IFN in the news

The welfare state needs updating

2018-07-14 Economist and more

 The welfare state is the theme in this article by The Economist. The magazine is refering to research by IFN faculry: "Spending on “social protection” (pensions, benefits and the like) in the OECD club of countries has increased from 5% in the 1960s to 15% in 1980 to 21% in 2016. In a paper published in 2011, two economists, Andreas Bergh and Magnus Henrekson, estimated that a ten-percentage-point increase in the size of the state in rich countries is associated with a fall in the annual rate of GDP growth of 0.5 to one percentage point."

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This article appeared in the International section of the print edition under the headline "Repairing the safety net"

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