Stabilization Effects of Social Spending: Empirical Evidence from a Panel of OECD Countries Overcoming the Financial Crisis in the United States
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The aim of this paper is to assess the ability of social spending to smooth output shocks and to provide
stabilization. The results show that overall social spending is able to smooth about 16 percent of a shock to
GDP. Among its subcategories, social spending devoted to Old Age and Unemployment are those that
contribute more to provide smoothing....
