Journals Higher Education



Published: 01 March 2012

412 Pages


ISBN: 9780199297818

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This text is published by OUP Higher Education Division

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Economics of the Welfare State

Fifth Edition

Nicholas Barr

  • The only UK textbook to focus on welfare issues such as education, health care, pensions and poverty relief, rather than general public economics
  • Analyses the major elements of the welfare state within a coherent economic theoretical framework
  • Emphasis on welfare systems internationally, allowing students to see the direct relevance and application of their learning
  • International examples give students the opportunity to compare different institutions and welfare issues around the world

New to this Edition:

  • Increased international coverage with boxed examples throughout the text
  • Two theory chapters are substantially updated to include behavioural economics, incomplete markets and incomplete contracts
  • Pensions chapter rewritten to simplify concepts, deepen theory and extend discussion of gender and includes boxes on pensions systems and age pyramids in a range of countries
  • Discussion of benefits in kind includes increased international coverage
  • Historical coverage now incorporated in chapter 1 to allow for greater focus on other key areas
  • Globalization features as a topic in the concluding chapter

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