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The Uses of Social Investment$
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Anton Hemerijck

Print publication date: 2017

Print ISBN-13: 9780198790488

Published to Oxford Scholarship Online: July 2017

DOI: 10.1093/oso/9780198790488.001.0001

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The Politics of Social Investment

The Politics of Social Investment

Policy Legacies and Class Coalitions

(p.339) 31 The Politics of Social Investment
The Uses of Social Investment

Silja Häusermann

Bruno Palier

Oxford University Press

Recent research on the development of social investment has demonstrated reform progress not only in different regions of Europe, but also in Latin America and South-East Asia. However, the specific substance of the social investment agendas varies strongly between these regions. Why have social investment ideas and policies been more developed in some regions and countries than in others? Building on the theoretical framework of this volume, our chapter suggests that the content of regional social investment agendas depends on policy legacies in terms of investment vs consumption-oriented policies and their interaction with structural pressures. In a second step, we argue that the chances of social investment agendas to be implemented depend on the availability of political support coalitions between organizational representatives of the educated middle classes and either business or working-class actors. We illustrate our claims with reference to family policy developments in France, Germany, and Switzerland.

Keywords:   family policy, policy legacies, social investment, Europe, Latin America, South-East Asia, family policy developments

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