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Is Social Protection a Luxury Good?

The claim that social protection is a luxury good—with a national income elasticity exceeding unity—has been influential. The paper tests the “luxury good hypothesis” using newly-assembled data on social protection spending across countries since 1995, treating the pandemic period separately, as it entailed a large expansion in social protection efforts.

date:  26/10/2022

Keywords: social protection, social inclusion, spending

Publisher: The World Bank - Policy Research Working Paper no. 10174
Publication date: Sep 2022
Language: EN

Read the publication in EN