Paper #983

Títol:

Social spending and demographics: The role of public policies in the intergenerational redistribution of income. Empirical evidence from Spain and Catalonia

Autors:

Guillem López i Ana Mosterin

Data:

Novembre 2006

Resum:

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.

Paraules clau:

Elderly, young, Musgrave, intergenerational equity, pensions, social expenditure, life cycle, income distribution, welfare state

Codis JEL:

I32, I38, J14, H53, H55

Àrea de Recerca:

Economia Laboral, Pública, de Desenvolupament i de la Salut

Número sèrie CRES:

49

Publicat a:

Nota d'Economia n. 86, forthcoming

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