Shared Responsibility, Shared Risk: Government, Markets and Social Policy in the Twenty-First…

Paperback | December 14, 2011

EditorJacob Hacker, Ann OLeary

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The collapse of the financial markets in 2008 and the resulting 'Great Recession' merely accelerated an already worrisome trend: the shift away from an employer-based social welfare system in the United States. Since the end of World War II, a substantial percentage of the costs of socialprovision - most notably, unemployment insurance and health insurance - has been borne by employers rather than the state. The US has long been unique among advanced economies in this regard, but in recent years, its social contract has become so frayed that is fast becoming unrecognizable. DespiteObama's election, the burdens of social provision are falling increasingly upon individual families, and the situation is worsening because of the unemployment crisis. How can we repair the American social welfare system so that workers and families receive adequate protection and, if necessary,provision from the ravages of the market? In Shared Responsibility, Shared Risk, Jacob Hacker and Ann O'Leary have gathered a distinguished group of scholars on American social policy to address this most fundamental of problems. Collectively, they analyze how the 'privatization of risk' has increased hardships for American families andincreased inequality. They also propose a series of solutions that would distribute the burdens of risks more broadly and expand the social safety net. The range of issues covered is broad: health care, homeownership, social security and aging, unemployment, wealth (as opposed to income) creation,education, and family-friendly policies. The book is also comparative, measuring US social policy against the policies of other advanced nations. Given the current crisis in America social policy and the concomitant paralysis within government, the book has the potential to make an importantintervention in the current debate.

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The collapse of the financial markets in 2008 and the resulting 'Great Recession' merely accelerated an already worrisome trend: the shift away from an employer-based social welfare system in the United States. Since the end of World War II, a substantial percentage of the costs of socialprovision - most notably, unemployment insurance...

Jacob S. Hacker is Professor of Political Science at Yale University. Ann O'Leary is Executive Director of Berkeley Center on Health, Economic, and Family Security at University of California-Berkeley Law School.

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Format:PaperbackDimensions:304 pages, 9.25 × 6.12 × 0.68 inPublished:December 14, 2011Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199781923

ISBN - 13:9780199781928

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Table of Contents

Craig Calhoun: Foreword: Shared ResponsibilityAcknowledgementsAbout the ContributorsPart I: Inspirations and Challenges for Shared Responsibility, Shared Risk1. Jacob S. Hacker: The New Economic Insecurity and What Can Be Done About It2. David Moss: History of the Government as Risk Manager3. Neil Gilbert: The American Challenge in Cross-National Perspective4. Mariano-Florentino Cuellar and Connor Raso: The Arms of Democracy: The Legacy of Economic Security PolicyPart II: Improving Economic Security for Workers5. Heather Boushey: The Role of Government in Ensuring Job Security6. Stephen D. Sugarman: Income Security When Temporarily Away from WorkPart III: Improving Economic Security for Families7. Christian Weller and Amy Helburn: Public Policy to Build Wealth for America's Middle Class8. Katherine Porter: Risk Allocation in Homeownership9. Ann O'Leary: Risk Sharing When Work and Family Clash: The Need for Government and Employer InnovationPart IV: Increasing Health and Retirement Security10. Jacob S. Hacker: Securing Health11. Alicia Munnell: Redesigning Our Retirement System in the Wake of the Financial Collapse12. Andrew Scharlach and Amanda Lehning: Government's Role in Aging and Long-Term CarePart V: Conclusions13. Martha Minow: A Philosophy of Governance for a Risky EconomyJacob S. Hacker: Conclusion: America's Next Social Compact: Lessons from the Past, Prospects for the FutureIndex