RT Journal Article
T1 Universal Social Pensions Are Unaffordable … Not! Testing the Unaffordability Hypothesis in Latin America and the Caribbean
A1 Cruz Martínez, Gibrán Alberto
AB Is universal social assistance unaffordable? Targeting social policy has been praised as a magic solution to select the ‘deserving poor’ and efficiently use the scarce resources in the Global South. The article tests the unaffordability hypothesis using five counterfactual analyses based on expenditure redirection (military expenditure, energy subsidies, and the potential illegal/odious external debt servicing) and increasing tax revenues (income and trade tax) in up to thirty-three countries. The article shows the revenue-generating potential of taxes and reprioritising expenditures from unproductive to productive areas to finance – totally or partly- basic universal social pensions in large part of Latin America and the Caribbean; therefore, dispelling the unaffordability myth.
PB Routledge
SN 0803-9410
YR 2021
FD 2021-11-16
LK https://hdl.handle.net/20.500.14352/4537
UL https://hdl.handle.net/20.500.14352/4537
LA spa
NO Ministerio de Economía y Competitividad (MINECO)
DS Docta Complutense
RD 13 abr 2025