Austerity or welfare state transformation? Examining the impact of economic crises on social regulation in Europe

This article provides an encompassing analysis of how economic crises affect social regulation. The analysis is based on an innovative dataset that covers policy output changes in 13 European countries over a period of 34 years (1980–2013) in the areas of pensions, unemployment, and child benefits. By performing a negative binomial regression analysis, we show that economic crises do matter for social policymaking. Our main empirical finding is that crises impinge on social regulation by opening a window of opportunity that facilitates the dismantling of social policy standards. Yet crisis‐induced policy dismantling is restricted to adjustments based on existing policy instruments. We do not find significant variation in policymaking patterns across different macroeconomic conditions for the more structural elements of social policy portfolios, such as the envisaged social policy targets or the policy instruments applied. This suggests that economic crises do not lead to a profound transformation of the welfare state but to austerity.     

Industry-specificities and size of corporations: determinants of ownership structures

This paper analyses ownership concentration in six European countries and empirically studies the rent-seeking theory. This theory states that ownership concentration not only depends on the level of investor protection but also on company-specific and industry-specific parameters. This study analyses the sector-specific ownership patterns of listed corporations. The results only partially confirm the influence of industry-specific characteristics. Different industries are characterized by different shareholder concentration patterns. Hence, and in light of the rent-seeking theory, it is plausible that company's specific characteristics, like the identity of the largest shareholder, the risk of the firm, etc. influence rent-seeking behavior.     

The Enduring Scandinavian Party System

The frozen party hypothesis has been rejected in several contemporary studies. However, by conceptualizing the Scandinavian parties in three categories, and by focusing the study on the three pole parties originally emphasized by Stein Rokkan, the bulk of the Scandinavian party system is still frozen. Diminishing class voting and electoral instability are inefficient measures of how well cleavages structures are reflected in the party system. Cleavages must be understood in a broader context where the struggle between the three fronts to incorporate new categories of voters is the very essence of an enduring cleavage structure.     

Finland

European Journal of Political Research -