Financial Crises and Social Spending : The Impact of the 2008-2009 Crisis

This paper examines the impacts of the 2008-2009 economic crisis on social spending, drawing on evidence at the global, national, and household levels, to provide a sense of the nature and the effects of the worldwide downturn on spending in the so...

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Bibliographic Details
Main Authors:	Lewis, Maureen, Verhoeven, Marijn
Format:	Other Public Sector Study
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ABILITY TO PAY ADEQUATE NUTRITION ADOLESCENTS AIDS PANDEMIC AIDS PATIENT AIDS RELIEF BABIES BEHAVIOR CHANGE CASH PAYMENTS CASH TRANSFERS CHILD HEALTH CHILD HEALTH SERVICES CHILD MORTALITY CITIZENS COPING STRATEGIES COST EFFECTIVENESS CURRENCY DEVALUATION DEATHS DEBT DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DONOR FUNDING DROUGHT EARLY CHILDHOOD ECONOMIC CRISES ECONOMIC CRISIS ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC PROSPERITY ECONOMIC SHOCKS EDUCATED WOMEN EDUCATION GOALS EMERGENCY PLAN EPIDEMIC ESSENTIAL DRUGS FAMILIES FERTILITY FINANCIAL COMMITMENTS FINANCIAL CRISES FINANCIAL CRISIS FISCAL POLICY FOOD CONSUMPTION GENERIC DRUGS GOVERNMENT SPENDING HEALTH CARE HEALTH CARE DELIVERY HEALTH CARE EXPENDITURES HEALTH CARE SERVICES HEALTH CARE SPENDING HEALTH CARE USE HEALTH ECONOMICS HEALTH EXPENDITURE HEALTH EXPENDITURES HEALTH INSURANCE HEALTH INVESTMENTS HEALTH OUTCOMES HEALTH PROGRAMS HEALTH SERVICES HEALTH SERVICES RESEARCH HEALTH SYSTEM HEIGHT FOR AGE HIV HIV/AIDS HOSPITAL HOSPITAL BEDS HOUSEHOLD CONSUMPTION HOUSEHOLD LEVEL HOUSEHOLD LEVELS HOUSEHOLD SURVEYS HUMAN CAPITAL HUMAN CAPITAL INVESTMENTS HUMAN DEVELOPMENT INCOME INCOME SUPPORT INFANT INFANT MORTALITY INFANT MORTALITY RATE INFANTS INFORMAL SAFETY NETS INSURANCE INTERNATIONAL AID INTERNATIONAL COMMUNITY INVESTMENTS IN EDUCATION LABOR MARKET LOCAL GOVERNMENTS MALARIA MALNUTRITION MIGRANTS MINIMUM WAGE MINISTRY OF EDUCATION MINISTRY OF HEALTH MINORITY MORTALITY NUTRITION OFFICIAL DEVELOPMENT ASSISTANCE OUTPATIENT CARE PANDEMIC PATIENT PATIENTS PHYSICAL DEVELOPMENT POCKET PAYMENTS POCKET SPENDING POLICY DEVELOPMENT POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL ECONOMY POOR POVERTY REDUCTION PREVENTION EFFORTS PREVENTIVE CARE PREVENTIVE HEALTH PREVENTIVE HEALTH CARE PRIVATE SECTOR PRIVATE TRANSFERS PROGRESS PUBLIC PUBLIC EDUCATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC HEALTH PUBLIC HEALTH SPENDING PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SAFETY NETS PUBLIC SECTOR PUBLIC SERVICES PUBLIC SPENDING PUBLIC SUPPORT QUALITY OF HEALTH QUALITY OF HEALTH CARE RECIPIENT COUNTRY REMITTANCES RISING DEMAND RISK GROUPS SAFETY NET SAFETY NETS SAVINGS SCHOOL ATTENDANCE SCHOOL ENROLLMENT SCHOOL ENROLLMENTS SERVICE DELIVERY SHOCK SHORT SUPPLY SOCIAL EXPENDITURES SOCIAL INVESTMENTS SOCIAL MEASURES SOCIAL PROGRAMS SOCIAL SECTOR SOCIAL SECTORS SOCIAL SECURITY SOCIAL SERVICE SOCIAL SERVICES SOCIAL SPENDING STRUCTURAL REFORMS SUPPORT TO FAMILIES TARGETING TEACHER SALARIES TEMPORARY EMPLOYMENT TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSITIONAL ECONOMIES TUBERCULOSIS UNEMPLOYMENT URBAN CENTERS VULNERABILITY VULNERABLE POPULATIONS WAGE BILL WASTE WELFARE OF FAMILIES YOUNG CHILDREN
Online Access:	http://documents.worldbank.org/curated/en/2010/06/16403571/financial-crises-social-spending-impact-2008-2009-crisis http://hdl.handle.net/10986/12965

Description
Summary:	This paper examines the impacts of the 2008-2009 economic crisis on social spending, drawing on evidence at the global, national, and household levels, to provide a sense of the nature and the effects of the worldwide downturn on spending in the social sectors. It summarizes existing empirical evidence on the relationship between crises, or other serious dislocations on education, health, HIV/AIDS, and nutrition as background to the analysis of growth and social spending. The paper analyzes the relationship between GDP growth, growth in education and health spending, and projects expenditure responses to 2012, to illustrate how expected changes in future economic growth are likely to affect both absolute spending and growth in social expenditures. It provides an analysis of the effects on HIV/AIDS spending, a relatively new funding category and therefore outside the purview of the econometric analysis. It examines the responsiveness of Overseas Development Assistance (ODA) to financial crises in terms of subsequent allocations from the developed world, and the impacts on ODA spending for education and health in developing and transition countries. The paper concludes by citing existing evidence on regional impacts of the crisis on public spending, and the effects on household budgets in Eastern Europe and Central Asia, the region hardest hit by the current crisis.

Financial Crises and Social Spending : The Impact of the 2008-2009 Crisis

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