Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/84288
Authors: 
Lustig, Nora
Pessino, Carola
Year of Publication: 
2012
Series/Report no.: 
Serie Documentos de Trabajo, Universidad del CEMA: Área: economía 499
Abstract: 
Between 2003 and 2009, Argentina's social spending as a share of GDP increased by 7.6 percentage points. Marginal benefit incidence analysis for 2003, 2006, and 2009 suggests that the contribution of cash transfers to the reduction of disposable income inequality and poverty rose markedly between 2006 and 2009 primarily due to the launching of a noncontributory pension program - the pension moratorium - in 2004. Noncontributory pensions as a share of GDP rose by 2.2 percentage points between 2003 and 2009 and entailed a redistribution of income to the poor, and from the formal sector pensioners with above minimum pensions to the beneficiaries of the pension moratorium. The redistributive impact of the expansion of public spending on education and health was also sizeable and equalizing, but to a lesser degree. An assessment of fiscal funding sources puts the sustainability of the redistributive policies into question, unless nonsocial spending is significantly cut.
Subjects: 
social spending
benefit incidence
inequality
poverty
Argentina
JEL: 
D31
H22
I38
Document Type: 
Working Paper

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