Social Spending and Demographics: The Role of Public Policies in the Intergenerational Redistribution of Income: Empirical Evidence from Spain and Catalonia
35 Pages Posted: 30 Jul 2007
Date Written: November 2006
Abstract
The demographic shift underway in Southern Europe requires a revision of some of the fundamental principles of the traditional welfare state. We analyze the evolution of several aspects of welfare and social expenditure over the last two decades. We find that in the context of the present demographic changes and real estate boom current social and pension policy leads to a new distribution of benefits and burdens which is highly intergenerationally unequal. We argue for a revised definition of public policy based on Musgrave's proposition as a possible rule for an intergenerationally fair distribution.
Note: Downloadable Document is in Spanish.
Keywords: Elderly, young, Musgrave, intergenerational equity, pensions, social expenditure, life cycle, income distribution, welfare state
JEL Classification: I32, I38, J14, H53, H55
Suggested Citation: Suggested Citation
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