Towards social investment? Patterns of public policy in the OECD world
Towards social investment? Patterns of public policy in the OECD world
This chapter analyses the extent to which the social investment perspective finds its expression in the social expenditure profile of the OECD member states. It traces the development of public social expenditure using disaggregated programme expenditure data in 21 OECD member states from 1980 to 2007. By distinguishing between investment and compensatory social spending, the analysis outlines four worlds of spending profiles. In this way, it draws out the diversity in the approaches pursued in different countries and also considers the extent to which one can observe a convergence in welfare policy.
Keywords: social expenditure, disaggregated programme expenditure, spending priorities, social investment, investment-related expenditure, compensatory social expenditure, welfare policy convergence
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