Is Social Protection a Luxury Good?:
The claim that social protection is a luxury good-with a national income elasticity exceeding unity-has been influential. The paper tests the "luxury good hypothesis" using newly-assembled data on social protection spending across countries since 1995, treating the pandemic period separate...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
The World Bank
2022
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | The claim that social protection is a luxury good-with a national income elasticity exceeding unity-has been influential. The paper tests the "luxury good hypothesis" using newly-assembled data on social protection spending across countries since 1995, treating the pandemic period separately, as it entailed a large expansion in social protection efforts. While the mean income share devoted to social protection rises with income, this is attributable to multiple confounders, including relative prices, weak governance in low-income countries and access to information-communication technologies. Controlling for these, social protection is not a luxury good. This was also true during the pandemic |
| Physical Description: | 1 Online-Ressource (60 Seiten) |
| DOI: | 10.1596/1813-9450-10174 |
Staff View
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| 520 | 3 | |a The claim that social protection is a luxury good-with a national income elasticity exceeding unity-has been influential. The paper tests the "luxury good hypothesis" using newly-assembled data on social protection spending across countries since 1995, treating the pandemic period separately, as it entailed a large expansion in social protection efforts. While the mean income share devoted to social protection rises with income, this is attributable to multiple confounders, including relative prices, weak governance in low-income countries and access to information-communication technologies. Controlling for these, social protection is not a luxury good. This was also true during the pandemic | |
| 650 | 4 | |a Distribution | |
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| 650 | 4 | |a Engel Curve | |
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| 650 | 4 | |a ICT Economics | |
| 650 | 4 | |a ICT Support To Social Protections | |
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| 650 | 4 | |a Macroeconomics and Economic Growth | |
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| 650 | 4 | |a Social Protection | |
| 650 | 4 | |a Social Protection Expenditure | |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:56Z |
| indexdate | 2025-02-20T07:20:17Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (60 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 2022 |
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| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Lokshin, Michael Is Social Protection a Luxury Good? Distribution Economic Assistance Engel Curve Governance ICT Economics ICT Support To Social Protections Information and Communication Technologies Macroeconomics and Economic Growth Pandemic Selective Data Reporting Social Protection Social Protection Expenditure Social Protections and Assistance Social Protections and Labor |
| title | Is Social Protection a Luxury Good? |
| title_auth | Is Social Protection a Luxury Good? |
| title_exact_search | Is Social Protection a Luxury Good? |
| title_exact_search_txtP | Is Social Protection a Luxury Good? |
| title_full | Is Social Protection a Luxury Good? Michael Lokshin |
| title_fullStr | Is Social Protection a Luxury Good? Michael Lokshin |
| title_full_unstemmed | Is Social Protection a Luxury Good? Michael Lokshin |
| title_short | Is Social Protection a Luxury Good? |
| title_sort | is social protection a luxury good |
| topic | Distribution Economic Assistance Engel Curve Governance ICT Economics ICT Support To Social Protections Information and Communication Technologies Macroeconomics and Economic Growth Pandemic Selective Data Reporting Social Protection Social Protection Expenditure Social Protections and Assistance Social Protections and Labor |
| topic_facet | Distribution Economic Assistance Engel Curve Governance ICT Economics ICT Support To Social Protections Information and Communication Technologies Macroeconomics and Economic Growth Pandemic Selective Data Reporting Social Protection Social Protection Expenditure Social Protections and Assistance Social Protections and Labor |
| url | https://doi.org/10.1596/1813-9450-10174 |
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