Designing Anti-Cyclical Social Policies in Times of Economic Crisis

Răzvan Vintilescu Belciug ()
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Răzvan Vintilescu Belciug: The Bucharest University of Economic Studies, Romania

Ovidius University Annals, Economic Sciences Series, 2022, vol. XXII, issue 2, 471-477

Abstract: In the study author used data from the period of epidemiological crisis. The subject of the study is analysis of economic indicators specific to social assistance and the labour market. The study sought to identify how the effect of a crisis propagates in the evolution of gross domestic product, unemployment and social assistance. Author used statistical analyses in the study that looked at indicators specific to different markets (monetary, goods and services, labour). Regression analysis highlighted the higher volatility of the labour market compared to social assistance. This was explained by the fact that inclusion in the class of welfare recipients initially follows a process of self-labelling and the influence of subjective elements (cognitive dissonance phenomenon, the rack effect). The study also reveals the existence of a residual value of the number of poverty benefit recipients independent of the number of unemployed.

Keywords: social assistance; economic growth; economic crisis; macroeconomics (search for similar items in EconPapers)
JEL-codes: F62 H53 I18 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:471-477

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