“…The global financial crisis that erupted in 2008 had, and still has, serious consequences for economic growth and unemployment levels worldwide (Crettaz, ; Hanan, ; Hujo & Gaia, ; Karanikolos et al, ; OECD, ). Together with other previous and ongoing profound demographic, social and economic changes since the 1980s, scholars have observed the emergence of a neoliberal social investment paradigm in several European welfare states (Anthony, King, & Austin, ; Cantillon, ; Dwyer, ; Gray, ; Hujo & Gaia, ; Lorenz, ; Schiettecat, Roets, & Vandenbroeck, ). Within this paradigm, human capital investment strategies and the objective of full labour market participation are considered as ways to ensure social justice and economic efficiency, rather than focussing on social protection and the redistribution of resources and power (Hanan, ; Pentaraki, ; van Hooren, Kaasch, & Starke, ).…”