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This paper examines a possible paradigm shift from protective welfare states to investment welfare states, using Spain as a case study. Methodologically, a historical-institutionalist approach to paradigm change was adopted, and three dimensions of analysis were studied: problems to be solved, objectives to be achieved and policies to be used. The main findings indicated there has been a quantitative change in Spain that recommodifies living conditions, and a qualitative reorientation is underway that individualizes risks and social protection.

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Restructuring of Welfare States. Quantitative and Qualitative Changes: the case of Spain / Reestructuración de los Estados del Bienestar. Cambios Cuantitativos y Cualitativos: el caso de España