IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxviy2023i2p148-163.html
   My bibliography  Save this article

Relationships between Pension Spending, Poverty Reduction, and Economic Growth: Evidence from the European Union Countries

Author

Listed:
  • Maria Teresa Medeiros Garcia
  • Adriana Maria Fernandes Ferreira

Abstract

Purpose: The purpose of this paper is to examine the impact of pension spending on both poverty and economic growth. Design/Methodology/Approach: The paper considers pooled ordinary least squares and fixed effects regression models as well as two-stage least squares (2SLS) regression analysis, and uses annual panel data from 24 European Union Member States, from 2007 to 2018. Findings: The results show that pension spending is relevant for reducing poverty and suggest that pension spending has no impact on gross domestic product growth. Practical implications: The results in this paper should advance our understanding of the fundamental role of public pension systems in alleviating poverty and in contributing to inclusive growth. Originality value: To our knowledge, our study is the first that utilises pension expenditure and its impact on both poverty and economic growth using data from European Union countries.

Suggested Citation

  • Maria Teresa Medeiros Garcia & Adriana Maria Fernandes Ferreira, 2023. "Relationships between Pension Spending, Poverty Reduction, and Economic Growth: Evidence from the European Union Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 148-163.
    • Handle: RePEc:ers:journl:v:xxvi:y:2023:i:2:p:148-163
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/3159/download
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Pension expenditure; public pensions; poverty; economic growth; European Union.;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxvi:y:2023:i:2:p:148-163. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.