welfare state

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Welfare State

The concept in which a government is or views itself as responsible for providing some minimum economic security for citizens. For example, the government may guarantee housing, work and a minimum income for all citizens. Less comprehensively, a government may provide income during periods of unemployment or poverty. Most governments have a welfare state to some degree. Proponents view welfare states as a form of economic justice. Critics contend that they are detrimental to GDP growth and promote needless dependency.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

welfare state

a country that provides comprehensive SOCIAL-SECURITY BENEFITS such as state health services, state retirement pensions, unemployment and sickness benefits, etc. See TRANSFER PAYMENTS, GOVERNMENT EXPENDITURE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
However, while there is no denying that Nordic welfare states are founded upon a comprehensive and universally available system of services and benefits, a significant aspect of the Nordic model is the way in which the basic universal benefits and services are complemented by earnings-related components.
As the program also states, the Nordic welfare states must prepare to continually adapt to social change, changing demographics, globalization, and the consequences of climate change in the future.
Many of the contributions focus on the Nordic welfare states and the models that have been employed to explain them.
The Nordic welfare states are therefore based on two parallel systems.
At stake is the consensus that has grown across the high-cost Nordic welfare states out of the realisation that small, export-dependent economies can ill afford polarisation and policy stagnation.
Citizenship in Nordic welfare states; dynamics of choice, duties and participation in a changing Europe.
He too can learn from the Nordic Welfare States that continue to serve their over 27 million people in the five countries in Northern Europe.

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