Beyond trade-offs: Exploring the changing interplay of public and private welfare provision in old age and health in the historical long-run
Alexander Horn,
Sebastian Kohl
Abstract:Modern welfare states compete with private providers of welfare in offering economic security. This is most evident in the case of pensions competing with life insurance and private pensions as well as of public health insurance competing with private insurance providers. The common view of this public–private relationship is one of a trade-off: longitudinally, political scientists describe how retrenchment was pushed by privatized welfare, whereas economists trace the crowding-out of private to public welfare… Show more
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