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9781108971584

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'The world is awash in unprecedented levels of credit and debt. Yet we know very little about the political implications of borrowing. Until now. Andreas Wiedemann's remarkable book revolutionizes our understanding of the political economy of debt, building on a masterful series of analyses of individual and country level data. An absolute must read.' Ben Ansell, University of Oxford 'This innovative study sheds new light on the relationship between policies granting access to credit and social policies by explaining differences in the ways in which individuals cope with sudden income losses. Access to credit allows households to address temporary loss in income and also affects important investment decisions made by households over the course of the life cycle. Andreas Wiedemann develops a framework for understanding how the ability of households with different income-levels to cope with financial shortfalls differs across countries.' Isabela Mares, Yale University

'The world is awash in unprecedented levels of credit and debt. Yet we know very little about the political implications of borrowing. Until now. Andreas Wiedemann's remarkable book revolutionizes our understanding of the political economy of debt, building on a masterful series of analyses of individual and country level data. An absolute must read.' Ben Ansell, University of Oxford 'This innovative study sheds new light on the relationship between policies granting access to credit and social policies by explaining differences in the ways in which individuals cope with sudden income losses. Access to credit allows households to address temporary loss in income and also affects important investment decisions made by households over the course of the life cycle. Andreas Wiedemann develops a framework for understanding how the ability of households with different income-levels to cope with financial shortfalls differs across countries.' Isabela Mares, Yale University '… a must read for scholars of social welfare policy, political economy, and inequality.' Mallory E. SoRelle, Comparative Politics

'The world is awash in unprecedented levels of credit and debt. Yet we know very little about the political implications of borrowing. Until now. Andreas Wiedemann's remarkable book revolutionizes our understanding of the political economy of debt, building on a masterful series of analyses of individual and country level data. An absolute must read.' Ben Ansell, University of Oxford 'This innovative study sheds new light on the relationship between policies granting access to credit and social policies by explaining differences in the ways in which individuals cope with sudden income losses. Access to credit allows households to address temporary loss in income and also affects important investment decisions made by households over the course of the life cycle. Andreas Wiedemann develops a framework for understanding how the ability of households with different income-levels to cope with financial shortfalls differs across countries.' Isabela Mares, Yale University

Author Information

Andreas Wiedemann is Assistant Professor of Political Science and International Affairs at Princeton University and the School for Public and International Affairs. He is also a faculty affiliate with the Niehaus Center for Globalization and Governance and the Center for the Study of Democratic Politics at Princeton. He studies the comparative political economy of advanced democracies, focusing on economic inequality, redistribution and social policies, and electoral politics. His most recent work has been published in the American Journal of Political Science and the British Journal of Political Science. Wiedemann's research has been supported by the Social Science Research Council, the Andrew W. Mellon Foundation, the Horowitz Foundation for Social Policy, and the Krupp Foundation, among others. He received the Gabriel A. Almond Award for the Best Dissertation in Comparative Politics and the Ernst B. Haas Award for the best dissertation on European Politics and Societies from the American Political Science Association.

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