Social protection spending and financial crises

Thanh Cong Nguyen, Vítor Castro and Justine Wood

Finance Research Letters, 2024, vol. 59, issue C

Abstract: This paper assesses the impact of distinct types of financial crises on social protection spending using a panel of 105 countries over the period 1991–2019. The findings show that spending on social protection increases when financial crises strike, mainly in the aftermath of banking crises. However, currency and debt crises are detrimental to spending on social protection, threatening social wellbeing.

Keywords: Social protection spending; Financial crises; Types of financial crises (search for similar items in EconPapers)
JEL-codes: C23 D72 G01 H55 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:59:y:2024:i:c:s154461232301125x

DOI: 10.1016/j.frl.2023.104753

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