2021
DOI: 10.1080/1331677x.2020.1865828
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Financial resource of public social security expenditure, the rule of law, and economic inequality: international comparison of legal origins

Abstract: 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… Show more

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Cited by 10 publications
(3 citation statements)
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“…The second stage focused on the negative impact of inequality on growth, with studies showing mixed results, either suggesting that it hinders growth [14] or promotes growth [20]. Using panel data, some recent studies have found evidence of a negative relationship between inequality and economic growth [15,18,28,29], while others have found evidence of a positive relationship [30].…”
Section: The Relationship Between Inequality and Economic Growthmentioning
confidence: 99%
“…The second stage focused on the negative impact of inequality on growth, with studies showing mixed results, either suggesting that it hinders growth [14] or promotes growth [20]. Using panel data, some recent studies have found evidence of a negative relationship between inequality and economic growth [15,18,28,29], while others have found evidence of a positive relationship [30].…”
Section: The Relationship Between Inequality and Economic Growthmentioning
confidence: 99%
“…In contrast to members of the Organization for Economic Co-operation and Development (OECD), state expenditures for maternity leave are relatively high (Stewart & Carmen Huerta, 2006) so that leave funding is done through social security schemes. This is inseparable from the tendency of developed countries as welfare countries to expand their social security system and coverage (Tomita & Kimura, 2021) with large expenditures of Gross Domestic Product (GDP) for social protection (OECD, 2020b).…”
Section: Financing Scheme Of Maternity Leavementioning
confidence: 99%
“…Social security originated with the Social Security Act of the United States in 1935 [10]. Every country which has established a social security system has done so in the form of legislation, which means that the social security system is the responsibility of the government [11]. Social security is a public product, with positive externalities, and is an important basis for establishing political identity and legitimacy, which means that it should meet people's survival and development needs.…”
Section: Social Security Expenditurementioning
confidence: 99%