The Social Protection Engel Curve

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Tác giả: Michael Lokshin

Ngôn ngữ: eng

Ký hiệu phân loại: 368.4 Government-sponsored insurance

Thông tin xuất bản: Published by Oxford University Press on behalf of the World Bank, 2024

Mô tả vật lý:

Bộ sưu tập: Tài liệu truy cập mở

ID: 300736

Why do richer countries spend a higher share of their income on social protection than poor countries A newly assembled dataset on social protection spending for 142 countries since 1995 allows an exploration of alternate hypotheses, 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 spending is similar between rich and poor countries. This was also true during the pandemic.
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