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Publicação
Social dominance
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Autores
Orientador(es)
Resumo(s)
Based on the observation of an unabated trend towards higher social spending ratios in advanced
countries, the study analyzes the risk of “social dominance”, where social expenditures dominate
fiscal policy, and undermine growth and fiscal sustainability. We scrutinize this risk by analyzing
drivers of social expenditures and their interaction with other fiscal variables. Results show, that
social expenditure expansion is largely ageing driven, it crowds out other primary expenditures and
there is evidence of unsustainability. These findings and the accelerating trend of population ageing
and particularly high political costs to reforming social expenditure suggest significant and rising risks
of “social dominance”.
Descrição
Palavras-chave
fiscal policy social expenditure political economy crowding out fiscal sustainability
Contexto Educativo
Citação
Schuknecht, Ludger e Holger Zemanek (2018). "Social dominance". Instituto Superior de Economia e Gestão – REM Working paper nº 030 - 2018
Editora
ISEG - REM - Research in Economics and Mathematics