Publication:
Toward a New Social Contract: Taking on Distributional Tensions in Europe and Central Asia

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dc.contributor.authorDavalos, Maria E.
dc.contributor.authorBussolo, Maurizio
dc.contributor.authorPeragine, Vito
dc.contributor.authorSundaram, Ramya
dc.date.accessioned2018-09-10T17:20:05Z
dc.date.available2018-09-10T17:20:05Z
dc.date.issued2018-09-25
dc.description.abstractThe 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.
dc.identifier.doi10.1596/978-1-4648-1353-5
dc.identifier.isbn978-1-4648-1353-5
dc.identifier.urihttps://hdl.handle.net/10986/30393
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesEurope and Central Asia Studies;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectSOCIAL CONTRACT
dc.subjectPENSIONS
dc.subjectSOCIAL SAFETY NET
dc.subjectEMPLOYMENT
dc.subjectTECHNOLOGY
dc.subjectINEQUALITY TRAP
dc.subjectGLOBALISM
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectPOPULISM
dc.subjectMIDDLE CLASS
dc.subjectINCOME DISTRIBUTION
dc.subjectINEQUALITY
dc.titleToward a New Social Contracten
dc.title.subtitleTaking on Distributional Tensions in Europe and Central Asiaen
dc.typeBooken
dc.typeLivrefr
dc.typeLibroes
dspace.entity.typePublication
okr.crossref.titleToward a New Social Contract: Taking on Distributional Tensions in Europe and Central Asia
okr.date.disclosure2018-09-25
okr.date.doiregistration2025-04-15T11:40:27.072269Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Publication
okr.identifier.doi10.1596/978-1-4648-1353-5
okr.identifier.doihttps://doi.org/10.1596/978-1-4648-1353-5
okr.identifier.internaldocumentum211353
okr.identifier.report130299
okr.importedtrueen
okr.language.supporteden
okr.region.administrativeEurope and Central Asia
okr.region.geographicalCentral Asia
okr.region.geographicalEastern Europe
okr.region.geographicalEurope and Central Asia
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicPoverty Reduction::Inequality
okr.topicSocial Development::Poverty and Social Impact Analysis
okr.topicSocial Development::Social Inclusion & Institutions
okr.topicSocial Development::Social Policy
okr.unitECACE
relation.isAuthorOfPublicationd0039343-97ad-5806-88d5-81b58fee8116
relation.isAuthorOfPublication19309142-5e5a-5b14-94a2-919a0e954e08
relation.isAuthorOfPublication.latestForDiscovery19309142-5e5a-5b14-94a2-919a0e954e08
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