TY - BOOK ID - 133885495 TI - Effectiveness and Equity in Social Spending - The Case of Spain PY - 2020 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Macroeconomics KW - Public Finance KW - Fiscal Policy KW - State and Local Government: Health, Education, and Welfare KW - Job, Occupational, and Intergenerational Mobility KW - Promotion KW - Unemployment Insurance KW - Severance Pay KW - Plant Closings KW - Aggregate Factor Income Distribution KW - Labor Economics Policies KW - National Government Expenditures and Related Policies: General KW - Social Security and Public Pensions KW - National Government Expenditures and Welfare Programs KW - Public finance & taxation KW - Labour KW - income economics KW - Pensions KW - Income KW - Active labor market policies KW - Expenditure KW - Pension spending KW - Social protection spending KW - National accounts KW - Expenditures, Public KW - Manpower policy KW - Spain UR - https://www.unicat.be/uniCat?func=search&query=sysid:133885495 AB - Spain is experiencing sustained economic and social disparities in several areas. Social spending policies have a heightened responsibility to respond but are challenged by high public debt and pressures from an aging society. This study takes stock of the level and effectiveness of public social expenditure from a cross-country and macroeconomic view, complementing recent targeted spending reviews. The results suggest that social protection spending should aim to improve redistribution through better targeting the most vulnerable while more effective education and active labor market policies should aim to create more equal opportunities and income prospects. In some areas more fiscal resources are needed. But social spending alone cannot reduce inequality, and efforts also should be directed toward making the labor market more inclusive. ER -