IDEAS home Printed from https://ideas.repec.org/a/eee/ecanpo/v88y2025icp705-719.html

Social security and economic resilience - A new structural economics perspective

Author

Listed:
  • Liou, Jennhae
  • Jiao, Zeyan
  • Wei, Kongde
  • Peng, Yinghao

Abstract

From the perspective of new structural economics, we explore the relationship between social security and economic resilience. Theoretical analysis reveals that, constrained by factor endowments and their structure, social security expenditures exert directionally heterogeneous impacts on economic resilience across different stages of economic development. Empirical findings indicate that, during the sample period, social security expenditures are detrimental to the improvement of economic resilience. Heterogeneity analysis shows that the positive effect of social security expenditures on economic resilience in eastern regions is stronger than in central and western regions. Furthermore, as the level of economic development rises, the impact of social security expenditures on economic resilience presents a positive U-shaped curvilinear relationship. Results of the threshold effect analysis demonstrate that when per capita GDP reaches 32,431.33 yuan, the impact of social security expenditures on economic resilience shifts from negative to positive. Finally, further research reveals that deviations from the optimal level of social security expenditures exert a significantly negative impact on economic resilience.

Suggested Citation

  • Liou, Jennhae & Jiao, Zeyan & Wei, Kongde & Peng, Yinghao, 2025. "Social security and economic resilience - A new structural economics perspective," Economic Analysis and Policy, Elsevier, vol. 88(C), pages 705-719.
    • Handle: RePEc:eee:ecanpo:v:88:y:2025:i:c:p:705-719
    DOI: 10.1016/j.eap.2025.09.026
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0313592625003959
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.eap.2025.09.026?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecanpo:v:88:y:2025:i:c:p:705-719. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/economic-analysis-and-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.