Welfare State
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Last updated 1:23 AM on 11/26/24
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4 Terms
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Decommodification
The degree that welfare state allows people to maintain their living standards independent of market forces (if economy crashes can ppl still live? If employment ends so does quality of life?) if low market determines living standards
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Wagners Law
As country’s get richer they develop a larger welfare state bc welfare state is a very expensive luxury
3
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Retrenchment
The reduction of costs and spending in economic difficulty
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Negativity bias
Losing a benefit is more painful than gaining an equivalent benefit
Note 
Flashcards (46)