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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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2003/09/2516827/social-sector-expenditures-rainy-day-funds http://hdl.handle.net/10986/18112 |
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okr-10986-181122021-04-23T14:03:41Z Social Sector Expenditures and Rainy-Day Funds Gonzalez, Christian Y. Paqueo, Vicente B. APPROPRIATIONS BALANCED BUDGETS BANKING SYSTEM BUDGETARY INSTITUTIONS BUSINESS CYCLES CASH ASSISTANCE CASH FLOW CORPORATE GOVERNANCE CORRUPTION COST FUNCTIONS CREDIT RATING DEFICITS DISCLOSURE DISCRIMINATION ECONOMIC ANALYSIS ECONOMIC CONSEQUENCES ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC SHOCKS EMPLOYMENT EXPENDITURE FISCAL FISCAL CRISES FISCAL CRISIS FISCAL DISCIPLINE FISCAL STRESS FOREIGN DIRECT INVESTMENT GOVERNMENT SAVINGS HOUSING INCOME INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL INVESTORS INSURANCE LABOR UNIONS LEGISLATURE LEGISLATURES LOCAL GOVERNMENTS OIL POLICY INSTRUMENTS POLITICAL ECONOMY POLITICIANS PUBLIC BUDGETING PUBLIC OFFERINGS PUBLIC SPENDING RATING AGENCIES REVENUE AVAILABILITY REVENUE GROWTH REVENUE SOURCES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SOCIAL PROTECTION SOCIAL SAFETY SOCIAL SAFETY NET SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL WELFARE STATE BUDGET STATE FISCAL POLICY STATE GOVERNMENT TAX TAX REVENUE WORKING CAPITAL FUNDS SOCIAL SECTOR EXPENDITURES BUDGET SYSTEMS ECONOMIC GROWTH SOCIAL WELFARE RISK MANAGEMENT ECONOMIC SHOCKS SOCIAL PROTECTION SYSTEMS SOCIAL SERVICES HOUSEHOLDS WORKING CAPITAL 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 find that rainy-day funds are ineffective in reducing the volatility of nonsocial sector expenditures but are effective in reducing the volatility of social sector expenditures. The authors also find that states that have stringent deposit and withdrawal rules have higher rainy-day fund balances, and thus are more effective in reducing the volatility of social sector expenditures. Finally, for long-term effectiveness, stabilization funds depend obviously on sustained economic growth. 2014-04-30T19:00:29Z 2014-04-30T19:00:29Z 2003-09 http://documents.worldbank.org/curated/en/2003/09/2516827/social-sector-expenditures-rainy-day-funds http://hdl.handle.net/10986/18112 English en_US Policy Research Working Paper;No. 3131 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
APPROPRIATIONS BALANCED BUDGETS BANKING SYSTEM BUDGETARY INSTITUTIONS BUSINESS CYCLES CASH ASSISTANCE CASH FLOW CORPORATE GOVERNANCE CORRUPTION COST FUNCTIONS CREDIT RATING DEFICITS DISCLOSURE DISCRIMINATION ECONOMIC ANALYSIS ECONOMIC CONSEQUENCES ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC SHOCKS EMPLOYMENT EXPENDITURE FISCAL FISCAL CRISES FISCAL CRISIS FISCAL DISCIPLINE FISCAL STRESS FOREIGN DIRECT INVESTMENT GOVERNMENT SAVINGS HOUSING INCOME INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL INVESTORS INSURANCE LABOR UNIONS LEGISLATURE LEGISLATURES LOCAL GOVERNMENTS OIL POLICY INSTRUMENTS POLITICAL ECONOMY POLITICIANS PUBLIC BUDGETING PUBLIC OFFERINGS PUBLIC SPENDING RATING AGENCIES REVENUE AVAILABILITY REVENUE GROWTH REVENUE SOURCES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SOCIAL PROTECTION SOCIAL SAFETY SOCIAL SAFETY NET SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL WELFARE STATE BUDGET STATE FISCAL POLICY STATE GOVERNMENT TAX TAX REVENUE WORKING CAPITAL FUNDS SOCIAL SECTOR EXPENDITURES BUDGET SYSTEMS ECONOMIC GROWTH SOCIAL WELFARE RISK MANAGEMENT ECONOMIC SHOCKS SOCIAL PROTECTION SYSTEMS SOCIAL SERVICES HOUSEHOLDS WORKING CAPITAL FUNDS |
| spellingShingle |
APPROPRIATIONS BALANCED BUDGETS BANKING SYSTEM BUDGETARY INSTITUTIONS BUSINESS CYCLES CASH ASSISTANCE CASH FLOW CORPORATE GOVERNANCE CORRUPTION COST FUNCTIONS CREDIT RATING DEFICITS DISCLOSURE DISCRIMINATION ECONOMIC ANALYSIS ECONOMIC CONSEQUENCES ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC SHOCKS EMPLOYMENT EXPENDITURE FISCAL FISCAL CRISES FISCAL CRISIS FISCAL DISCIPLINE FISCAL STRESS FOREIGN DIRECT INVESTMENT GOVERNMENT SAVINGS HOUSING INCOME INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL INVESTORS INSURANCE LABOR UNIONS LEGISLATURE LEGISLATURES LOCAL GOVERNMENTS OIL POLICY INSTRUMENTS POLITICAL ECONOMY POLITICIANS PUBLIC BUDGETING PUBLIC OFFERINGS PUBLIC SPENDING RATING AGENCIES REVENUE AVAILABILITY REVENUE GROWTH REVENUE SOURCES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SOCIAL PROTECTION SOCIAL SAFETY SOCIAL SAFETY NET SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL WELFARE STATE BUDGET STATE FISCAL POLICY STATE GOVERNMENT TAX TAX REVENUE WORKING CAPITAL FUNDS SOCIAL SECTOR EXPENDITURES BUDGET SYSTEMS ECONOMIC GROWTH SOCIAL WELFARE RISK MANAGEMENT ECONOMIC SHOCKS SOCIAL PROTECTION SYSTEMS SOCIAL SERVICES HOUSEHOLDS WORKING CAPITAL FUNDS Gonzalez, Christian Y. Paqueo, Vicente B. Social Sector Expenditures and Rainy-Day Funds |
| relation |
Policy Research Working Paper;No. 3131 |
| description |
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 find that
rainy-day funds are ineffective in reducing the volatility
of nonsocial sector expenditures but are effective in
reducing the volatility of social sector expenditures. The
authors also find that states that have stringent deposit
and withdrawal rules have higher rainy-day fund balances,
and thus are more effective in reducing the volatility of
social sector expenditures. Finally, for long-term
effectiveness, stabilization funds depend obviously on
sustained economic growth. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Gonzalez, Christian Y. Paqueo, Vicente B. |
| author_facet |
Gonzalez, Christian Y. Paqueo, Vicente B. |
| author_sort |
Gonzalez, Christian Y. |
| title |
Social Sector Expenditures and Rainy-Day Funds |
| title_short |
Social Sector Expenditures and Rainy-Day Funds |
| title_full |
Social Sector Expenditures and Rainy-Day Funds |
| title_fullStr |
Social Sector Expenditures and Rainy-Day Funds |
| title_full_unstemmed |
Social Sector Expenditures and Rainy-Day Funds |
| title_sort |
social sector expenditures and rainy-day funds |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2003/09/2516827/social-sector-expenditures-rainy-day-funds http://hdl.handle.net/10986/18112 |
| _version_ |
1764438878889967616 |