Sapir (2005) proposes as a general mean to evaluate the different social models, the following two criteria:
- Efficiency, that is, whether the model provides the incentives so as to achieve the largest number possible of employed persons, that is, the highest employment rate.
- Equity, that is, whether the social model achieves a relatively low poverty risk.
As can be seen in the graph, according to these two criteria, the best performance is achieved by the Nordic model. The Continental model should improve its efficiency whereas the Anglosaxon model its equity. The Mediterranean model underperforms in both criteria.
Some economists consider that between the Continental model and the Anglosaxon, the latter should be preferred given its better results in employment, which make it more sustainable in the long term, whereas the equity level depends on the preferences of each country (Sapir, 2005). Other economists argue that the Continental model cannot be considered worse than the Anglosaxon given that it is also the result of the preferences of those countries that support it (Fitoussi et al., 2000; Blanchard, 2004). This last argument can be used to justify any policy.
Other articles related to "conclusion":
... Affirmative conclusion from a negative premise (illicit negative) – when a categorical syllogism has a positive conclusion, but at least one negative premise ... term is not distributed in the major premise but distributed in the conclusion ... in the minor premise but distributed in the conclusion ...
... Conclusion of law, a legal term Statistical conclusion validity, a statistical test Conclusion of Utrecht, a synod of the Christian Reformed Church Sudler's Conclusion, a historic home in ...
... Statistical conclusion validity refers to the appropriate use of statistics to infer whether the presumed independent and dependent variables covary (Cook Campbell, 1979) ... The most common threats to statistical conclusion validity are Low statistical power Violated assumptions of the test statistics Fishing and the error ...
Famous quotes containing the word conclusion:
“No one can write a best seller by trying to. He must write with complete sincerity; the clichés that make you laugh, the hackneyed characters, the well-worn situations, the commonplace story that excites your derision, seem neither hackneyed, well worn nor commonplace to him.... The conclusion is obvious: you cannot write anything that will convince unless you are yourself convinced. The best seller sells because he writes with his hearts blood.”
—W. Somerset Maugham (18741966)
“We must not leap to the fatalistic conclusion that we are stuck with the conceptual scheme that we grew up in. We can change it, bit by bit, plank by plank, though meanwhile there is nothing to carry us along but the evolving conceptual scheme itself. The philosophers task was well compared by Neurath to that of a mariner who must rebuild his ship on the open sea.”
—Willard Van Orman Quine (b. 1908)
“Girls who put out are tramps. Girls who dont are ladies. This is, however, a rather archaic usage of the word. Should one of you boys happen upon a girl who doesnt put out, do not jump to the conclusion that you have found a lady. What you have probably found is a lesbian.”
—Fran Lebowitz (b. 1951)