Is Social Protection a Luxury Good?

The claim that social protection is a luxury good—with a national income elasticity exceeding unity—has been influential. The paper tests the “luxury good hypothesis” using newly-assembled data on social protection spending across countries since 1...

Full description

Bibliographic Details
Main Authors:	Lokshin, Michael, Ravallion, Martin, Torre, Iván
Format:	Working Paper
Language:	English English
Published:	World Bank, Washington, DC 2022
Subjects:	ENGEL CURVE PANDEMIC GOVERNANCE DISTRIBUTION SELECTIVE DATA REPORTING SOCIAL PROTECTION SOCIAL PROTECTION EXPENDITURE ICT SUPPORT TO SOCIAL PROTECTIONS
Online Access:	http://documents.worldbank.org/curated/en/099742509132261027/IDU0b41d2c00053a104e480a7fc0687ec7afed54 http://hdl.handle.net/10986/38010

id	okr-10986-38010
recordtype	oai_dc
spelling	okr-10986-380102022-09-15T05:10:48Z Is Social Protection a Luxury Good? Lokshin, Michael Ravallion, Martin Torre, Iván ENGEL CURVE PANDEMIC GOVERNANCE DISTRIBUTION SELECTIVE DATA REPORTING SOCIAL PROTECTION SOCIAL PROTECTION EXPENDITURE ICT SUPPORT TO SOCIAL PROTECTIONS The claim that social protection is a luxury good—with a national income elasticity exceeding unity—has been influential. The paper tests the “luxury good hypothesis” using newly-assembled data on social protection spending across countries since 1995, treating the pandemic period separately, as it entailed a large expansion in social protection efforts. While the mean income share devoted to social protection rises with income, this is attributable to multiple confounders, including relative prices, weak governance in low-income countries and access to information-communication technologies. Controlling for these, social protection is not a luxury good. This was also true during the pandemic. 2022-09-14T17:35:49Z 2022-09-14T17:35:49Z 2022-09 Working Paper http://documents.worldbank.org/curated/en/099742509132261027/IDU0b41d2c00053a104e480a7fc0687ec7afed54 http://hdl.handle.net/10986/38010 English en Policy Research Working Papers;10174 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English English
topic	ENGEL CURVE PANDEMIC GOVERNANCE DISTRIBUTION SELECTIVE DATA REPORTING SOCIAL PROTECTION SOCIAL PROTECTION EXPENDITURE ICT SUPPORT TO SOCIAL PROTECTIONS
spellingShingle	ENGEL CURVE PANDEMIC GOVERNANCE DISTRIBUTION SELECTIVE DATA REPORTING SOCIAL PROTECTION SOCIAL PROTECTION EXPENDITURE ICT SUPPORT TO SOCIAL PROTECTIONS Lokshin, Michael Ravallion, Martin Torre, Iván Is Social Protection a Luxury Good?
relation	Policy Research Working Papers;10174
description	The claim that social protection is a luxury good—with a national income elasticity exceeding unity—has been influential. The paper tests the “luxury good hypothesis” using newly-assembled data on social protection spending across countries since 1995, treating the pandemic period separately, as it entailed a large expansion in social protection efforts. While the mean income share devoted to social protection rises with income, this is attributable to multiple confounders, including relative prices, weak governance in low-income countries and access to information-communication technologies. Controlling for these, social protection is not a luxury good. This was also true during the pandemic.
format	Working Paper
author	Lokshin, Michael Ravallion, Martin Torre, Iván
author_facet	Lokshin, Michael Ravallion, Martin Torre, Iván
author_sort	Lokshin, Michael
title	Is Social Protection a Luxury Good?
title_short	Is Social Protection a Luxury Good?
title_full	Is Social Protection a Luxury Good?
title_fullStr	Is Social Protection a Luxury Good?
title_full_unstemmed	Is Social Protection a Luxury Good?
title_sort	is social protection a luxury good?
publisher	World Bank, Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/099742509132261027/IDU0b41d2c00053a104e480a7fc0687ec7afed54 http://hdl.handle.net/10986/38010
_version_	1764488307375341568

Is Social Protection a Luxury Good?

Similar Items