Social Sector Expenditures and Rainy-Day Funds

Gonzalez and Paqueo examine the effects of budget stabilization funds--often called rainy-day funds--on the volatility of social spending and, for contrast, on nonsocial sector spending. They analyze the rainy-day funds of U.S. states. The authors...

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Bibliographic Details
Main Authors: Gonzalez, Christian Y., Paqueo, Vicente B.
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2003/09/2516827/social-sector-expenditures-rainy-day-funds
http://hdl.handle.net/10986/18112