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Effectiveness and Equity in Social Spending - The Case of Spain

Author: Svetlana Vtyurina

Publisher: International Monetary Fund

Published: 2020-01-30

Total Pages: 27

ISBN-13: 1513526006

Spain is experiencing sustained economic and social disparities in several areas. Social spending policies have a heightened responsibility to respond but are challenged by high public debt and pressures from an aging society. This study takes stock of the level and effectiveness of public social expenditure from a cross-country and macroeconomic view, complementing recent targeted spending reviews. The results suggest that social protection spending should aim to improve redistribution through better targeting the most vulnerable while more effective education and active labor market policies should aim to create more equal opportunities and income prospects. In some areas more fiscal resources are needed. But social spending alone cannot reduce inequality, and efforts also should be directed toward making the labor market more inclusive.

Equity and Well-Being

Author: Hyun Hwa Son

Publisher: Routledge

Published: 2013-04-03

Total Pages: 274

ISBN-13: 113657932X

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Equity is an abstract concept covering philosophical issues such as fairness and social justice, making its definition and measurement complex. This volume tackles these complexities head-on. The book is enriched with many empirical analyses and provides a comprehensive analysis of equity ranging from concepts and measurements to empirical illustrations and policy implications. After an extensive discussion on equity in the introduction, this volume begins with a chapter on well-being where the concepts of functioning and capability are discussed. This is followed by a few chapters on what an equitable distribution is and how equity can be measured. The volume then provides a definition and a methodology to measure equitable growth, examining the relationship between growth, inequality, and poverty. It also presents various empirical illustrations and country-specific experiences with three country case studies which assess whether publicly provided health and education services are equitable in developing Asia, examining the extent to which these social services favor the poor as well as the policy challenges to a more equitable delivery of these services. Finally, these country studies provide evidence–based policy recommendations to improve equity in social service delivery in developing countries. Achieving social equity has long been an important policy goal. There are relatively few studies on equity. This book aims to help fill this gap with an in-depth analysis of the issues associated with equity, covering its concept, measurement, and policy practices and implications.

Spain and Its Achilles' Heels

Author: Koldo Casla

Publisher: Rowman & Littlefield

Published: 2021-11-11

Total Pages: 219

ISBN-13: 1538164590

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Why was Franco exhumed from the Valley of the Fallen in late 2019? How is it that he was there in the first place? Why did Catalonia erupt suddenly in October 2017? Why don’t you hear so much about the Basque Country anymore? How did Podemos gather momentum so quickly in 2014-15, and why did half of that support vanish five years later? Isn’t it counterintuitive that a Catholic-majority country also has the most LGBT-friendly society in the world? Understanding the most significant events in recent Spanish politics requires spelling out the unspoken but enduring foundations of the country’s deepest fears and weaknesses, its Achilles' heels. In Greek mythology, an Achilles' heel is a vulnerability that can lead to downfall despite the apparent general strength of the full body. Casla uses this term to define the underlying factors that, while by no means unique, are characteristic of a particular society, delimit what is possible and shape the political debate. They are the primary political frailties without which a country’s politics cannot be properly comprehended.

Closing the Gap in a Generation

Author: WHO Commission on Social Determinants of Health

Publisher: World Health Organization

Published: 2008

Total Pages: 257

ISBN-13: 9241563702

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Social justice is a matter of life and death. It affects the way people live, their consequent chance of illness, and their risk of premature death. We watch in wonder as life expectancy and good health continue to increase in parts of the world and in alarm as they fail to improve in others.

Better Spending for Better Lives

Author: Alejandro Izquierdo

Publisher:

Published: 2018-08-31

Total Pages:

ISBN-13: 9781597823302

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States in the Developing World

Author: Miguel A. Centeno

Publisher: Cambridge University Press

Published: 2017-02-27

Total Pages: 493

ISBN-13: 1107158494

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An exploration of how states address the often conflicting challenges of development, order, and inclusion.

Redistribution, Inequality, and Growth

Author: Mr.Jonathan David Ostry

Publisher: International Monetary Fund

Published: 2014-02-17

Total Pages: 30

ISBN-13: 1484397657

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The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund’s mandate is providing advice that will enable members’ economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called “leaky bucket” hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore—as Okun and others have—that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion.

Expansionary Austerity New International Evidence

Author: Mr.Daniel Leigh

Publisher: International Monetary Fund

Published: 2011-07-01

Total Pages: 41

ISBN-13: 1455294691

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This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.

For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation

Author: Mr. Andrew Berg

Publisher: International Monetary Fund

Published: 2021-07-16

Total Pages: 44

ISBN-13: 1513592963

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Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of production, a trend that may be further aggravated by the COVID-19 crisis. Yet automation is also expected to raise productivity and output. How can we share the gains from automation more widely, for the benefit of all? And what are the attendant equity-efficiency trade-offs? We analyze this issue by considering the effects of fiscal policies that seek to redistribute the gains from automation and address income inequality. We use a dynamic general equilibrium model with monopolistic competition, including a novel specification linking corporate power to automation. While fiscal policy cannot eliminate the classic equity-efficiency trade-offs, it can help improve them, reducing inequality at small or no loss of output. This is particularly so when policy takes advantage of novel, less distortive transmission channels of fiscal policy created by the empirically observed link between corporate market power and automation.

Evolving Family Models in Spain A New National Framework for Improved Support and Protection for Families

Author: OECD

Publisher: OECD Publishing

Published: 2022-02-03

Total Pages: 201

ISBN-13: 9264837795

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Spanish society values families and family life highly, but the way that families look and live has been changing drastically over the past decades. From being one of the countries with the highest fertility rates in Europe, Spain now has the lowest rate in the region and the legalisation of divorce and social acceptance of co-habitation has led to a decline in the traditional nuclear family model.