The cyclicality of education, health, and social security government spending

Antonio Afonso and Joao Jalles

No 2012/30, Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa

Abstract: We use a panel of developed and emerging countries for the period 1970-2008 to assess the cyclicality of education, health, and social security government spending. We mostly find acyclical behaviour, but evidence also points to counter-cyclicality for social security spending, particularly in OECD countries, consistent with the operation of automatic stabilizers. JEL Classification: C23, E62, H50.

Keywords: business cycle; output gap; functional spending; panel analysis. (search for similar items in EconPapers)
Date: 2012-09
New Economics Papers: this item is included in nep-hea and nep-mac
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Citations: View citations in EconPapers (2)

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Journal Article: The cyclicality of education, health, and social security government spending (2013)
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