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The Cost and Funding of a Partial Social Benefit in Spain
Author(s) -
PeñaMiguel Noemí,
De La Peña J. Iñaki
Publication year - 2016
Publication title -
poverty and public policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.206
H-Index - 4
ISSN - 1944-2858
DOI - 10.1002/pop4.129
Subject(s) - parliament , unemployment , payment , order (exchange) , work (physics) , social assistance , economics , cover (algebra) , business , social cost , sustainability , public economics , finance , economic policy , economic growth , political science , microeconomics , politics , mechanical engineering , engineering , law , ecology , biology
In a situation of economic crisis, it is common to find high unemployment and stringent requirements for access to social assistance for those who are most in need. International organizations such as the World Bank, the International Labour Organization, and the European Parliament have proposed designing a minimum benefit payment. We have calculated the estimated cost of a partial social benefit in order to cover basic goods for citizens who do not work. We propose a financial model, suitable for ensuring the economic, financial, and social sustainability of this measure. This model could also be extrapolated to other countries.