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Title: Socio-economic Determinants of Social Spending in the EU
Authors: Tashevska, Biljana 
Trpkova nestorovska, Marija 
Trenovski, Borche 
Keywords: public debt, social expenditures, EU countries
Issue Date: Jun-2019
Publisher: Center for Economic Analyses
Source: Tashevska, B., Trpkova-Nestorovska, M. and Trenovski, B. (2019) "Socio-economic determinants of social spending in the EU", CEA Journal of Economics, Volume 14, Issue 4, стр. 35 – 48
Journal: CEA Journal of Economics
Abstract: The rise in social spending during the last century brought about a significant increase in the total government expenditures and according to many studies, also contributed to the rising public debt. The intent of social spending is reducing and alleviating inequality and poverty and enhancing social cohesion. Empirical evidence shows that countries that make greater efforts in social spending manage to reduce income inequality. However, it should not be on the account of endangering sustainability In this paper we examine whether certain socioeconomic variables influence the level of social expenditure in the EU countries in the last two decades. More specifically, we try to tackle the following questions: Do governments reduce social spending when debt rises, in order to avoid fiscal unsustainability? Do countries spend more on welfare in times of an economic downturn, i.e. is social expenditure counter-cyclical? Do countries with larger income inequality also have higher social expenditures aimed at reducing the larger gap?
Appears in Collections:Faculty of Economics 03: Journal Articles / Статии во научни списанија

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