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Welfare economics is a field of economics that applies microeconomic techniques to evaluate the overall well-being (welfare) of a society. [ 1 ] The principles of welfare economics are often used to inform public economics , which focuses on the ways in which government intervention can improve social welfare .
The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, [1] is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state.
Nordic countries have been enjoying high economic and productivity growth, but most remarkably they consistently conquer top spots in world happiness surveys. [3] [4] The welfare systems within the Nordic Model also emerge as highly-rated in many standard international comparisons of welfare or well-being (e.g. World Economic Forum 2020). [5]
Feminist economists also examine early economic thinkers' interaction or lack of interaction with gender and women's issues, showing examples of women's historical engagement with economic thought. For example, Edith Kuiper discusses Adam Smith's engagement with feminist discourse on the role of women in the eighteenth century France and ...
Women in Germany earned 18% less on average than men last year, due largely to a levelling-off in earnings after having children and taking part-time work, the Federal Statistics Office said on ...
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. A typical methodology begins with the derivation (or assumption) of a social welfare function, which can then be used to rank economically feasible allocations of resources in terms of the social welfare they entail.
Gender and Welfare State Regimes is an organizing concept that focuses a country's traditional social welfare policies in terms of how it influences employment and general social structure. [1] Gender in terms of the welfare state regime varies based on how a nation perceives and acts on the value of gender.
With a rapidly ageing population, Germany is urgently looking at how it can get more work from a labour force that enjoys the most ample leisure time in the rich world. Government measures ...