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| Chen, Xi. |
| Recent social spending inflation in China has led to its growth rate far exceeding that of income and other consumption. In this paper, we estimate private returns to social spending, such as higher social status and larger social network that serve as certain functions. In almost all specifications we find that gift spending has significant private returns, but the returns are biased towards richer households. Upon comparing different measures of centrality, we also find that social connections are more accurately characterized when weighted by their intensities (values), capturing their role in mobilizing scarce resource in the network. Furthermore, social status and network may change long-term income trajectory and the resulted consumption. However,... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Social network; Social status; Private return; Social spending; Consumption; Consumer/Household Economics. |
| Ano: 2011 |
URL: http://purl.umn.edu/98874 |
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| Ravallion, Martin. |
| Macroeconomic adjustment programs often emphasize the need to protect social spending from cuts, and to protect pro-poor spending in particular. But does this happen in practice during fiscal contractions? The paper presents evidence for Argentina. Using aggregate time series data the paper first finds that social spending was not protected historically, although more "pro-poor" social spending was no more vulnerable. Turning next to new data for an externally-financed workfare scheme introduced in response to a macro crisis, the paper finds that this program was far better targeted than other social spending. However, it appears that the program still had to assure that a small but relatively well-protected share of its benefits went to the non-poor. This... |
| Tipo: Journal Article |
Palavras-chave: Fiscal incidence; Social spending; Budget cuts; Argentina; Food Security and Poverty; Public Economics; E62; H22; I38. |
| Ano: 2002 |
URL: http://purl.umn.edu/44429 |
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