Social Spending and Income Redistribution in Argentina During the 2000s: the Rising Role of Noncontributory Pensions
Between 2003 and 2009, Argentina's social spending as a share of GDP increased by 7.6 percentage points. Marginal benefit incidence analysis for 2003, 2006, and 2009 suggests that the contribution of cash transfers to the reduction of disposable income inequality and poverty rose markedly between 2006 and 2009 primarily due to the launching of a noncontributory pension program – the pension moratorium – in 2004. Noncontributory pensions as a share of GDP rose by 2.2 percentage points between 2003 and 2009 and entailed a redistribution of income to the poor, and from the formal sector pensioners with above minimum pensions to the beneficiaries of the pension moratorium. The redistributive impact of the expansion of public spending on education and health was also sizable and equalizing, but to a lesser degree. An assessment of fiscal funding sources puts the sustainability of the redistributive policies into question, unless nonsocial spending is significantly cut.
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| Length: | 31 pages |
| Date of creation: | Nov 2012 |
| Handle: | RePEc:tul:wpaper:1221 |
| Contact details of provider: | Postal: 206 Tilton Hall, New Orleans, LA 70118 Phone: (504) 865-5321 Fax: (504) 865-5869 Web page: http://econ.tulane.edu More information through EDIRC
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Emanuela Galasso & Martin Ravallion, 2004.
"Social Protection in a Crisis: Argentina's Plan Jefes y Jefas,"
World Bank Economic Review,
World Bank Group, vol. 18(3), pages 367-399.
- Galasso, Emanuela & Ravallion, Martin, 2003. "Social protection in a crisis - Argentina's Plan Jefes y Jefas," Policy Research Working Paper Series 3165, The World Bank.
- Fiszbein, Ariel & Adúriz, Isidro & Giovagnoli, Paula Inés, 2003. "El impacto de la crisis argentina en el bienestar de los hogares," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
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