000			01635nab a2200265 c 4500
999			_c144525 _d144525
003			ES-MaIEF
005			20210824125117.0
007			ta
008			210824t2021 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _cES-MaIEF
100	1		_940381 _aSchuknecht, Ludger
245		0	_aPublic expenditures and the risk of social dominance _c Ludger Schuknecht & Holger Zemanek
260			_c2021
500			_aDisponible también en formato electrónico.
500			_aResumen.
504			_aBibliografía.
520			_aBased on the observation of an unabated trend towards higher social spending-to-GDP ratios in advanced countries, the study analyzes the risk of social dominance, a situation in which social expenditures dominate fiscal policy and undermine economic growth and fiscal sustainability. We examine that risk by analyzing drivers of social expenditures and their interactions with other fiscal variables. The results show that social expenditure growth largely is population ageing driven and crowds out other primary expenditures; we also find evidence of fiscal unsustainability. The findings, along with the accelerating ageing of populations and exceptionally high political costs of reforming social expenditures suggest significant and rising risks of social dominance.
650		4	_948067 _aPOLITICA FISCAL
650		4	_944934 _aGASTOS SOCIALES
650		4	_965441 _aSOSTENIBILIDAD FISCAL
650		4	_948066 _aPOLITICA ECONOMICA
700	1		_969171 _aZemanek, Holger
773	0		_9165472 _oOP 1443/2021/188/1/2 _tPublic Choice _w(IEF)124378 _x 0048-5829 _gv. 188, n. 1-2, July 2021, p. 95-120
942			_cART