Toward a New Social Contract : Taking on Distributional Tensions in Europe and Central Asia
The growing economic fissures in the societies of Europe and Central Asia between generations, between insiders and outsiders in the labor market, between rural and urban communities, and between the super-rich and everyone else, are threatening the sustainability of the social contract. The institu...
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Washington, DC: World Bank
2018
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| Online Access: | http://hdl.handle.net/10986/30393 |
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okr-10986-303932021-04-23T14:04:57Z Toward a New Social Contract : Taking on Distributional Tensions in Europe and Central Asia Bussolo, Maurizio Davalos, Maria E. Peragine, Vito Sundaram, Ramya SOCIAL CONTRACT PENSIONS SOCIAL SAFETY NET EMPLOYMENT TECHNOLOGY INEQUALITY TRAP GLOBALISM TECHNOLOGICAL CHANGE POPULISM MIDDLE CLASS INCOME DISTRIBUTION INEQUALITY The growing economic fissures in the societies of Europe and Central Asia between generations, between insiders and outsiders in the labor market, between rural and urban communities, and between the super-rich and everyone else, are threatening the sustainability of the social contract. The institutions that helped achieving a remarkable degree of equity and prosperity over the course of several decades now face considerable difficulties in coping with the challenges presented by these emerging forms of inequality. Public surveys reveal rising concerns over inequality of opportunity, while electoral results show a marked shift to populist parties that offer radical solutions to voters dissatisfied with the status quo. There is no single solution to relieve these tensions, and attempts to address them will vary considerably across the region. However, this publication proposes three broad policy principles: (1) promote labor market flexibility while maintaining protection for all types of labor contracts; (2) seek universality in the provision of social assistance, social insurance, and basic quality services; and (3) expand the tax base by complementing progressive labor-income taxation with taxation of capital. These principles could guide the rethinking of the social contract and fulfil European citizens’ aspirations for growth and equity. 2018-09-10T17:20:05Z 2018-09-10T17:20:05Z 2018-09-25 Book 978-1-4648-1353-5 http://hdl.handle.net/10986/30393 English Europe and Central Asia Studies; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Europe and Central Asia Central Asia Eastern Europe Europe and Central Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
SOCIAL CONTRACT PENSIONS SOCIAL SAFETY NET EMPLOYMENT TECHNOLOGY INEQUALITY TRAP GLOBALISM TECHNOLOGICAL CHANGE POPULISM MIDDLE CLASS INCOME DISTRIBUTION INEQUALITY |
| spellingShingle |
SOCIAL CONTRACT PENSIONS SOCIAL SAFETY NET EMPLOYMENT TECHNOLOGY INEQUALITY TRAP GLOBALISM TECHNOLOGICAL CHANGE POPULISM MIDDLE CLASS INCOME DISTRIBUTION INEQUALITY Bussolo, Maurizio Davalos, Maria E. Peragine, Vito Sundaram, Ramya Toward a New Social Contract : Taking on Distributional Tensions in Europe and Central Asia |
| geographic_facet |
Europe and Central Asia Central Asia Eastern Europe Europe and Central Asia |
| relation |
Europe and Central Asia Studies; |
| description |
The growing economic fissures in the societies of Europe and Central Asia between generations, between insiders and outsiders in the labor market, between rural and urban communities, and between the super-rich and everyone else, are threatening the sustainability of the social contract. The institutions that helped achieving a remarkable degree of equity and prosperity over the course of several decades now face considerable difficulties in coping with the challenges presented by these emerging forms of inequality. Public surveys reveal rising concerns over inequality of opportunity, while electoral results show a marked shift to populist parties that offer radical solutions to voters dissatisfied with the status quo. There is no single solution to relieve these tensions, and attempts to address them will vary considerably across the region. However, this publication proposes three broad policy principles: (1) promote labor market flexibility while maintaining protection for all types of labor contracts; (2) seek universality in the provision of social assistance, social insurance, and basic quality services; and (3) expand the tax base by complementing progressive labor-income taxation with taxation of capital. These principles could guide the rethinking of the social contract and fulfil European citizens’ aspirations for growth and equity. |
| format |
Book |
| author |
Bussolo, Maurizio Davalos, Maria E. Peragine, Vito Sundaram, Ramya |
| author_facet |
Bussolo, Maurizio Davalos, Maria E. Peragine, Vito Sundaram, Ramya |
| author_sort |
Bussolo, Maurizio |
| title |
Toward a New Social Contract : Taking on Distributional Tensions in Europe and Central Asia |
| title_short |
Toward a New Social Contract : Taking on Distributional Tensions in Europe and Central Asia |
| title_full |
Toward a New Social Contract : Taking on Distributional Tensions in Europe and Central Asia |
| title_fullStr |
Toward a New Social Contract : Taking on Distributional Tensions in Europe and Central Asia |
| title_full_unstemmed |
Toward a New Social Contract : Taking on Distributional Tensions in Europe and Central Asia |
| title_sort |
toward a new social contract : taking on distributional tensions in europe and central asia |
| publisher |
Washington, DC: World Bank |
| publishDate |
2018 |
| url |
http://hdl.handle.net/10986/30393 |
| _version_ |
1764471869458612224 |