Social protection, poverty and consumption

James Midgley

Chapter 3 in Social Protection and Development, 2026, pp 58-79 from Edward Elgar Publishing

Abstract: This chapter points out that social protection makes a vital contribution to economic development by raising incomes and stimulating consumption. Consumption is essential for economic growth but requires consumers to have sufficient resources to purchase the goods and services produced by the economy. Poverty limits consumption and harms the economy, but income transfers provided through social protection increase consumption among social protection's recipients, especially low-income families. The concept of poverty and its incidence are examined, and research into the issue is reviewed. Social protection's role in reducing poverty and stimulating demand with positive consequences for development is discussed.

Keywords: Development; Economic growth; Consumption; Poverty; Incomes; Social protection (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035308187
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