Munich Personal RePEc Archive

When is social protection productivity-enhancing? Costs and benefits on economic performances

Tomassi, Federico (2010): When is social protection productivity-enhancing? Costs and benefits on economic performances.

[img]
Preview
PDF
MPRA_paper_44381.pdf

Download (162kB) | Preview

Abstract

This work aims to contribute to the contingency view of the relationships between social protection and economic performances, by exploring under what conditions social expenditure is productivity-enhancing or not. Well-designed welfare states and fit socio-economic contexts can yield direct and positive relationships between equality and efficiency. Social expenditure plays a twofold role: short-term financial cost notably in traditional economic sectors, and long-term social investment especially in innovative sectors. Some structural variables matters: distance from the world technological frontier, share of productive expenditure, effectiveness of social expenditure, degree of economic and financial globalisation, discount rate of expected future benefits.

Logo of the University Library LMU Munich
MPRA is a RePEc service hosted by
the University Library LMU Munich in Germany.