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Do generous welfare states generate efficiency gains which counterbalance short run losses? Testing downside risk theory with economic panel data for the U.S., Germany and the Netherlands

Headey,B.
; 
Muffels,R.J.A.
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2008
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Tilburg University Research Output Collection
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Headey, B & Muffels, R J A 2008, 'Do generous welfare states generate efficiency gains which counterbalance short run losses? Testing downside risk theory with economic panel data for the U.S., Germany and the Netherlands', Social Indicators Research, vol. 86, no. 2, pp. 337-354.
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https://hdl.handle.net/20.500.14602/48848
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