Hemerijck Lab

European University Institute

Centro (IT) (ITI) · Italy

ERC-funded
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ERC Advanced Grant · 2019

Wellbeing Returns on Social Investment Recalibration

The concept of ‘social investment’ has gained traction in debates over welfare state fuThe concept of ‘social investment’ has gained traction in debates over welfare state futures. Like any notion of investment, social investment posits measurable ‘wellbeing returns’ on investment in advanced societies. Fundamental to any empirical assessment of social investment is the critical role of three complementary policy functions: (1) improving the stock of human capital; (2) easing the flow of gendered labour market and family life-course transitions; and (3) maintaining and updating inclusive social protection buffers, both in the present and over time. Assessing social investment ‘returns’ is…

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