Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2020.1865828
Financial resource of public social security expenditure, the rule of law, and economic inequality: international comparison of legal origins
Yosuke Tomita
Akinori Kimura
Sažetak
This study indicates that the strength of the rule of law affects
social security expenditure and its financial resources. However,
legal origins affect the strength of the rule of law. We use data
from 36 member countries of the Organisation for Economic Cooperation and Development. The legal origins affect the rule of
law and have different marginal effects on public financial resources. Further, social security expenditures have a correction effect
on economic inequality. However, the marginal effect of the social
security expenditure on economic inequality differs based on its
legal origins. Increasing social security expenditure affects correcting economic inequality to elaborate concerning all legal origins.
Particularly in countries that adopted French legal origins, high
social security expenditure further improves economic inequality.
In contrast, increases in social security expenditures of countries
with English legal origins do not improve economic inequality to
a large extent. The results of this study suggest that differences in
legal origins result in various types of capitalism.
Ključne riječi
Public financial resource; social security expenditure; rule of law; economic inequality; legal origin
Hrčak ID:
301470
URI
Datum izdavanja:
31.12.2021.
Posjeta: 477 *