English, Article edition: Continued High Claims on Social Welfare Budgets Georg M. Busch

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Continued High Claims on Social Welfare Budgets
Author
  • Georg M. Busch
Physical Description
  • article
Notes
  • Public expenditure on social welfare exhibit a marked anti-cyclical pattern. Thus, for 1990 a further slowdown in their upward momentum was to be expected. Actually, however, the rate of growth of 7¼ percent was the highest in eight years. The strong rise in unemployment caused a similar jump in benefit payments and demand for early retirement was unabated. Furthermore, family allowances were raised and the annual adjustment of pensions exceeded the traditional index-based mechanism. For 1990, the cost of higher benefits could by and large be covered by the cyclical boost to contribution revenues and intra-budgetary shifts of funds; this will not be possible to the same extent in the following years.
  • Sozialbudgets trotz Hochkonjunktur stark beansprucht. Zur Entwicklung der sozialen Sicherheit im Jahr 1990; Continued High Claims on Social Welfare Budgets
  • RePEc:wfo:monber:y:1991:i:8:p:470-475
Language
  • English
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