The dynamics of social expenditures over the cycle: A comparison across OECD countries
This paper studies the cyclical behaviour of public social spending in 20 OECD countries observed over the period between 1982 and 2011. In view of the recent discussion on cutting the budget deficit, the paper pays particular attention to whether social spending is pro-cyclical or countercyclical,...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch Artikel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2015
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper studies the cyclical behaviour of public social spending in 20 OECD countries observed over the period between 1982 and 2011. In view of the recent discussion on cutting the budget deficit, the paper pays particular attention to whether social spending is pro-cyclical or countercyclical, whether it changes asymmetrically during expansions and recessions and whether the asymmetric changes in social spending contribute to a drift in social expenditures over time. The links between social spending levels and key economic variables, such as economic growth, provide also a useful context for discussing current social expenditure trends. The estimates, based on a system-GMM estimator, suggest that an upward ratchet effect exists. The effect is robust to a large number of alternative specifications. JEL classification: E32, E62, H50, I00 Keywords: Fiscal policy, economic cycles, social spending, ratchet effect |
| Beschreibung: | 1 Online-Ressource (30 p.) 21 x 28cm. |
| DOI: | 10.1787/eco_studies-2015-5jrs63lpkmxr |
Internformat
MARC
| LEADER | 00000caa a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061302511 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121508.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2015 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/eco_studies-2015-5jrs63lpkmxr |2 doi | |
| 035 | |a (DE-627-1)061302511 | ||
| 035 | |a (DE-599)KEP061302511 | ||
| 035 | |a (FR-PaOEC)eco_studies-2015-5jrs63lpkmxr | ||
| 035 | |a (EBP)061302511 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a I00 |2 jelc | ||
| 084 | |a E62 |2 jelc | ||
| 084 | |a E32 |2 jelc | ||
| 084 | |a H50 |2 jelc | ||
| 100 | 1 | |a D'Addio, Anna Cristina |e VerfasserIn |4 aut | |
| 245 | 1 | 4 | |a The dynamics of social expenditures over the cycle |b A comparison across OECD countries |c Anna Cristina, D'Addio |
| 264 | 1 | |a Paris |b OECD Publishing |c 2015 | |
| 300 | |a 1 Online-Ressource (30 p.) |c 21 x 28cm. | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a This paper studies the cyclical behaviour of public social spending in 20 OECD countries observed over the period between 1982 and 2011. In view of the recent discussion on cutting the budget deficit, the paper pays particular attention to whether social spending is pro-cyclical or countercyclical, whether it changes asymmetrically during expansions and recessions and whether the asymmetric changes in social spending contribute to a drift in social expenditures over time. The links between social spending levels and key economic variables, such as economic growth, provide also a useful context for discussing current social expenditure trends. The estimates, based on a system-GMM estimator, suggest that an upward ratchet effect exists. The effect is robust to a large number of alternative specifications. JEL classification: E32, E62, H50, I00 Keywords: Fiscal policy, economic cycles, social spending, ratchet effect | ||
| 650 | 4 | |a Economics | |
| 773 | 0 | 8 | |i Enthalten in |t OECD Journal: Economic Studies |g Vol. 2015, no. 1, p. 149-178 |
| 773 | 1 | 8 | |g volume:2015 |g year:2015 |g number:1 |g pages:149-178 |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/eco_studies-2015-5jrs63lpkmxr |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC-article | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a AR | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061302511 |
|---|---|
| _version_ | 1816797352322662400 |
| adam_text | |
| any_adam_object | |
| author | D'Addio, Anna Cristina |
| author_facet | D'Addio, Anna Cristina |
| author_role | aut |
| author_sort | D'Addio, Anna Cristina |
| author_variant | a c d ac acd |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC ZDB-13-SOC-article |
| ctrlnum | (DE-627-1)061302511 (DE-599)KEP061302511 (FR-PaOEC)eco_studies-2015-5jrs63lpkmxr (EBP)061302511 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/eco_studies-2015-5jrs63lpkmxr |
| format | Electronic Article |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02280caa a22004092 4500</leader><controlfield tag="001">ZDB-13-SOC-061302511</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121508.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2015 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/eco_studies-2015-5jrs63lpkmxr</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061302511</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061302511</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)eco_studies-2015-5jrs63lpkmxr</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061302511</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">I00</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E62</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E32</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">H50</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">D'Addio, Anna Cristina</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="4"><subfield code="a">The dynamics of social expenditures over the cycle</subfield><subfield code="b">A comparison across OECD countries</subfield><subfield code="c">Anna Cristina, D'Addio</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2015</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (30 p.)</subfield><subfield code="c">21 x 28cm.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper studies the cyclical behaviour of public social spending in 20 OECD countries observed over the period between 1982 and 2011. In view of the recent discussion on cutting the budget deficit, the paper pays particular attention to whether social spending is pro-cyclical or countercyclical, whether it changes asymmetrically during expansions and recessions and whether the asymmetric changes in social spending contribute to a drift in social expenditures over time. The links between social spending levels and key economic variables, such as economic growth, provide also a useful context for discussing current social expenditure trends. The estimates, based on a system-GMM estimator, suggest that an upward ratchet effect exists. The effect is robust to a large number of alternative specifications. JEL classification: E32, E62, H50, I00 Keywords: Fiscal policy, economic cycles, social spending, ratchet effect</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">OECD Journal: Economic Studies</subfield><subfield code="g">Vol. 2015, no. 1, p. 149-178</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:2015</subfield><subfield code="g">year:2015</subfield><subfield code="g">number:1</subfield><subfield code="g">pages:149-178</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/eco_studies-2015-5jrs63lpkmxr</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC-article</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061302511 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:56:12Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (30 p.) 21 x 28cm. |
| psigel | ZDB-13-SOC ZDB-13-SOC-article |
| publishDate | 2015 |
| publishDateSearch | 2015 |
| publishDateSort | 2015 |
| publisher | OECD Publishing |
| record_format | marc |
| spelling | D'Addio, Anna Cristina VerfasserIn aut The dynamics of social expenditures over the cycle A comparison across OECD countries Anna Cristina, D'Addio Paris OECD Publishing 2015 1 Online-Ressource (30 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper studies the cyclical behaviour of public social spending in 20 OECD countries observed over the period between 1982 and 2011. In view of the recent discussion on cutting the budget deficit, the paper pays particular attention to whether social spending is pro-cyclical or countercyclical, whether it changes asymmetrically during expansions and recessions and whether the asymmetric changes in social spending contribute to a drift in social expenditures over time. The links between social spending levels and key economic variables, such as economic growth, provide also a useful context for discussing current social expenditure trends. The estimates, based on a system-GMM estimator, suggest that an upward ratchet effect exists. The effect is robust to a large number of alternative specifications. JEL classification: E32, E62, H50, I00 Keywords: Fiscal policy, economic cycles, social spending, ratchet effect Economics Enthalten in OECD Journal: Economic Studies Vol. 2015, no. 1, p. 149-178 volume:2015 year:2015 number:1 pages:149-178 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/eco_studies-2015-5jrs63lpkmxr Volltext |
| spellingShingle | D'Addio, Anna Cristina The dynamics of social expenditures over the cycle A comparison across OECD countries Economics |
| title | The dynamics of social expenditures over the cycle A comparison across OECD countries |
| title_auth | The dynamics of social expenditures over the cycle A comparison across OECD countries |
| title_exact_search | The dynamics of social expenditures over the cycle A comparison across OECD countries |
| title_full | The dynamics of social expenditures over the cycle A comparison across OECD countries Anna Cristina, D'Addio |
| title_fullStr | The dynamics of social expenditures over the cycle A comparison across OECD countries Anna Cristina, D'Addio |
| title_full_unstemmed | The dynamics of social expenditures over the cycle A comparison across OECD countries Anna Cristina, D'Addio |
| title_short | The dynamics of social expenditures over the cycle |
| title_sort | dynamics of social expenditures over the cycle a comparison across oecd countries |
| title_sub | A comparison across OECD countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/eco_studies-2015-5jrs63lpkmxr |
| work_keys_str_mv | AT daddioannacristina thedynamicsofsocialexpendituresoverthecycleacomparisonacrossoecdcountries AT daddioannacristina dynamicsofsocialexpendituresoverthecycleacomparisonacrossoecdcountries |