Fiscal rules and composition bias in OECD countries

Arbeitspapier

Using a sample of OECD countries, this paper finds that while fiscal rules succeeded in reducing total government expenditures and budget deficits in the medium term, they significantly affected the composition of government expenditure: the ratio of social transfers to government consumption declined. In contrast, we do not find a stable effect of fiscal rules on public investment. It is shown that the compositional shift against social transfers is beyond 'from welfare to work' policies, which have been adopted by many OECD countries during the nineties. Our empirical examination reveals that the reduction of social transfers relative to government consumption did not occur in countries with strong legal protection to social rights.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CESifo Working Paper ; No. 3088

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Public Economics: General ; Fiscal Policies and Behavior of Economic Agents: General ; Fiscal Policy
• Thema: fiscal rules ; government deficit ; government expenditure ; expenditures composition ; Finanzpolitik ; Regelgebundene Politik ; Öffentliche Finanzkontrolle ; Öffentliche Ausgaben ; Öffentliche Sozialausgaben ; Öffentliche Investition ; Schätzung

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Dahan, Momi ; Strawczynski, Michel
• Ereignis: Veröffentlichung
• (wer): Center for Economic Studies and ifo Institute (CESifo)
• (wo): Munich
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/39015
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ