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Varieties of CapitalismThe Institutional Foundations of Comparative Advantage$
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Peter A. Hall and David Soskice

Print publication date: 2001

Print ISBN-13: 9780199247752

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199247757.001.0001

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Social Protection and the Formation of Skills: A Reinterpretation of the Welfare State

Social Protection and the Formation of Skills: A Reinterpretation of the Welfare State

(p.145) 4 Social Protection and the Formation of Skills: A Reinterpretation of the Welfare State
Varieties of Capitalism

Margarita Estevez‐Abe

Torben Iversen

David Soskice

Oxford University Press

Outlines a new approach to the study of the welfare state. Contrary to the emphasis on ‘decommodification’ in the current literature, it is argued that important dimensions of the welfare state—employment protection, unemployment protection, and wage protection—are designed to make workers more willing to invest in firm‐ and industry‐specific skills that increase their dependence on particular employers and their vulnerability to market fluctuations. Workers will only make such risky investments when they have some insurance that their job or income is secure; otherwise, they will invest in general, and therefore portable, skills. In turn, because the skill composition of the work force constrains the set of product‐market strategies that firms can pursue successfully, employers will support social protection that facilitates the set of skills that they need to be competitive in particular international product markets. It shows that the argument is consistent with observed clusters of social protection and skill profiles among OECD countries, and that these clusters are associated with very different distributional outcomes and patterns of gender‐specific labour market segmentation.

Keywords:   equality, gender, redistribution, skills, social protection, stratification, welfare state

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