Explaining Welfare Spending
Einar Overbye
Public Choice, 1995, vol. 83, issue 3-4, 313-35
Abstract:
Welfare expenditures are difficult to explain within a pure public-choice framework. In this article, the author argues that the difficulties may be resolved by assuming that the main purpose of welfare schemes is to provide the electorate--in their capacity of different risk categories--with insurance against various social risks, rather than to redistribute economic resources towards weak and destitute groups in society. This solution not only explains the scope of existing welfare arrangements but may also hold the key to an explanation as to how public welfare policies change and evolve across time. Copyright 1995 by Kluwer Academic Publishers
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:kap:pubcho:v:83:y:1995:i:3-4:p:313-35
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