"A Trend of Welfare-State Reforms: The Shift to the Asset-Based Welfare"
last update: 20151224
A Trend of Welfare-State Reforms: The Shift to the Asset-Based Welfare
Recently, we can observe a tendency that policymakers in the welfare states, notably in the U.S.
and the U.K., are planning to newly adopt policies of personal asset-holdings in stead of the various
kinds of welfare provisions which have been the pillar of economic securities for individuals since
the Second World War. These new policy-packages are generally called the "Asset-Based Welfare".
A representative one is a series of asset-building-promoting accounts which are opened by an
individual with a cooperation of public sectors. The objects of this paper are, firstly, to examine the
actual conditions of those accounts, and secondly,to investigate the theoretical backgrounds of the
Asset-Based Welfare and the political aims of policymakers to implement the policies of personal
Keywords: Asset-Based Welfare, Basic Capital, Basic Income, Ownership Society, Welfare Reform