Social expenditure composition and inequality: A dynamic panel threshold analysis for OECD countries

IF 2.3 3区 经济学 Q2 ECONOMICS
Pedro Bação, Joshua Duarte, Melissa Pereira, Marta Simoes
{"title":"Social expenditure composition and inequality: A dynamic panel threshold analysis for OECD countries","authors":"Pedro Bação, Joshua Duarte, Melissa Pereira, Marta Simoes","doi":"10.1016/j.ejpoleco.2024.102510","DOIUrl":null,"url":null,"abstract":"This paper studies the relationship between inequality and public social spending for an overall sample of 28 OECD countries spanning 1997 to 2017. We add to the literature by dissecting social expenditure according to nine programs and allowing for the existence of a non-linear relation in the context of a dynamic panel threshold model. The analysis reveals a positive contribution of old-age pensions to the Gini index of disposable income distribution, the most often used indicator of inequality, supporting the need to rethink old-age pension systems in this group of countries. The results for the other social expenditure components vary with the inequality measure used and country groups under analysis, highlighting the problems that may be associated with panel data even when a set of countries with many characteristics in common is used. Our results also stress the relevance of accommodating nonlinearities when explaining inequality, paving the way to a better understanding of its behaviour.","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":2.3000,"publicationDate":"2024-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"European Journal of Political Economy","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1016/j.ejpoleco.2024.102510","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0

Abstract

This paper studies the relationship between inequality and public social spending for an overall sample of 28 OECD countries spanning 1997 to 2017. We add to the literature by dissecting social expenditure according to nine programs and allowing for the existence of a non-linear relation in the context of a dynamic panel threshold model. The analysis reveals a positive contribution of old-age pensions to the Gini index of disposable income distribution, the most often used indicator of inequality, supporting the need to rethink old-age pension systems in this group of countries. The results for the other social expenditure components vary with the inequality measure used and country groups under analysis, highlighting the problems that may be associated with panel data even when a set of countries with many characteristics in common is used. Our results also stress the relevance of accommodating nonlinearities when explaining inequality, paving the way to a better understanding of its behaviour.
社会支出构成与不平等:经合组织国家的动态面板阈值分析
本文以 1997 年至 2017 年期间 28 个经合组织国家为总体样本,研究了不平等与公共社会支出之间的关系。我们根据九个项目对社会支出进行了剖析,并在动态面板阈值模型的背景下考虑了非线性关系的存在,从而为相关文献增添了新的内容。分析表明,养老金对可支配收入分配的基尼系数(最常用的不平等指标)有正向影响,这证明有必要重新思考这组国家的养老金制度。其他社会支出部分的结果因所使用的不平等衡量标准和所分析的国家组而异,这凸显了面板数据可能带来的问题,即使使用的是一组具有许多共同特征的国家。我们的研究结果还强调了在解释不平等现象时考虑非线性因素的相关性,这为更好地理解不平等现象的表现铺平了道路。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
3.40
自引率
10.00%
发文量
106
期刊介绍: The aim of the European Journal of Political Economy is to disseminate original theoretical and empirical research on economic phenomena within a scope that encompasses collective decision making, political behavior, and the role of institutions. Contributions are invited from the international community of researchers. Manuscripts must be published in English. Starting 2008, the European Journal of Political Economy is indexed in the Social Sciences Citation Index published by Thomson Scientific (formerly ISI).
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信