services. Sweden and the United States are on opposite ends of this spectrum. After discussing the problems with adverse selection and moral hazard that bedevil private and public social welfare organizations, I compare the development of the social welfare institutions in the U.S. and Sweden in the 20th century.
Keywords: No keywords provided
JEL Codes: H55; N40; N42; N44
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Institutional structures of social welfare expenditures in the U.S. (H53) | Changes in social welfare spending in the U.S. (I38) |
| Institutional structures of social welfare expenditures in Sweden (H53) | Changes in social welfare spending in Sweden (H53) |
| Economic context and policy decisions in each country (F68) | Institutional structure of social welfare (I38) |
| Historical paths taken by each country (N73) | Differences in social welfare expenditures (H53) |