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Public Social Spending

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Social support to individuals and households in need is provided by a range of people and institutions (relatives and friends, public and private entities) through a variety of means. In developed market economies, much of this support takes the form of social expenditures, which comprises both financial support (through cash benefits and tax advantages) and "in‐kind" provision of goods and services. To be included in social spending, benefits have to address one or more contingencies, such as low income, old age, unemployment and disability. Programmes regulating the provision of social benefits involve either redistribution of resources across households or compulsory participation.
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Document Type: Review Article

Publication date: 2007-02-01

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