Globalization and social spending
Abstract
We provide evidence indicating that countries with well developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the importance of a reverse causality from competitiveness to social spending, and find that this is weak. We also present some possible explanations for our empirical finding. Finally, we interpret our findings in the framework of a theoretical model in which risk affects the size of the social sector and social spending affects the production function of the private sector.Download Info
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Paper provided by Katholieke Universiteit Leuven in its series Open Access publications from Katholieke Universiteit Leuven with number urn:hdl:123456789/100866.Length:
Date of creation: Feb 2005
Date of revision:
Publication status: Published in Pacific economic review (2005-02) v.10, p.105-123
Handle: RePEc:ner:leuven:urn:hdl:123456789/100866
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Web page: http://www.kuleuven.be
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- Jon Olaskoaga-Larrauri & Ricardo Aláez-Aller & Pablo Díaz-de-Basurto, 2010. "Measuring is Believing! Improving Conventional Indicators of Welfare State Development," Social Indicators Research, Springer, vol. 96(1), pages 113-131, March.
- Vesna Stavrevska, 2011. "The efficiency wages perspective to wage rigidity in the open economy: a survey," International Journal of Manpower, Emerald Group Publishing, vol. 32(3), pages 273-299, July.
- Rovelli, Riccardo & Bruno, Randolph Luca, 2007.
"Labor Market Policies and Outcomes: Cross Country Evidence for the EU-27,"
IZA Discussion Papers
3161, Institute for the Study of Labor (IZA).
- R. Rovelli & R. Bruno, 2007. "Labor Market Policies and Outcomes: Cross Country Evidence for the EU-27. ," Working Papers 614, Dipartimento Scienze Economiche, Universita' di Bologna.
- repec:sae:jocore:v:54:y:2010:i:6:p:902-939 is not listed on IDEAS
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