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Las prioridades sociales de gasto en obra social de las cajas de ahorro: estimación a partir de la aplicación de un “juego presupuestario”

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Author Info

  • Alejandro Esteller Moré

    ()
    (Universidad de Barcelona)

  • Jonathan Jorba Giménez

    ()
    (Universidad de Barcelona)

  • Albert Solé Ollé

    ()
    (Universidad de Barcelona)

Abstract

How would you allocate an additional amount of 100 million among different welfare projects (WP)? Basically, this is the question that by means of a personal survey structured as a budget game has been asked to a sample of 519 people around all the Spanish territory in order to infer their expenditure priorities. The Welfare Projects (in Spanish, “Obra Social”) is the main distinctive feature of the Spanish savings banks with respect to the rest of financial entities. That is why, it is so important analyzing to what extent the expenditure carried out by those entities in WP matches social preferences. First of all, from the results of the survey we infer a very intense demand for all those expenditure categories within the area so-called “social and health assistance”, followed by those related with “research and education”. Regarding this, by means of a simple econometric analysis, we have been able to show that the savings banks have internalized that social demand and so adjust their expenditure policy at the same speed that the citizenship demands. Second, the database obtained from the survey has permitted us carrying out a regression analysis in order to determine the patterns of social demand with respect to the WP. The results of the analysis show that variables like being customer of a savings bank, age, education level, income or the geographical area of residence have a significant impact on the socialpreferences expressed by the surveyed population.

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Bibliographic Info

Article provided by IEF in its journal Hacienda Pública Española/Revista de Economía Pública.

Volume (Year): 191 (2009)
Issue (Month): 4 (December)
Pages: 43-72

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Handle: RePEc:hpe:journl:y:2009:v:191:i:4:p:43-72

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Related research

Keywords: Welfare Projects; Social Preferences; Contingent Choice; Public Goods;

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References

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  1. Riera, Pere & Mogas, Joan, 2004. "Evaluation of a risk reduction in forest fires in a Mediterranean region," Forest Policy and Economics, Elsevier, vol. 6(6), pages 521-528, October.
  2. Eric Thompson & Mark Berger & Glenn Blomquist & Steven Allen, 2002. "Valuing the Arts: A Contingent Valuation Approach," Journal of Cultural Economics, Springer, vol. 26(2), pages 87-113, May.
  3. Richard Carson & Robert Mitchell & Michael Hanemann & Raymond Kopp & Stanley Presser & Paul Ruud, 2003. "Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 25(3), pages 257-286, July.
  4. Edward Morey & Kathleen Greer Rossmann, 2003. "Using Stated-Preference Questions to Investigate Variations in Willingness to Pay for Preserving Marble Monuments: Classic Heterogeneity, Random Parameters, and Mixture Models," Journal of Cultural Economics, Springer, vol. 27(3), pages 215-229, November.
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