2001
DOI: 10.1017/s0003055400400079
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An Asset Theory of Social Policy Preferences

Abstract: W e present a theory of social policy preferences that emphasizes the composition of people's skills. The key to our argument is that individuals who have made risky investments in skills will demand insurance against the possible future loss of income from those investments. Because the transferability of skills is inversely related to their specificity, workers with specific skills face a potentially long spell of unemployment or a significant decline in income in the event of job loss. Workers deriving most… Show more

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Cited by 825 publications
(682 citation statements)
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References 28 publications
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“…Given these weaknesses of the quantitative measures, much variance could not be captured well in the regressions. This is an important finding for these items alone as they are so widely used (see for example Iversen and Soskice 2001).…”
Section: Weak Measurement Of the Dependent Variables And Incomplete Mmentioning
confidence: 87%
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“…Given these weaknesses of the quantitative measures, much variance could not be captured well in the regressions. This is an important finding for these items alone as they are so widely used (see for example Iversen and Soskice 2001).…”
Section: Weak Measurement Of the Dependent Variables And Incomplete Mmentioning
confidence: 87%
“…Some studies on welfare state attitudes in general do exist. These can be summarised into two strands: (a) one highlights the socio-economic situation of an individual and the ensuing need for transfers and for insurance (see for example Iversen and Soskice 2001; the other suggests that institutional and historical welfare state regimes socialise an individual into certain beliefs about the scope and the qualities of the welfare state (see for example Esping-Andersen 1990). In addition, there is a distinct body of knowledge in family sociology, developing models of intergenerational solidarity in the family (see for example Bengtson and Roberts 1991).…”
Section: Research Questions and Overview Of Theoretical Knowledgementioning
confidence: 99%
“…If higher income agents also face more risks, they may be in favour of a redistributive social insurance which would weaken the adverse income effects of job loss (Moene and Wallerstein 2001). Iversen and Soskice (2001) add another element, the difference in risk stemming from the type of skills of the agent: general or specific. They show that agents with specific skills are more sensitive to labour-market risks.…”
Section: Literaturementioning
confidence: 99%
“…It has been noticed in several contributions (Iversen and Soskice 2001;Alesina and La Ferrara 2005;Rehm 2005;Guillaud 2007) that the self-employed tend to have different attitudes toward risk or redistribution than other workers. They may have lower risk aversion or simply be in a position to employ other individuals and consider themselves as net contributors to the welfare state or having interests diverging from those of the trade unions.…”
Section: Explanatory Variablesmentioning
confidence: 99%
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