2026-06-29T02:42:09Zhttps://docta.ucm.es/rest/oai/request

oai:docta.ucm.es:20.500.14352/45372023-11-07T18:31:21Zcom_20.500.14352_14col_20.500.14352_15

Universal Social Pensions Are Unaffordable … Not! Testing the Unaffordability Hypothesis in Latin America and the Caribbean Cruz Martínez, Gibrán Alberto Pensions Social assistance Social insurance Social policy Social protection Targeting Welfare state Estadísticas e indicadores sociales Tercera edad 1209 Estadística 6108.03 Senectud 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. Ministerio de Economía y Competitividad (MINECO) Depto. de Ciencia Política y de la Administración Fac. de Ciencias Políticas y Sociología TRUE pub 2023-06-16T14:17:22Z 2023-06-16T14:17:22Z 2021-11-16 journal article https://hdl.handle.net/20.500.14352/4537 0803-9410 10.1080/08039410.2021.1998212 spa FJCI-2016-29871, GOWPER-CSO2017-85598 Atribución-NoComercial-SinDerivadas 3.0 España https://creativecommons.org/licenses/by-nc-nd/3.0/es/ open access application/pdf Routledge